The evolution of turnover indices for the services sector showed 8 out of the 14 services activities posted a contraction in Q1 2014, according to the Hellenic Statistical Authority (ELSTAT).
Greece’s central government net balance to May on a cash basis showed the deficit narrowing by 74.4 percent to 1.88 billion from 7.32 billion last year, according to the Bank of Greece (BoG).
Alpha Bank announced today it signed an agreement for the acquisition of Citigroup’s Greek retail banking business, also including Diners Club of Greece. This is the second major Μ&Α transaction for Alpha after the acquisition of Emporiki Bank by Credit Agricole in 2012.
The Bank of Greece (BoG) issued its Monetary Policy 2013-14 report on June 12, which is the last official publication by the current governor George Provopoulos, who will be succeeded by the former Finance Minister next week.
Greek banks’ Eurosystem funding fell by 11.3 billion euros in May, the highest monthly drop since January 2013, according to the Bank of Greece's (BoG) monthly financial statement.
The non-seasonally-adjusted unemployment rate remained unchanged quarter on quarter in Q1 of this year at 27.8 percent in Q1 but rose slightly from the 27.6 percent posted in Q1 2013, according to the Hellenic Statistical Authority (ELSTAT).
Building permits in Greece continued heading south, although at a decelerating pace, falling by 16 percent in March from 20.7 percent in February, according to the Hellenic Statistical Authority (ELSTAT).
Greece’s budget execution showed a primary surplus of 711 million euros in the 5-month period from a primary deficit of 970 million in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF) on Thursday.
The Bank of Greece (BoG) published a report on Wednesday titled “The Chronicle of the big Crisis,” outlining the critical actions the BoG took between 2008 and 2013.
The IMF released on Tuesday its drawn-out report on Greece’s fifth review and expressed concern about “adjustment fatigue” and the rising number of non-performing loans, among other things.