Economy
Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June
Greece’s budget primary surplus widened to 2.48 billion euros in the first half of 2016, up by 31.5 percent from the 1.88 billion recorded in the corresponding period last year, the Finance Ministry (MoF) preliminary budget execution bulletin displayed on Tuesday.
Credit standards for Greek loans stayed stable in Q2, small uptick in demand for large corporate loans
Credit standards for both corporate and household loans were kept largely stable quarter on quarter (QoQ) in the second quarter (Q2) of 2016, in line with expectations, Bank of Greece (BoG) bank lending survey (BLS) figures displayed on Tuesday.
Moscovici tries to kill discussion of primary surplus targets as easing of capital controls cleared
European Commissioner for Economic and Financial Affairs Pierre Moscovici sought to kill off the discussion about lowering Greece’s post-2018 primary surplus targets when he visited Athens on Monday.
ELSTAT publishes data on bankruptcies since 2004, showing deterioration during crisis
The Hellenic Statistical Authority (ELSTAT) released for the first time on Friday bankruptcy statistics based on bankruptcy court orders over the past 11 years.
Net job hirings hit 33,608 in June, highest since 2001
The employment balance remained positive for the fifth straight month showing net hirings of 33,608 in June 2016, up by 25,018 compared to the corresponding period last year, the Labour Ministry’s information system (Ergani) data displayed on Friday.
Greek stocks rise 3.8 pct on week, banks rebound by 10.7 pct
The Greek stock market traded in positive territory in four straight sessions, ending the week up by 3.8 percent despite a correction of 1 percent on Friday.
Greece lagging in EU innovation rankings
Greece is ranked 19th among the EU-28 in the European Innovation Scoreboard, whose 2016 results were released by the European Commission on Thursday.
Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement
Greek banks’ Eurosystem funding dropped by a notable 8.57 billion euros in June, following a decrease by 3.86 billion in May, Bank of Greece's (BoG) monthly financial statement displayed on Wednesday.
New tax arrears climb by 1.25 bln in May, total stock rises to 89 bln
Greece’s new unpaid taxes rose by a notable 1.25 billion euros in May, which is a much faster pace compared to the increase of 694 million recorded in April, General Secretariat of Information Systems (GSIS) data showed on Tuesday.
Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
Appearing before Parliament’s economic affairs committee on Monday Bank of Greece (BoG) Governor Yannis Stournaras presented the organisation’s monetary policy report, which was released a month ago, and provided an update on Greek banks’ loan quality as well as unveiling a series of proposals for easing capital controls