Greece sold 1.138 billion euros of six-month treasury bills yesterday to roll over a maturing issue, the country’s debt agency PDMA said. The T-bills were priced to yield 2 percent, unchanged from a previous sale in October. The sale’s bid-cover ratio was 2.09, down from 2.67 in the previous sale. The settlement date for yesterday’s auction will be tomorrow. The amount raised included 272 million euros in non-competitive bids. Athens has a stock of about 15 billion euros of T-bills, which it regularly refinances.
Olive oil output.
2014-15 because of the effects of drought and exhausted trees in Spain and civil war in Syria, lifting prices in coming months, industry researcher Oil World said on Tuesday. Output of pressed olive oil may fall to 2.55 million metric tons in 2014-15 from a record 3.19 million tons a year earlier, the Hamburg-based researcher wrote in an e-mailed report. Spanish output of first-pressed oil is forecast to fall to 830,000 tons from 1.77 million tons, while production including residue oils obtained from pressed olive pulp is seen falling to 900,000 tons from 1.92 million tons, Oil World said. Rising production in Greece will partially make up for the drop in Spain, with the volume of pressed oil climbing to 300,000 tons from 158,000 tons. Italy’s olive oil output is seen little changed at 455,000 tons, from 450,000 tons.
ber, ELSTAT had said the GDP revision reflected the use of new and updated data on national accounts, in line with the new European Systems of Accounts (ESA 2010).