Economy
Current account deficit narrows to 271 mln in Jan
Greece’s current account (C/A) deficit narrowed to 271.1 million euros in January 2017 from 771.4 million a year ago, Bank of Greece (BoG) figures showed on Thursday.
Industrial turnover surges 26.9 pct in Jan, also reflecting low base effect
Greece’s Turnover Index in Industry soared by 26.9 percent in January after an upward revised double-digit growth of 14.7 percent in December, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday.
No return of institutions after Eurogroup but talks to continue in Brussels
Monday’s Eurogroup in Brussels proved inconclusive as far as the Greek review is concerned but did result in some hope that efforts to conclude the review would intensify in the coming days.
OECD outlines five priorities for Greek reform agenda in 2017
The Organisation for Economic Cooperation and Development published on Friday its annual edition of Going for Growth report, proposing policy actions to boost productivity and growth ensuring at the same time that the benefits from the reforms implementation reach a vast majority of workers and households.
Greece, creditors seek progress at Eurogroup on key differences holding up review
Greece and its lenders head into Monday’s Eurogroup with differences on several key issues that will have to be resolved if the second review is to conclude in the days ahead.
Stocks edge down 0.6 pct as review talks continue
The Greek stock market edged down 0.6 percent this week with quite meagre trading activity largely due to the lack of meaningful progress in negotiations between Greece and its lenders.
Primary cash surplus almost halves to 1.1 bln in 2-month
Greece’s central government primary cash surplus fell to 1.11 billion euros in the 2-month period of 2017 from 2.09 billion a year ago, Bank of Greece (BoG) figures showed on Friday.
Global deal in April ruled out as labour reforms prove biggest obstacle
Speaking to Parliament’s Economic Affairs Committee, Finance Minister Euclid Tsakalotos said on Thursday that the agreement with the institutions would be difficult but would also have “positive surprises,” which could pave the way for QE from the European Central Bank and lead to sustained growth.
New overdue taxes rise by 1.6 bln in Jan, total stock at 93.4 bln
Greece’s new tax debt increased at an accelerating pace by 1.63 billion euros in January from 1.28 billion in December, data from the Independent Authority of Public Revenues (IAPR) revealed on Thursday.
Unemployment rate up to 23.6 pct in Q4, down to 23.5 for 2016
The Greek non-seasonally-adjusted unemployment rate increased to 23.6 percent in the fourth quarter (Q4) of 2016 from 22.6 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.