Economy
Industrial turnover and new orders indices post big drops for December
The Turnover Index in Industry fell 11.8 percent in December, while the New Orders Index in Industry dropped 7.5 percent, according to the Hellenic Statistical Authority (ELSTAT).
Central gov't cash surplus rises by 53.8 pct to 603 mln in January
Greece’s central government net balance on a cash basis showed the surplus widening by 53.8 percent to 603 million euros in January from 392 million last year, according to the Bank of Greece (BoG).
Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates
Greek non-seasonally-adjusted GDP contracted 2.6 percent in the fourth quarter of 2013, further decelerating from the 3 percent drop posted in the third quarter, according to flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Friday.
Greek deflation slows to 1.5 pct in January
The drop in Greece’s Consumer Price Index (CPI) slowed to 1.5 percent in January from 1.7 percent in December, according to the Hellenic Statistical Authority (ELSTAT).
Unemployment at new high of 28 pct in Nov, jobless up by 169 pct in four years
The seasonally adjusted jobless rate continued heading north, reaching 28 percent in November from a downwards revised 27.7 percent the previous month, according to the Hellenic Statistical Agency (ELSTAT). The November rate now holds the new high.
Building activity up by 36.2 pct in Nov as rebound continues
Greek building activity (as measured by the number of building permits) soared 36.2 percent year-on-year (yoy) in November posting a positive growth for the second straight month, according to the Hellenic Statistical Authority (ELSTAT).
Despite payment of some arrears, total reached 4.6 bln at end of 2013
The Greek general government (gg) cash deficit narrowed by 48 percent to 7.05 billion in 2013 with the gg cash primary surplus dropping by 36.4 percent to 450 million from 707 million in 2012, according to the bulletin released by the Ministry of Finance (MoF) on Tuesday.
Budget execution shows surplus of 811 mln at start of 2014
Greece’s budget execution showed a primary surplus of 811 million euros in January almost double compared to the 415 million posted in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF).
Electricity drives rare rise in Greek industrial production index
The Greek Industrial Production Index (IPI) had a small rebound of 0.5 percent in December following a downwards revised 5.4 percent decline in November, according to the Hellenic Statistical Authority (ELSTAT).
Greece’s first bailout, lenders and their pledge to maintain debt exposure
The Wall Street Journal and El Pais published over the weekend a revealing record of the minutes from the International Monetary Fund’s board meeting in May 2010, which sealed the organizations participation in the first Greek bailout.