Economy
Severe underspend covers lower revenues for end-May primary surplus
Greece’s budget execution showed that the 5-month primary surplus more than doubled to 1.51 billion euros from 707 million in the corresponding period last year, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday.
Bank of Greece warns of dangers in failure to reach deal with lenders
In its biannual Monetary Policy report published on Wednesday, the Bank of Greece (BoG) makes clear its belief that it is of paramount importance that the Greek government conclude an agreement with official lenders, describing it is a “historical imperative the country cannot afford to ignore.”
Greek stocks down by 4.77 pct as bond yields head further north
The Greek stock market plunged for the third straight day on Tuesday, when it fell by 4.77 percent in the absence of any interest in Greek shares as investors believe that an agreement with lenders seems far for being reached at the moment.
Greek stocks dive by 4.7 pct as bond yields climb on absence of deal with lenders
Following a nosedive of 5.9 percent on Friday, Greek shares remained deeply in the red on Monday as they recorded further losses of 4.7 percent.
A closer look at Greece's revised proposals to lenders
Kathimerini daily revealed on Monday the revised proposal the Greek government representatives presented to the institutions during the weekend.
Most services in Greece see turnover improve in Q1
The evolution of the turnover indices for the services sector displayed an improvement for the second consecutive quarter in Q1 2015, with 11 out of 14 service activities posting a rise, according to the Hellenic Statistical Authority (ELSTAT).
Another week of losses for Greek stock market amid topsy-turvy ride
The Greek stock market remained in the red for the third successive week, recording losses of 1.5 percent this week.
Building activity rises again in March as permits increase by 19.1 pct
Greek building permits rose for the second successive month in March, when they increased by 19.1 percent compared to the 10.2 percent rises recorded in February, according to the Hellenic Statistical Authority (ELSTAT).
Unemployment edges up for second consecutive quarter in Q1, reaches 26.6 pct
The non-seasonally-adjusted unemployment rate continued heading north for the second successive quarter to 26.6 percent in the first quarter (Q1) of 2015 from 26.1 in Q4 2014, according to the Hellenic Statistical Authority (ELSTAT).
S&P moves Greece down a notch to CCC, maintains recession forecast
S&P unexpectedly lowered on Wednesday Greece’s rating by one notch to ‘CCC’ from ‘CCC+’, where it had been placed on April 15. The outlook remains negative.