Economy
Primary surplus narrows to 2.4 bln in October as revenues miss target
Greece’s budget execution showed the primary surplus narrowing to 2.41 billion euros in the 10-month period from 2.53 billion in the 9-month, according to the preliminary data released by the Ministry of Finance (MoF).
Greek jobless rate dips below 26 pct in August for first time in two years
The seasonally adjusted jobless rate further eased to 25.9 percent in August from a downward revised 26.1 percent in July, according to the Hellenic Statistical Agency (ELSTAT).
Among euro area SMEs, Greeks face most problems with access to finance
Almost one third of Greek small and medium-sized enterprises (SMEs) named “access to finance” as the most pressing problem, according to an ECB survey on this subject conducted between April – September 2014.
Greek banks' Eurosystem funding rises by 1.28 bln in October after five-month fall
Following a drop in the preceding five months, Greek banks’ Eurosystem funding rose by 1.28 billion euros in October, according to the Bank of Greece's (BoG) monthly financial statement.
Rate of drop in building activity increases to 19.9 pct in August
Τhe number of building permits issued in Greece fell at a faster pace in August, dropping by 19.9 percent after an 8 percent drop in July, according to the Hellenic Statistical Authority (ELSTAT).
What does a bailout exit with a precautionary credit line mean for Greece?
Eurogroup President Jeroen Dijsselbloem announced after the November 6 Eurogroup that “there is a strong support for a precautionary credit line in a form of Enhanced Conditions Credit Line (ECCL).” But what does this mean for Greece?
Tourist arrivals up 23.5 pct in October as 2014 overall target rises to 23 mln
International tourist arrivals at Greece’s main airports surged 23.5 percent to 1.04 million in October, according to the provisional data released by the Association of Greek Tourism Enterprises (SETE).
Car sales still going strong in 2014; up by 33.7 pct in October
Τhe rate of growth in the number of road motor vehicles going into circulation for the first time at dipped to 33.7 percent in October from 44.3 percent in September, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production falls by 5.1 pct in September for seventh straight drop
The Greek Industrial Production Index (IPI) posted a decline for the seventh successive month in September, dropping by 5.1 percent following an upward revised 5.9 percent decrease in August, according to the Hellenic Statistical Authority (ELSTAT).
Greek deflation shoots up to 1.7 pct in October
The Greek economy showed deeper deflation of 1.7 percent in October from 0.8 percent in September, according to the Hellenic Statistical Authority (ELSTAT).