Economy
Disposable income drops 1.8 pct in Q1 on rise in taxes and social contributions
Greek household disposable income fell by 1.8 percent in the first quarter (Q1) of 2016 after a short-lived modest rise by 0.3 percent in Q4 2015, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Primary cash surplus more than doubles to 2.8 bln in first half of 2016
Greece’s central government primary cash surplus widened to 2.76 billion euros in the first half of 2016 from 1.3 billion a year ago, accoding to Bank of Greece (BoG) figures published on Friday.
Current account deficit widens to 412 mln in May
Greece's current account (C/A) deficit almost tripled to 411.6 million euros in May from 139.9 million last year, Bank of Greece (BoG) figures displayed on Thursday.
Increase in overdue contributions accelerates to 831 mln in Q2 as total reaches 16.6 bln
The rate of increase in unpaid social security contributions (SSCs) almost doubled quarter on quarter (QoQ) to 831 million in Q2 from 429 million in the previous quarter.
Sallas exit from Piraeus marks end of era in Greek banking sector
Michalis Sallas, the non-executive chairman of Piraeus Bank, resigned during a Board of Directors (BoD) meeting on Wednesday afternoon, marking the end of an era in the Greek banking sector.
Parliament's budget office sees risks to economic recovery
In its latest quarterly report, the Parliamentary Budget Office (PBO) calls for swift and consistent implementation of the third bailout programme since it concludes there is no alternative route to economic growth.
Industrial turnover plunges 13.4 pct in May for fifth successive double-digit drop
Greece’s Turnover Index in Industry continued its downswing in May, diving by 13.4 percent after a downward revised 14.3 percent drop in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
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.