Economy
Greece's ongoing divestment from banking sector creates new lender, stirs controversy
The deal for the merger between Attica Bank and Pancreta raised more questions than the Greek authorities would have anticipated regarding what was presented as one of the final steps for the state to reduce its participation.
Primary surplus reaches 2.91 bln in Jun as VAT and corporate tax lead revenue outperformance
The budget primary balance was confirmed at a surplus of 2.91 billion euros in June, compared to a surplus of 2.12 billion euros in the same month a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday.
Construction market remains strong in Apr as building permits rise by 40 pct
The strong start to the year for building activity kept its pace in April, with a rise of 40.1 percent year-on-year (YoY), after a 39.8 percent increase in March, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Business deposits at forefront of June's 3.83 bln rise in savings
The net private sector deposits in the Greek banking system shot up in June with a rise of 3.83 billion euros, after a 303-million-euro rise in May, based on the latest Bank of Greece (BoG) figures released on Thursday.
Loans to businesses propel credit expansion of 6.1 pct YoY in June
The credit expansion in the Greek private sector picked up pace in June, rising by 6.1 percent year-on-year (YoY), from 4.8 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Receipts and arrivals rise in May, but spending per trip down by 12.2 pct
Greece's travel balance recorded a surplus of 1.65 billion euros in May, compared to 571.2 million euros in April, according to data released by the Bank of Greece (BoG) on Tuesday.
Current account balance continues to deteriorate as deficit up to May exceeds 9 bln
Greece’s current account recorded a deficit of 2.35 billion in May, from 2.69 billion euros in April, Bank of Greece (BoG) data showed on Monday.
Strong tax performance and underspend push 6M primary surplus to 1.7 bln above target
The budget primary balance recorded a surplus of 2.9 billion euros by June, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
Scope leaves rating unchanged at BBB-, ups outlook to positive due to solid fiscal performance
Scope Ratings kept Greece’s rating unchanged at ‘BBB-‘ on Friday. This is the lowest step of the investment grade that it granted Greece in August last year, but Scope upped the outlook to positive.
Growth in vehicle sales remains subdued in June, H1 up by 6.5 pct YoY
Road motor vehicles going into circulation for the first time rose by 3.6 percent year-on-year (YoY) in June, after a drop of 0.8 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.