As had been rumoured, National Bank of Greece’s board (NBG) decided on April 16 to call an Extraordinary General Meeting for May 10 to approve a capital increase of up to 2.5 billion euros.
Greece's February current account (C/A) deficit rose by 3.6 percent to 709 million euros, according to the Bank of Greece (BoG).
Greece’s central government net balance to March on a cash basis showed a deficit of 1.14 billion. 59 percent lower compared to last year’s 2.76 billion, according to the Bank of Greece (BoG).
The decline in Turnover Index in Industry slowed further in February to a marginal 0.1 percent from 4.3 percent in January and a double-digit drop in the preceding three months, according to the Hellenic Statistical Authority (ELSTAT).
Eurobank, Greece’s fourth largest lender, is preparing to carry out before the end of this month a share capital increase that will ensure its capital adequacy but which has many opponents due to the controversial nature of the method that has been chosen.
Greek banks’ Eurosystem funding dropped in March at the fastest pace since May 2013. It fell by 7.3 billion in what was the third successive month that funding declined, according to the Bank of Greece's (BoG) monthly financial statement.
Greece’s budget execution showed a primary surplus of 1.57 billion euros in the first quarter of 2014, three times higher than the 520 million recorded in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF).
As part of the Excessive Deficit Procedure (EDP), the Hellenic Statistical Authority (ELSTAT) published on Monday its first notification in 2014 concerning fiscal data for 2010-13.
Greece made what many commentators regarded as a spectacular comeback to international bond markets this week after four years in “exile,” as Prime Minister Antonis Samaras described it.
Greek building activity (as measured by the number of building permits) continued heading south in January retreating by 35.3 percent, following a 29.6 percent drop in December, according to the Hellenic Statistical Authority (ELSTAT).