Economy
Trade deficit jumps by 56 pct in May
Greece’s trade deficit rose significantly by 56 percent (YoY) in May compared to a fall of 5.2 percent in April, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed.
EFKA fund data shows 30 pct in part-time jobs earning less than 400 euros on average
The Unified Social Security Fund’s (EFKA) latest employment data as of December 2018 has shown that around one in three employees earn a gross monthly wage of a little over 390 euros.
Tracing the decline of the middle class as parties vie for its votes
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Since key constituencies, including private and public sector workers and the young, abandoned governing SYRIZA to hand New Democracy a comfortable 9.5 percent lead in the May 26 European Parliament elections, the parties have been vying for the middle-class vote.
Deposits rise by 561.6 mln in May, positive for third month
Net deposit movement in the Greek banking system stayed positive by 561.6 million euros in May, following positive inflows of 1.54 billion euros in April, Bank of Greece (BoG) figures revealed on Monday.
BoG report highlights economic challenges, proposes way forward
The Bank of Greece (BoG) published on Monday its Monetary Policy Report for 2018 and 2019, which outlines the areas where there has been significant progress but it also highlights several risks and makes proposals that would free up the country’s potential to accelerate growth.
Credit contraction remains at 0.1 pct in May, balance at 161.16 bln
Credit contraction in the Greek market stayed at 0.1 percent in May, unchanged from April, Bank of Greece (BoG) figures showed on Monday.
PMI falls to 52.4 in June while industry optimism holds steady
Greece’s manufacturing PMI fell to 52.4 points in June from 54.2 points in May, according to the latest data from Markit PMI.
PPC reports net loss of 205.1 mln in Q1
Greece’s majority state-owned Public Power Corporation’s (PPC) first quarter (Q1) results showed that net losses worsened to 205.1 million from 12.6 million euros in the same quarter last year.
Retail turnover falls by 2 pct in Apr, volume declines by 2.7 pct
Greece’s retail sales index fell by 2 percent in April compared to an upward revised increase of 5.4 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Eurobank’s NPL sales take major step with two transactions
Eurobank announced on Thursday that it had entered into a binding agreement with PIMCO’s Celidoria SARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non-performing residential mortgage loans.