Economy
Government eases capital controls further, aiming to restore depositor confidence
Following pledges earlier in the month, the government has now further relaxed the capital controls imposed last summer.
S&P affirms Greece’s rating with stable outlook
As was broadly expected, S&P affirmed on Friday afternoon Greece’s ‘B-/B’ ratings, while the outlook remains stable.
Greek stocks rebound for second straight week and edge up 2.5 pct
The Greek equity market traded mostly in positive territory this week, ending 2.5 percent higher, even though banks underperformed.
Travel receipts drop at an accelerating pace of 10.4 pct in May despite growth in arrivals
Greece's travel receipts headed south for the second straight month dropping at an accelerating pace of 10.4 percent in May from 7 percent in April, Greece (BoG) figures showed on Friday.
Disposable income drops 1.8 pct in Q1 on rise in taxes and social contributions
Greek household disposable income fell by 1.8 percent in the first quarter (Q1) of 2016 after a short-lived modest rise by 0.3 percent in Q4 2015, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Primary cash surplus more than doubles to 2.8 bln in first half of 2016
Greece’s central government primary cash surplus widened to 2.76 billion euros in the first half of 2016 from 1.3 billion a year ago, accoding to Bank of Greece (BoG) figures published on Friday.
Current account deficit widens to 412 mln in May
Greece's current account (C/A) deficit almost tripled to 411.6 million euros in May from 139.9 million last year, Bank of Greece (BoG) figures displayed on Thursday.
Increase in overdue contributions accelerates to 831 mln in Q2 as total reaches 16.6 bln
The rate of increase in unpaid social security contributions (SSCs) almost doubled quarter on quarter (QoQ) to 831 million in Q2 from 429 million in the previous quarter.
Sallas exit from Piraeus marks end of era in Greek banking sector
Michalis Sallas, the non-executive chairman of Piraeus Bank, resigned during a Board of Directors (BoD) meeting on Wednesday afternoon, marking the end of an era in the Greek banking sector.
Parliament's budget office sees risks to economic recovery
In its latest quarterly report, the Parliamentary Budget Office (PBO) calls for swift and consistent implementation of the third bailout programme since it concludes there is no alternative route to economic growth.