Economy
New court verdict adds to concern about impact of backpay on fiscal balance
Another court decision on backpay has revived fears that in the months to come the Greek government could be facing an additional spending outlay that may threaten to derail plans to maintain a primary surplus of 3.5 percent of GDP until 2022.
Primary cash surplus at 20.34 bln in November as revenues grow
Greece’s central government primary cash balance recorded a surplus of 20.34 billion euros in the first eleven months of the year, Bank of Greece (BoG) figures have shown.
New overdue taxes rise by 995 mln in Oct, taking stock to 104.8 bln
The month-on-month rise in Greece's new tax debt came to 995 million in October, declining from the increase of 1.47 billion noted in September, data from the Independent Authority of Public Revenues (IAPR) showed on Monday.
Hirings balance negative by 33,249 in November as seasonality impact begins to tail off
The employment balance remained negative in November for a second consecutive month with 33,249 more departures than hirings, according to data form the Labour Ministry’s Ergani information system.
Budget primary surplus at 7.61 bln in November as expenditure curtailed
The budget primary balance came to a surplus of 7.61 billion euros in the first eleven months of 2018, according to the preliminary budget execution bulletin for November published by the Finance Ministry (MoF) on Friday.
Turnover in services sector improves in Q3 2018 on annual basis, declining QoQ
Turnover indices for the services sector recorded an improvement in the third quarter (Q3) of 2018, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Unemployment rate declines to 18.3 pct in Q3
The Greek non-seasonally-adjusted unemployment rate stood at 18.3 percent in the third quarter (Q3) of the year, dropping from the rate of 19 percent seen in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Eurosystem funding falls by 978 mln in Nov, banknotes increase for fourth month
Greek banks’ Eurosystem funding declined by 978 million euros month-on-month (MoM) in November, the Bank of Greece's (BoG) monthly financial statement has revealed.
Fresh reminder about pending reforms for Athens, which remains confident on goals
Speaking at the Capital Link Forum in New York on Tuesday, a day after European Commission official Declan Costello had issued another reminder that Athens must ensure it completes its pending reforms on time, Finance Minister Euclid Tsakalotos appeared confident that there would not be any delays.
Car sales rise by 12.3 pct in November and 23.7 percent in 11-month
Road motor vehicles going into circulation for the first time rose by 12.3 percent in November after a rise of 19.2 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.