Economy
Drop in disposable income accelerates to 3.3 percent in Q3
Greek household disposable income dropped at an accelerating pace of 3.3 percent in the third quarter (Q3) of 2015 from a revised 2.4 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures displayed on Monday.
S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
In an unexpected move, S&P upgraded Greece’s rating by one notch to ‘B-‘ from ‘CCC+’ on reform progress with a stable outlook.
Greek stocks down 4.2 pct over week on global and local concerns
Despite a rebound of 2.2 percent on Friday, the Greek stock market pared only a part of earlier losses ending the week down 4.3 percent amid turmoil in the global markets and concerns on the upcoming programme review.
Primary surplus beat target in 2015 on higher revenues and restrained spending
Greece’s budget primary balance was confirmed at 2.27 billion euros in 2015 from 1.87 billion in 2014, the Finance Ministry (MoF) final budget bulletin showed on Friday.
Travel receipts rise 16 pct in Nov as surplus soars 84.3 pct
Greece's travel receipts rebounded by 16 percent in November after a 4.1 percent drop in October, Bank of Greece (BoG) figures showed on Thursday.
Declared income falls 28.7 pct from 2011 to 2014, salaries and pensions suffer most
A total number of 8.52 million individuals declared annual net income of 73.93 billion euros in 2014, according to Finance Ministry (MoF) data reported in the local media.
Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation
Hellenic Republic Asset Development Fund said on Wednesday afternoon it accepted COSCO’s improved financial offer for the sale of 67 percent stake in Piraeus Port Authority (OLP).
Primary cash surplus improves 2.5 times to 3.49 bln in 2015
Greece’s central government primary cash surplus substantially improved by almost 2.5 times to 3.49 billion in 2015 from 1.42 billion in 2014, Bank of Greece (BoG) figures displayed on Wednesday.
Current account deficit at 1.22 bln in Nov, down 18.6 pct
After recording a surplus in the preceding five months, Greece's current account (C/A) balance posted a deficit of 1.22 billion euros in November down by 18.6 percent from last years’ figure, Bank of Greece (BoG) data displayed on Wednesday.
Where things stand on the Greek pension reform proposals
The submission of the government’s pension reform plan to the institutions on January 4 marked the start of the effort to settle perhaps the toughest issue in the first programme review.