The Organisation for Economic Cooperation and Development (OECD) released a report on May 15 identifying 3.3 billion euros worth of burdensome regulations in 13 sectors weighing on businesses each year.
Greek non-seasonally-adjusted GDP contracted 1.1 percent year on year (YoY) in the first quarter (Q1) of 2014 from -2.3 percent in Q4 2013, according to flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Greek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise for the first time since December 2013, according to the Bank of Greece's (BoG) monthly financial statement.
Greek building activity (as measured by the number of building permits) retained on a downward curve for the third straight month in February, retreating by 20.7 percent according to the Hellenic Statistical Authority (ELSTAT).
The Consumer Price Index (CPI) eased 1.3 percent in April, unchanged from the previous month, according to the Hellenic Statistical Authority (ELSTAT).
The Greek Industrial Production Index (IPI) dropped 3.1 percent in March, from an upward revised 3.1 percent increase in February, according to the Hellenic Statistical Authority (ELSTAT).
Cars going into circulation for the first time showed a year on year (YoY) increase for the eighth straight month in April, rising by 9.1 percent according to Hellenic Statistical Agency (ELSTAT).
The Greek general government (gg) primary cash surplus in the first quarter (Q1) of 2014 more than tripled to 2.5 billion from 770 million in the corresponding period last year, according the gg bulletin released by the Ministry of Finance on Tuesday.
In its latest Economic Outlook report published on Tuesday, the Organisation for Economic Cooperation and Development (OECD) still expects Greek GDP to contract 0.3 percent in 2014 and rebound 1.9 percent in 2015.
In its latest quarterly report released on Friday, the Greek Parliamentary Budget Office (PBO) argues that despite significant achievements in 2014, the Greek economy still has a long way to go to overcome the obstacles in its path.