Economy
Growth in accommodation and food services turnover slows to 6 pct in Q1
The Turnover Index in Accommodation and Food Services grew for the eighth successive quarter in Q1 2015, albeit at a slower pace of 6 percent from 22.2 percent in Q4 2014, according to Hellenic Statistical Authority (ELSTAT).
Athens Stock Exchange ends week on a low, banks lose 9.7 pct
The Greek stock market showed little change until Thursday but plunged 5 percent on Friday, closing the week with losses of 4.8 percent in the aftermath of negotiations between Greece and its lenders, reversing the initial positive mood evident particularly during Tuesday’s session.
Sharp drop in gg primary surplus by end-April, arrears keep rising
The general government (gg) primary cash surplus narrowed by more than 59 percent to 651 million euros in the 4-month period of 2015 from 1.6 billion in the corresponding period last year, according the gg bulletin published by the Ministry of Finance (MoF) on Friday.
Minor movements in Greek deposit and loan rates in April
The interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82 percent in April from 1.83 percent in March, according to the Bank of Greece (BoG).
The key points from lenders' proposals to Greece
Following the publication of the 47-page document Greece sent to the institutions by the Tagesspiegel newspaper in Germany, which we presented earlier today, tovima.gr published the two documents (5 and 7-page) that include the prior actions and the policy commitments prepared jointly by the three institutions.
The key points from Greece's proposal to lenders
Prime Minister Alexis Tsipras insists that the 47-page document Greece sent to the institutions earlier this week remains a “realistic” basis for an agreement.
Unemployment unchanged at 25.6 pct in Mar but number of employed still falling
Greece’s seasonally adjusted (SA) unemployment rate remained unchanged at 25.6 percent in March, following the upward revision of Ferbuary’s figure, according to the Hellenic Statistical Agency (ELSTAT).
OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
In its latest Economic Outlook report released on Wednesday, the OECD slashed its Greek GDP estimates to 0.1 percent in 2015 from 2.3 percent in its previous forecast published last November.
Greek SMEs face biggest obstacles to finance in euro area, ECB finds
The latest ECB bi-annual survey on enterprises’ access to finance for the six months ending in March 2015 reaffirmed that Greek SMEs continue to face the most significant obstacle among their eurozone peers.
PMI improves in May but points to further deterioration in manufacturing
Greece’s Manufacturing PMI improved by 1.5 points in May, rising to 48 from 46.5 in April, according to Markit.