Economy
Seasonal jobs bring down Q2 unemployment to 26.6 pct but long-term jobless rising
The non-seasonally-adjusted unemployment rate posted a drop both year on year (YoY) and quarter on quarter (QoQ) to 26.6 percent in Q2 2014 from 27.8 percent in the previous quarter and 27.3 percent in Q2 2013, according to the Hellenic Statistical Authority (ELSTAT).
Finance Ministry challenges SYRIZA's plans for economy, ups cost
Responding to SYRIZA’s economic programme, which presented by its leader Alexis Tsipras in Thessaloniki on September 13, the Finance Ministry (MoF) published a 12-page press release providing its own calculations on the estimated cost of SYRIZA measures.
Increase in number of services that saw their turnover decrease in Q2
The evolution of turnover indices for the services sector showed a worsening performance in Q2 2014, with 10 out of the 14 types of services, or specific activities of services as they are referred to, posting a negative growth, according to the Hellenic Statistical Authority (ELSTAT).
A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
In his speech at the International Trade Fair in Thessaloniki on Saturday, the leader of the main opposition party (SYRIZA) Alexis Tsipras reiterated his pledges on debt haircut and other measures to ease debt servicing.
Greek central government primary cash surplus to August at 2.3 bln
Greece’s central government primary cash balance turned to a surplus of 2.32 billion in the 8-month period from deficit of 3.21 billion last year, according to the Bank of Greece (BoG). This implies a fiscal consolidation of 5.53 billion year on year.
S&P upgrades Greece one notch to B, sees growth in 2015
Standard and Poor’s (S&P) upgraded today Greece’s long-term rating by one notch to ‘B’ from ‘B-‘ with a stable outlook and reflects its view that risks to fiscal consolidation have abated.
Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
Greece’s budget execution showed the primary surplus narrowing to 1.95 billion euros in the 8-month period from 2.28 billion in the 7-month, according to the preliminary data released by the Ministry of Finance (MoF).
Building activity falls 10.7 pct in June after brief rise in May
After a short-lived rise of 1.2 percent in May, the number of building permits issued in Greece fell by 10.7 percent in June, according to the Hellenic Statistical Authority (ELSTAT).
Greek banks' Eurosystem funding declines by another 53 mln in August
Greek banks’ Eurosystem funding slipped by just 53 million euros in August - the slowest pace of decline in 2014, according to the Bank of Greece's (BoG) monthly financial statement.
Greek unemployment rate hovers at 27 pct in June
The seasonally adjusted jobless rate further slipped to 27 percent in June following a downward revised 27.1 percent recorded in May, according to the Hellenic Statistical Agency (ELSTAT).