Economy
October C/A deficit drops to 351 mln, down 39.1 pct over year
Greece's October current account (C/A) balance showed Greece’s deficit shrinking to 351 million euros from 577 million last year, according to the Bank of Greece (BoG).
Big drops of 9.3 and 17.5 pct for turnover and new orders in October
The Turnover Index in Industry fell 9.3 percent in October, while New Orders Index in Industry dropped by 17.5 percent, according to the Hellenic Statistical Authority (ELSTAT).
What do EBA tests reveal, or fail to highlight, about Greek banks?
The European Banking Authority (EBA) disclosed on December 16 the results of a transparency exercise covering 64 European banks from 21 countries. The aim of the exercise was to share updated information based on first half 2013 data about banks' operations according to uniform benchmarks.
Q3 unemployment in Greece still at 27 pct despite strong tourism season
The non-seasonally-adjusted unemployment rate eased for the second straight quarter in Q3, falling to 27 percent from 27.1 percent in Q2 and 27.4 percent in Q1, according to data released by the Hellenic Statistical Authority (ELSTAT).
Bank of Greece sees 0.5pct growth in 2014 but warns of political risks
Greece is expected to post a general government primary surplus as well as a current account surplus of 1 percent of GDP for the first time in 2013, according to the Bank of Greece’s (BoG) interim report on Monetary Policy published on Tuesday.
Cash deficit to November rises to 9.9 bln as Greece pays off arrears
The central government net balance to November on a cash basis showed the deficit widening by 30 percent to 9.96 billion euros from 7.67 billion last year, according to the Bank of Greece (BoG).
Banks' reliance on Eurosystem funding eases for seventh straight month in Nov
Greek banks’ Eurosystem funding, the combined liquidity they have received from the European Central Bank (ECB) and the Bank of Greece (BoG) Emergency Liquidity Assistance (ELA) mechanism, marginally eased by 0.33 billion euros in November, according to the BoG’s monthly financial statement.
Primary budget surplus in Nov at 1.2bln euros, 2013 target in reach
Greece’s budget execution to November showed a primary surplus of 1.21 billion euros from a deficit of 1.42 billion last year, according to the preliminary data released by the Ministry of Finance (MoF) on Thursday.
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/10/09/poverty_myrto_0910-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Unemployment rate inched up again in Sept to 27.4 pct
The seasonally adjusted unemployment rate in September rose marginally to 27.4 percent, from 27.3 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT). The September rate is now just under the historic high of 27.5 percent in May this year.
Fall in industrial production speeds up in October with 5.2 pct drop
The Industrial Production Index (IPI) took on a faster downward trend in October with a drop of 5.2 percent following a 1.3 percent decline recorded in September, according to the Hellenic Statistical Authority (ELSTAT).