Economy
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.
Court orders 2012 pension cuts to be reversed, costing up to 1.5 bln
The Council of State (CoS), Greece's highest administrative court, has published a decision that orders the government to restore basic and supplementary pensions to their 2012 levels.
Greek CPI falls by 2.1 pct in May, same as April
The rate of drop in the Greek consumer price index (CPI) was unchanged in May, when it remained at 2.1 percent for the second consecutive month, according to the Hellenic Statistical Authority (ELSTAT).
Improving car sales in Greece continue with 27.9 pct rise in May
Τhe number of road motor vehicles (going into circulation for the first time) continued posting strong growth of 27.9 percent in May after surging by 47.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production up again in April but at slower rate of 0.4 pct
Greece’s Industrial Production Index (IPI) increased for the third straight month in April, albeit at a decelerating pace of 0.4 percent in April after an upward revised 5.3 percent growth in March, according to the Hellenic Statistical Authority (ELSTAT).
Greek trade deficit up 6 pct in April despite growth in exports
Greece’s trade deficit increased for the second successive month in April, when it rose by 6 percent after a 6.9 percent rise in March, according to the Hellenic Statistical Authority (ELSTAT).