Economy
Decline in CPI slows slightly to 1.3 pct in April
Τhe Greek Consumer Price Index (CPI) dropped at the slightly slower rate of 1.3 percent in April from a 1.5 percent decline in March, according to Hellenic Statistical Authority (ELSTAT) data published on Tuesday.
General gov't primary cash surplus widens to 3.2 bln in March, arrears jump to 6.7 bln
Greece’s general government (gg) primary cash surplus almost tripled to 3.22 billion euros in the first quarter (Q1) of 2016 from 1.1 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday.
Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
The bill on pension and income tax reforms voted by all 153 coalition MPs on Sunday evening included a couple of amendments to the initial draft bill tabled in Parliament on April 19.
Greek stocks climb 3.8 pct during week amid increasing optimism on swift agreement
The Greek stock market climbed 3.8 percent this week amid improving sentiment an agreement between Greece and its lenders could be reached soon. The strong rebound was also accompanied with increased trading activity.
Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting
The extraordinary Eurogroup on Monday is due to discuss the state of play of the programme review as well as the sustainability of Greece’s debt. The thorniest issue at the moment appears to be the contingency measures worth 2 percent of GDP the IMF is insisting they have to be detailed and legislated before the conclusion of the review.
Ministry's actuarial study shows the devastating impact of the crisis on the pension system
The Labour Ministry published on Thursday the long-awaited actuarial study that accompanies the pension reform outlining the key factors that had a negative impact on the sustainability of the Greek pension system.
A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
Although Greece and its lenders are continuing to debate how to set up an extra 2 percent of GDP in fiscal measures so they are on standby if primary surplus targets are missed next year or in 2018, there appears to be agreement between all sides on the basic package of 3 percent of GDP in spending cuts and tax hikes that will apply immediately.
OTE Group profits drop in Q1
The Hellenic Telecommunications Organization S.A (OTE Group) has released its unaudited results for Q1 2016, showing that fixed line revenues increased by 1.7 percent compared to the same quarter in 2015, registering a figure of 378.9 million euros compared to 372.4 million euros last year.
Corporate lending rates fell in March, time deposit rate slightly down to a new low of 0.88 pct
Greek households’ new time deposit rate eased for the third straight month, albeit modestly, by 3 basis points (bps) to 0.88 percent in March, Bank of Greece (BoG) data displayed on Wednesday.
PMI edges up to 49.7 in Apr, highest reading in last three months but concerns remain
Greece’s Manufacturing PMI rebounded for the second straight month by 0.7 points to 49.7 in April, Markit survey displayed on Wednesday.