Economy
Value of HFSF's shareholdings in core Greek banks sinks to 18.5 bln
The recent publication of financial statements for the first quarter of 2014 by Greece's bank rescue fund, the Hellenic Financial Stability Fund (HFSF), revealed a profit of 1.45 billion euros for the period in question. However, the value of HFSF's shareholdings in Greece's core lenders has dropped dramatically.
Central gov't primary cash surplus reaches 1.37 billion in first half of year
Greece’s central government net balance to June on a cash basis showed the deficit shrinking by 78 percent, or 6.8 billion euros, to 1.82 billion from 8.72 billion last year, according to the Bank of Greece (BoG).
Greek primary budget surplus reaches 712 mln in first half of 2014
Greece’s budget execution showed a primary surplus of 712 million euros in the first half of the year from a primary deficit of 1.51 billion euros in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF).
Building activity plunges by 35.6 pct in April, down by 75 pct since 2008
The number of building permits issued in Greece in April plunged by 35.6 percent in, accelerating from the 16 percent drop posted in March, according to the Hellenic Statistical Authority (ELSTAT).
Greece raised lower than expected amount from 3-year bond issue, yield at the high end
Following Wednesday’s press release revealing that Greece has mandated international banks for a benchmark bond issue, the Finance Ministry (MoF) announced on Thursday that Greece sold a 3-year bond in a principal amount of 1.5 billion euros at a yield of 3.5 percent.
Greek jobless rate remains stuck at 27.3 pct for third month
The seasonally adjusted jobless rate remained unchanged for the third successive month at 27.3 percent in April, according to the Hellenic Statistical Agency (ELSTAT).
Industrial production rises again in May, by 1.8 pct, after two months of decline
The Greek Industrial Production Index (IPI) rose 1.8 percent in May, following a drop of 2.1 – 2.3 percent in the preceding two months, according to the Hellenic Statistical Authority (ELSTAT).
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Greece prepares for a 3-year benchmark bond issue
The Greek Finance Ministry confirmed on Wednesday that it has mandated international banks for a forthcoming 3-year benchmark bond issue under English law. According to the announcement, the transaction is expected to be launched and priced in the near future subject to market conditions.
Car registrations surge by 46.3 pct in June thanks to tourism, consumer confidence
The number of road motor vehicles (going into circulation for the first time) continued showing strong growth of 46.3 percent in June, after increasing by 48.7 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Decline in Greek CPI slows to 1.1 pct in June after sharper fall in May
The Consumer Price Index (CPI) fell 1.1 percent in June, decelerating from the 2 percent drop in May, the Hellenic Statistical Authority (ELSTAT) said on Wednesday.