Economy
Rise in new tax arrears slows to 881 mln in March, total stock edges up to 87.5 bln
Greece’s new unpaid taxes rose again March but at a slower pace of 881 million euros compared to 1.3 billion euros in February, according to General Secretariat of Information Systems (GSIS) data published on Tuesday.
Disposable income edges up by 0.2 pct in Q4 on second straight rise in compensation of employees
Greek household disposable income recorded a rise of 0.2 percent in the fourth quarter (Q4) of 2015 from a revised drop of 2.8 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
Demand for hospitals' reserves raises concerns about govt's liquidity position
Fresh concern about the government’s liquidity position have been raised after the Health Ministry sent a letter to hospitals on April 21 demanding that they transfer their cash reserves to a special account at the Bank of Greece (BoG).
Pension and income tax reform bill sets out 4.4 bln in new measures
The government tabled in Parliament on Friday evening the bill containing the pension and income tax reforms it had put to public consultation a few days earlier.
Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
Greece’s budget primary surplus in the first quarter of 2016 was confirmed at 2.67 billion euros, which was 940 million higher than last year’s figure of 1.73 billion, according to the Finance Ministry’s final budget bulletin.
Stocks surge 5.4 pct during week amid hopes for swift conclusion of review
The Greek stock market traded in positive territory this week in almost all the sessions, ending the week up 5.4 percent as the investor sentiment improved in the aftermath of progress in most areas of the first programme review.
Travel receipts drop 6.7 pct in Feb, balance turns to deficit of 3.8 mln
Greece's travel receipts fell for the second straight month in February, when they declined by 3.8 percent to 133.7 million euros in February, Bank of Greece (BoG) figures showed on Thursday.
Greek 2015 primary surplus at 0.7 of GDP under programme method as Athens looks for boost
Greece’s statistical authority (ELSTAT) released on Thursday the final fiscal figures for the 2012 – 2015 period based on the ESA 2010 methodology.
Overdue contributions rise by 429 mln to 15.78 bln in Q1
Unpaid social security contributions increased by another 429 million euros quarter on quarter (QoQ) to 15.78 billion at the end of the first quarter (Q1) of 2016, the quarterly bulletin of the Center for the Collection of Social Security Arrears (KEAO) displayed on Wednesday.
Elektroniki’s bankruptcy reflects struggles of consumer electronics sector
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Last week, electronics retail chain Elektroniki Athinon declared bankruptcy, citing a combination of a drop in demand, the capital controls introduced last year and a lack of confidence in the Greek economy by foreign suppliers as causes.