Economy
First review completed but more prior actions lie ahead for Greece
Following the agreement reached at the Eurogroup Working Group (EWG) on Thursday, parts of the supplemental memorandum of understanding (MoU) were revealed over the weekend.
Greek stocks down 4.6 pct during week after Friday’s sell-off
The Greek equity market traded mostly in negative territory this week with a sell-off on Friday amid global concerns as investors preferred to adopt a risk-averse stance despite the positive developments on the domestic front related to the disbursement of the next bailout tranche.
EWG clears 7.5 bln tranche for Greece in first step before disbursement
The Eurogroup Working Group (EWG) held in Helsinki on Thursday evening approved the implementation of the remaining prior actions by the Greek government and gave the first green light for the disbursement of the next tranche of 7.5 billion euros.
Unemployment rate eases to 24.1 pct in March, lowest in four years
Greece’s seasonally adjusted (SA) unemployment rate edged down further to 24.1 percent in March from 24.2 percent in February, the Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
CPI falls at decelerating pace of 0.9 pct in May
Τhe Greek Consumer Price Index (CPI) fell at a slower pace of 0.9 percent in May from a drop of 1.3 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Industrial production rebounds 2.8 pct in April
Greece’s Industrial Production Index (IPI) rebounded by 2.8 percent in April after dropping in the preceding two months, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Car sales surge for second straight month, rising by 33 pct in May
The number of road motor vehicles (going into circulation for the first time) soared 33 percent in May following a strong rise of 24.5 percent in April, according to Hellenic Statistical Authority (ELSTAT) data published on Wednesday.
Turnover in tourism sector drops at an accelerating pace of 11.7 pct in Q1
The Turnover Index in Accommodation and Food Services fell for the second straight quarter by 11.7 percent in Q1 of 2016 after an upward revised 9.1 percent drop in Q4 2015, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday.
Deal for Hellenikon sealed; gov't sees improved terms, economic boost ahead
The Hellenic Republic Asset Development Fund (HRADF) and Lamda Development signed on Tuesday the long-awaited memorandum of understanding (MoU) for Hellenikon (former Athens airport).
Trade deficit soars 21 pct in April for highest rise since Dec 2014
Greece’s trade deficit sharply rose by 21 percent in April after a 23.7 percent drop in March, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.