Economy
Greek deposits almost unchanged at 164.3 bln in November
Greek private sector deposits dropped for the second successive month in November, edging down by by 0.1 percent month on month (MoM) with their balances landing at 164.3 billion euros, according to the Bank of Greece (BoG).
Contraction in Greek credit eases slightly to 3 percent in November
The rate of drop in Greek bank credit decelerated for the second straight month in November, falling to 3 percent from 3.2 percent in October, according to the Bank of Greece (BoG).
Greek stocks, bond yields feel impact of Parliament's failure to elect president
The Greek stock market fell 3.91 percent on Monday following a volatile session in the aftermath of Parliament failing to elect a president and snap elections being called for January 25.
Snap elections in Greece bring state's liquidity constraints into focus
The failure to elect a president in Greece, triggering snap elections early in 2015, brings into sharp focus the issue of what liquidity is available to the Greek state and any government that is formed next year.
Greek trade deficit shrinks by 4.4 pct in October on back of strong exports
After a sharp rise by 34.2 percent in September, Greece’s trade deficit narrowed by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT).
Greek travel receipts continued upward course in October, rising by 4.6 pct
Greece's travel receipts advanced for the fifth straight month, albeit at a much slower growth rate, by 4.6 percent to 993 million euros in October, according to the Bank of Greece (BoG).
Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln
Greece’s budget execution posted a primary surplus of 3.57 billion euros in the 11-month period, according to the Finance Ministry (MoF) final budget bulletin.
Sharp monthly rise in unpaid taxes to 1.59 bln for November
Greece’s unpaid taxes jumped to 1.59 billion euros in November from 1.22 billion in October, according to data released on Monday by the General Secretariat of Information Systems (GSIS).
Greek current account balance turns negative in October after four month of surpluses
After posting a surplus in the preceding four months, Greece's current account (C/A) balance turned negative in October with a deficit of 199 million euros, according to the Bank of Greece (BoG).
Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
In an unusual move by the standards of the Greek banking sector, Piraeus Bank has announced an agreement with leading global investment firm KKR for the transfer and securitisation of 1.2 billion of non-core assets to a new structure managed and controlled by KKR Credit and serviced by Piraeus.