Economy
Greek credit contracts again in April but at slightly lower rate of 3.7 pct
The year on year (YoY) credit contraction in the Greek market decelerated to 3.7 percent in April from 4.1 percent in March, with balances easing to 215.14 billion euros, according to the Bank of Greece (BoG).
Greek deposits edge up for second month in April, reach 161.3 bln
Greek private sector deposits increased 0.2 percent month on month (MoM) in April, with balances reaching 161.3 billion euros, according to the Bank of Greece (BoG).
Greek economic sentiment for May at highest point since August 2008
Greece’s economic sentiment improved by 3.7 points to 99.1 in May, after falling by 2.1 points in April, according to the European Commission (EC).
New obstacle for privatisations as court blocks sale of water firm
Greece’s highest administrative court has blocked the sale of the Athens water company, raising new questions about whether the government can meet its revised privatisation targets.
Significant post-election economic challenges await Greek coalition
The European Parliament elections on Sunday handed SYRIZA a historic victory but the overall results are unlikely to force snap polls at this moment.
Greek trade deficit increases by 14.7 pct in March
Greece’s trade deficit continued heading north for the second successive month rising by 14.7 percent in March, according to the Hellenic Statistical Authority (ELSTAT).
Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall
Greece’s budget execution showed a primary surplus of 1.05 billion euros in the first four months of 2014 from a primary deficit of 306 million last year, according to the final figures released by the Ministry of Finance (MoF) on Friday.
Fitch upgrades Greek credit rating to B with stable outlook
As previously rumoured, Fitch upgraded on Friday Greece’s rating by one notch to ‘B’ from ‘B-‘ with a stable outlook, yet still remaining in the non-investment grade.
Greece's C/A deficit for March drops sharply to 44.4 mln
Greece's March current account (C/A) deficit shrank to 44.4 million from 1.24 billion last year, according to the Bank of Greece (BoG).
Central gov't cash deficit shrinks to 1.27 bln in April
Greece’s central government net balance to April on a cash basis showed the deficit shrinking to 1.27 billion euros, 4 billion lower than a year earlier, according to the Bank of Greece (BoG).