Economy
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.
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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.
Car sales rise by 3.7 pct in Jan
The number of road motor vehicles going into circulation for the first time increased for the third straight month in January, albeit at the slower pace of 3.7 percent in January from 7 percent in December, Hellenic Statistical Authority (ELSTAT) data displayed on Monday.
Greek stocks down by 8.9 pct over week amid concerns of slow review
Greek shares slumped 8.9 percent this week largely on lack of progress in negotiations with the institutions and concerns the conclusion of the review could be delayed until April.
Drop in trade deficit accelerates to 14.3 pct in Dec on faster fall in imports
Greece’s trade deficit declined at an accelerating pace of 14.3 percent in December from 1.8 percent in November, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
EC sees resilience in Greek economy, urges additional measures in 2016 and 2017
In its winter economic forecasts published on Thursday, the European Commission (EC) aligned its GDP estimates with those incorporated in Greece’s 2016 budget calling for GDP growth in 2015 and contraction of 0.7 percent in 2016.
Time deposit rate almost stable in December, average loan rate rises 17 bps
Greek households’ new time deposit rate rose by 1 basis point to 1.02 percent in December, Bank of Greece (BoG) figures showed on Thursday.
Labour Ministry 2015 data shows increase in employment, marginal drop in average wage
The Labour Ministry published on Tuesday the annual report of its information system (Ergani) providing detailed figures on mostly private sector companies and their workers.