Economy
Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
Piraeus became on Wednesday the third Greek bank to report a net loss in Q4 of 2015 after declaring a profit in Q3.
Eurosystem funding slips by further 1.9 bln to 104.2 bln in Feb
Greek banks’ Eurosystem funding continued heading south for the eighth straight month in February, when it dropped by 1.86 billion to 104.23 billion, the Bank of Greece's (BoG) monthly financial statement showed on Wednesday.
Trade deficit drops 5.1 pct in January, exports down 8.1 pct
Greece’s trade deficit fell at a decelerating pace by 5.1 percent in January from 14.3 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Turnover in the tourism sector falls 8 pct in Q4, first negative reading since Q1 2013
The Turnover Index in Accommodation and Food Services dropped by 8 percent year on year (YoY) in the fourth quarter (Q4) of 2015 from a revised rise by 5.2 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures displayed on Wednesday.
Net job hirings of 14,437 in the Greek private sector in February
The employment balance displayed net hirings of 14,437 in February, down by 687 from last year’s figure of 15,124, the Labour Ministry’s information system (Ergani) data showed on Tuesday.
Bailout review to continue in Athens, lenders identify key tasks ahead
The Eurogroup held in Brussels on Monday concluded that the institutions’ mission chiefs will return to Athens as soon as Tuesday to resume discussions on the ground with the aim of a swift conclusion of the first programme review by Easter.
Car sales down 17 percent in February
After rising in the preceding three months, the number of road motor vehicles (going into circulation for the first time) fell by 17 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Greece’s central government debt grew for the third successive quarter in Q4 of 2015 by 6.78 billion euros to 321.33 billion from 314.55 in Q3, according to the Finance Ministry (MoF) debt bulletin.
Greek stocks surge 9 pct, up for third successive week
The Greek equity market headed north for the third straight week soaring by 9 percent on the back of a 5.5 percent rise last week.
General gov't primary cash surplus climbs to 1.3 bln in Jan, arrears resume upward trend
Greece’s general government (gg) primary cash surplus more than tripled to 1.27 billion euros in January 2016 from 381 million last year, according to the Finance Ministry (MoF) gg bulletin published on Thursday.