Economy
Piraeus Bank issues Tier II bond to strong demand
Piraeus Bank’s closely watched Tier II bond issue was deemed a success after raising 400 million euros on Wednesday. In total, bids of over 850 million euros were submitted.
NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
The financial stability report published by Bank of Greece (BoG) on Tuesday details the credit risk in Greece’s banking system related to the major challenge of dealing with the stock of Non-Performing Exposures (NPEs).
BoG notes economic progress, urges safeguarding of fiscal credibility
In the financial stability report the Bank of Greece (BoG) published on Tuesday, it took stock of the positive developments in the Greek economy and the banking system.
Industrial turnover rises by 13.4 pct in April
Greece’s industrial turnover rose by 13.4 percent year-on-year (YoY) in April compared to a slightly downward revised decline of 6.5 percent in March, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed.
Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect
The budget primary balance recorded a surplus of 918 million euros in the first five months of 2019, compared to a surplus of 853 million noted in May 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday.
Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
Greek banks’ Eurosystem funding fell by 399 million euros month-on-month (MoM) in May, the monthly Bank of Greece's (BoG) financial statement showed.
Turnover in services sector improves slightly in Q1 2019
Turnover indices for the services sector recorded an improvement in the first quarter (Q1) of 2019, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Regling underlines concerns about fiscal target after voter-friendly measures
European Stability Mechanism (ESM) managing director Klaus Regling has repeated his warning that Greece’s is veering away from its fiscal targets following recent measures that Athens adopted without consulting the institutions, leaving the next government with some tough decisions to make.
Unemployment rate up to 19.2 pct in Q1, long-term jobless still falling
The Greek non-seasonally-adjusted unemployment rate stood at 19.2 percent in the first quarter (Q1) of the year, increasing from the rate of 18.7 percent noted in Q4 2018, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Eurozone set to give next govt until Sept to address fiscal issues
The new Greek government formed after the July 7 elections is unlikely to have to face probing questions about its plans and this year’s fiscal targets from its eurozone counterparts until September.