Greek trade deficit up 12.6 pct in Feb as imports rise
Greece’s trade deficit rose 12.6 percent to 1.99 billion euros in February, resuming an upward trend for the first time since September 2013, according to the Hellenic Statistical Authority (ELSTAT).
Greek 2013 primary surplus confirmed at 1.5 bln euros
Greece’s 2013 general government (gg) deficit reached 23.11 billion euros (12.7 percent of GDP), while debt stood at 318.7 billion (175.1 percent of GDP), according to first notification released by the Eurostat on Wednesday.
National Bank follows other Greek lenders' by opting for capital increase
As had been rumoured, National Bank of Greece’s board (NBG) decided on April 16 to call an Extraordinary General Meeting for May 10 to approve a capital increase of up to 2.5 billion euros.
Greek current account deficit rises to 709 mln in February
Greece's February current account (C/A) deficit rose by 3.6 percent to 709 million euros, according to the Bank of Greece (BoG).
Central gov't cash deficit down to 1.14 bln in March
Greece’s central government net balance to March on a cash basis showed a deficit of 1.14 billion. 59 percent lower compared to last year’s 2.76 billion, according to the Bank of Greece (BoG).
Four months of decline in industry turnover almost comes to stop in February
The decline in Turnover Index in Industry slowed further in February to a marginal 0.1 percent from 4.3 percent in January and a double-digit drop in the preceding three months, according to the Hellenic Statistical Authority (ELSTAT).
Eurobank gears up for crucial but contentious capital increase
Eurobank, Greece’s fourth largest lender, is preparing to carry out before the end of this month a share capital increase that will ensure its capital adequacy but which has many opponents due to the controversial nature of the method that has been chosen.
Greek banks' Eurosystem funding falls for third straight month, at lowest since Feb 2010
Greek banks’ Eurosystem funding dropped in March at the fastest pace since May 2013. It fell by 7.3 billion in what was the third successive month that funding declined, according to the Bank of Greece's (BoG) monthly financial statement.
EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target
Greece’s budget execution showed a primary surplus of 1.57 billion euros in the first quarter of 2014, three times higher than the 520 million recorded in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF).
ELSTAT sees 2013 primary deficit at 8.7 pct of GDP, 40 bln wiped out from economy since 2010
As part of the Excessive Deficit Procedure (EDP), the Hellenic Statistical Authority (ELSTAT) published on Monday its first notification in 2014 concerning fiscal data for 2010-13.