Economy
Drop in industrial turnover continues in January, at faster pace of 16 pct
The Turnover Index in Industry fell for the third successive month in January, at an accelerating pace of 16 percent from 7.7 percent in December, according to the Hellenic Statistical Authority (ELSTAT).
Greek current account deficit widens to 847 mln in Jan as exports fall further
Greece's current account (C/A) deficit widened to 847 million euros in January 2015, more than 2.5 times higher than the previous year, according to the Bank of Greece (BoG).
After paying IMF, Greece looks to cover remaining funding needs for March and April
Τhe government has covered a large part of its funding needs for March, which mainly comprised of 1.5 billion euros in payments to the International Monetary Fund and the rollover of 4.6 billion euros worth of T-Bills.
Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
Piraeus Bank reported net losses of 332 million euros the fourth quarter (Q4) of 2014 from 1.56 billion in Q3, which were exceptionally high due to a sharp rise in impairment losses to 2.24 billion.
Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
Alpha Bank posted an increase in net losses to 440.2 million euros in the fourth quarter (Q4) of 2014 from 156.9 million in Q3.
Gov't adopts patchwork of measures to overcome liquidity problems
Overcoming a lack of liquidity and covering its funding needs until June are fast dominating the governments economic policy agenda.
Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it
The Finance Ministry (MoF) tabled in Parliament on Wednesday evening the draft bill for the “rebooting of the economy”, which mainly includes the government’s intervention for the settlement of tax and social security contribution (SSC) arrears.
Growing uncertainty weighs on Greek shares and bonds
The Greek stock market plunged 4.13 percent on Wednesday amid growing distance between Greece and its lenders and worsening climate emerging from the recent comments of leading European officials.
In potential clash with lenders, SYRIZA wants to use privatistion receipts to fund social policies
Speaking ιn Parliament yesterday the Alternate Finance Minister Nadia Valavani announced the creation of a new Public Wealth Fund, which will incorporate the Hellenic Republic Asset Development Fund (HRADF) and various public asset management agencies such as the Public Properties Company (ETAD).
Greece sees lower primary surplus at 0.3 pct for 2014, fiscal challenges remain
The Finance Ministry (MoF) said in a press release on Monday evening that the primary surplus for 2014 reached 0.3 percent of GDP, according to Greece’s Economic Adjustment Program (EAP) methodology.