Economy
Greek shares up for the third straight week on strong performance from banks
The Greek stock market headed north for the third successive week posting gains of 3.9 percent mainly driven by banks (+18.6 percent), which continued recording strong gains for the third week in a row.
Disposable income slips 1.6 pct in Q2 on higher income and wealth taxes
After rising in the preceding three quarters, Greek household disposable income fell by 1.6 percent in the second quarter (Q2) of 2015, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Growing hopes that Greek recession will be milder than expected
The Greek government as well as local banks and economic think-tanks are hopeful that this year’s recession will be milder than the country’s lenders expectations in mid-August.
Travel receipts rebound by 7.3 pct in August, partly reflecting higher spending per trip
Greece's travel receipts rose by 7.3 percent in August, more than double the previous month’s rate of 3.5 percent, Bank of Greece (BoG) figures indicated on Thursday.
NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
Following Eurobank and Piraeus, National Bank of Greece (NBG) published on Wednesday its trading update for the second quarter (Q2), providing the evolution of the key P&L and balance sheet items, excluding those related to loan provisions, after tax earnings and capital.
Updated ELSTAT figures point to minor differences on fiscal data, slight rise in debt ratio
In its second notification on fiscal data, the Hellenic Statistical Authority broadly confirmed the fiscal and debt figures for the 2011 – 2014 period with those disclosed last April.
Current account balance shows a surplus for third straight month, at 2.09 bln in August
Greece's current account (C/A) balance displayed a surplus of 2.09 billion in August 2015, up by 12.5 percent from last year’s figure, Bank of Greece (BoG) data showed on Wednesday. This year’s figure indicates a C/A surplus for the third straight month.
Credit standards for corporate loans tightened again in Q3
Credit standards for corporate loans tightened quarter on quarter (QoQ) for the second successive quarter, Bank of Greece (BoG) bank lending survey (BLS) data showed for the third quarter (Q3) of 2015.
Tax arrears jump to 1.47 bln in Sept as total for year reaches 8.39 bln
Greece’s new unpaid taxes rose by 1.47 billion in September, which is more than the double the 645 million rise in August, General Secretariat of Information Systems (GSIS) data showed on Tuesday.
Industrial turnover dives 18.3 pct in Aug for highest drop in almost 5 years
Greece’s Turnover Index in Industry continued heading south for the tenth successive month in August, when it fell at an accelerating pace of 18.3 percent from 15.4 percent in July, Hellenic Statistical Authority (ELSTAT) data displayed on Tuesday.