The Greek stock market rebounded 3.5 percent this week, albeit with subdued volumes, amid increasing confidence that Greece would reach an agreement with official lenders in the next couple of weeks.
Greece’s new unpaid taxes eased month on month (MoM) for the third straight month in April, coming in at 737 million euros from 989 million in March, according to data released by the General Secretariat of Information Systems (GSIS).
Greece's current account (C/A) deficit widened more than four times in March to reach 404 million euros, from 88 million in the corresponding period last year, according to the Bank of Greece (BoG).
Greece’s central government debt fell by 11.43 billion euros quarter on quarter (QoQ) to 312.7 billion at the end of the first quarter (Q1) of 2015 from 324.13 billion at the end of Q4 2014, according to the Finance Ministry debt bulletin.
The Turnover Index in Industry fell for the fifth successive month, yet the rate of drop decelerated to 2.9 percent in March from 10 percent in February, according to the Hellenic Statistical Authority (ELSTAT).
Greece and its lenders are broadly in agreement on the restructuring of Greece’s VAT system, which is one of several obstacles to a full deal between the two sides, according to Finance Minister Yiannis Varoufakis.
In its scheduled rating review on Friday, Fitch affirmed Greece’s rating at ‘CCC’, where it was initially placed on March 28.
Greece’s central government primary cash surplus narrowed by 20.9 percent year on year (YoY) to 1.05 billion in the 4-month period of 2015 from 1.33 billion in the corresponding period last year, according to the Bank of Greece (BoG).
Eurobank kicked off Greek banks’ reporting season for the first quarter (Q1) of the year by announcing a net loss of 94.4 million from 207 million in Q1 2014 and 523.7 million in Q4.
The fall in Greek apartment prices decelerated for the seventh straight quarter to 3.9 percent in Q1 2015 from a downward revised 5.4 percent in Q4 2014, according to the Bank of Greece (BoG).