Economy
Apartment prices down by 5.4 pct in Q4 and 5.1 pct over whole of 2015
Greek apartment prices decreased by 5.4 percent in the fourth quarter (Q4) of 2015, at a slightly decelerating pace compared to the revised 5.8 percent drop in Q3, Bank of Greece (BoG) data displayed on Monday.
Clock ticks on bailout review but big gaps remain between Greece, lenders
The date of the mission chiefs’ return to Athens is still unknown but intensive work continues at the technical level on Greece’s first programme review.
Greek stocks nosedive 9.8 pct over week amid bank sell-off
Despite a rebound by 3 percent on Friday, the Greek equity market tumbled 9.8 percent for the second straight week amid continued turbulence in the global markets and increasing domestic uncertainty that mostly hit the banking sector.
Q4 GDP contracts 0.6 pct QoQ, recession of 0.7 pct in 2015
The Greek seasonally adjusted (SA) GDP at constant prices fell quarter on quarter (QoQ) by 0.6 percent in the fourth quarter (Q4) of 2015 at a decelerating pace compared to the downward revised 1.4 percent drop in Q3, the Hellenic Statistical Authority (ELSTAT) flash estimates showed on Friday.
Building activity rebounds 7.2 pct in November
After falling in the preceding four months, Greek building permits rebounded 7.2 percent in November, Hellenic Statistical Authority (ELSTAT) figures displayed on Friday.
Unemployment down slightly to 24.6 pct in November
Greece’s seasonally adjusted unemployment rate eased to 24.6 percent in November from an upward revised 24.7 percent in October, the Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
Gov't proposes easing impact of pension reforms on self-employed for three years
In an effort to calm the strong objections raised by the self-employed (doctors, engineers and lawyers), who are insured in the United Fund of Independent Employees (ETAA), Labour Minister Giorgos Katrougalos presented on Monday a new proposal for a 3-year transition period to soften the impact of the pension reforms he has put forward.
Industrial production rises by 5.2 pct in Dec, its highest growth rate since 2007
Greece’s Industrial Production Index (IPI) rose for the second straight month at an accelerating pace of 5.2 percent in December from an upward revised 2 percent in November, the Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
![Photo by Can Esenbel [http://www.mundanepleasure.com/]](resources/toolip/img-thumb/2013/10/16/stocks2_economy_esenbel-medium.jpg "Photo by Can Esenbel [http://www.mundanepleasure.com/]")
Greek stocks plunge 7.9 pct, banks tumble 24.3 pct
Following a nosedive by 8.9 percent last week, the Greek stock market tumbled a further 7.9 percent on Monday amid turmoil in the European markets on global growth prospects and increased domestic risks.
General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
Greece’s general government (gg) primary cash surplus more than doubled to 4.14 billion euros in 2015 from 2.05 billion in 2014, the Finance Ministry (MoF) gg bulletin showed on Monday.