Economy
Greek deposits increase for seventh straight month, reaching 164 bln
Greek private sector deposits increased for the seventh successive month by 0.3 percent month on month (MoM) in September, with balances reaching 164.75 billion euros, according to the Bank of Greece (BoG).
Greek credit contracts by another 3.5 pct in Sept as balances ease to 212 bln
The rate of Greek credit contraction remained at 3.5 percent in September, unchanged from the previous month, according to the Bank of Greece (BoG).
Greek disposable income continues its slide in Q2, reached 29 pct during crisis
Greek household disposable income fell by 4.3 percent year on year (YoY) in the second quarter (Q2) of 2014 to 30.8 billion, according to the Hellenic Statistical Authority (ELSTAT).
ECB tests find negligible capital shortfalls at Greek banks
The European Central Bank (ECB) published on Sunday the much anticipated results of its comprehensive assessment on the financial health of 130 banks in the euro area, with just one Greek lender (Eurobank) appearing to have a capital shortfall and even in that case it being less than 18 million euros.
ECB stress tests and what they will mean for Greek banks
The European Central Bank (ECB) is due to release the results of its comprehensive assessment of the financial health of 130 banks in the euro area at noon (CET) on Sunday. In the two weeks that follow banks will have to submit their capital plans, detailing how capital shortfalls will be covered in the next 6-9 months.
August trade deficit shrinks by 29.5 pct as imports fall faster than exports
Greece’s trade deficit narrowed by 29.5 percent in August, after soaring by a similar rate in July, according to the Hellenic Statistical Authority (ELSTAT).
Greek travel receipts up 10.3 pct in August as 2014 targets revised upwards
Greece's travel receipts grew by 10.3 percent in August from 14.4 percent in July, marking the third successive monthly increase, according to the Bank of Greece (BoG).
Greek primary budget surplus rises to 2.53 bln at end of September
Greece’s budget execution showed the primary surplus widening to 2.53 billion euros in the 9-month period from 1.95 billion a month earlier, according to the final data released by the Ministry of Finance (MoF) on Tuesday. These numbers confirm preliminary figures released on October 14.
August sees third Greek C/A surplus in a row, reaching 1.82 bln
Greece's current account (C/A) balance recorded a surplus for the third successive month in August. It reached 1.82 billion euros, which is 50.4 percent year on year (YoY), according to the Bank of Greece (BoG).
Unpaid taxes for September fall to 1.03 bln but up 56.5 pct so far this year
After peaking at 1.42 billion euros in August, the monthly rate of Greece’s unpaid taxes dropped to 1.03 billion in September, according to data provided by the General Secretariat of Information Systems (GSIS) on Tuesday.