Economy
Eurosystem funding falls by 4.56 bln in June to 16.31 bln
Greek banks’ Eurosystem funding declined substantially in June, falling by 4.56 billion month-on-month (MoM), the Bank of Greece's (BoG) monthly financial statement has revealed.
PPC drafts five-year strategic business plan aimed at halting slide
Greece’s majority state-owned Public Power Corporation (PPC) has revealed its strategic five-year business plan, which was put together with the assistance of the consultancy firm McKinsey.
Employment balance records 33,620 more hirings than departures in June
The employment balance remained in positive territory in June with 33,620 more hirings than departures, data from the Labour Ministry’s Ergani information system revealed.
Pension cuts dominate discussion as eurozone prepares to release final bailout tranche
Ahead of the rubber-stamping of Greece’s post-programme surveillance and Friday’s Eurogroup, the discussion about next year’s pension cuts is continuing.
Car sales up by 28.4 pct in June and 28.8 pct in first six months of the year
Road motor vehicles going into circulation for the first time rose by 28.4 percent in June Hellenic Statistical Authority (ELSTAT) data showed on Tuesday, picking up pace from the increase of 18.7 percent in May.
Industrial production grows by 1 pct in May, up by 0.2 pct in first five months of the year
Greece’s Industrial Production Index (IPI) rose by 1 percent in May, slowing from an upward revised increase of 2 percent in April, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday.
CPI rises by 1 pct in June, staying positive for third month
Greece’s Consumer Price Index (CPI) rose by 1 percent in June following an increase of 0.6 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Draghi sets out QE obstacles facing Greece
European Central Bank president Mario Draghi confirmed on Monday that Greece has little chance of being included in the QE programme.
S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
Rating agency Standard & Poors announced on Friday that it had upgraded bonds issued by Piraeus Bank and the National Bank of Greece (NBG) to “investment grade”.
Trade deficit down by 15.8 pct in May on reduced imports, higher exports
Greece’s trade deficit fell by 15.8 percent in May, picking up pace from April’s drop of 4.6 percent, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.