Economy
Greek stocks down by 8.9 pct over week amid concerns of slow review
Greek shares slumped 8.9 percent this week largely on lack of progress in negotiations with the institutions and concerns the conclusion of the review could be delayed until April.
Drop in trade deficit accelerates to 14.3 pct in Dec on faster fall in imports
Greece’s trade deficit declined at an accelerating pace of 14.3 percent in December from 1.8 percent in November, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
EC sees resilience in Greek economy, urges additional measures in 2016 and 2017
In its winter economic forecasts published on Thursday, the European Commission (EC) aligned its GDP estimates with those incorporated in Greece’s 2016 budget calling for GDP growth in 2015 and contraction of 0.7 percent in 2016.
Time deposit rate almost stable in December, average loan rate rises 17 bps
Greek households’ new time deposit rate rose by 1 basis point to 1.02 percent in December, Bank of Greece (BoG) figures showed on Thursday.
Labour Ministry 2015 data shows increase in employment, marginal drop in average wage
The Labour Ministry published on Tuesday the annual report of its information system (Ergani) providing detailed figures on mostly private sector companies and their workers.
High unemployment, falling wages damaged sustainability of largest Greek pension fund
Employees insured with IKA, the largest main social security fund in Greece, lost more than 10 billion euros in annual wages over the last 5 years, according to the Federation of IKA employees (POSE-IKA).
PMI at 50 points in Dec as manufacturing shows signs of stabilisation
Greece’s Manufacturing PMI slightly fell to 50 points in January from 50.2 in December, Markit survey showed on Monday.
Unpaid social security contributions hit 15.35 bln at end of 2015
Unpaid social security contributions rose by 462 million euros quarter on quarter (QoQ) to 15.35 billion at the end of fourth quarter (Q4) of 2015.
Greek stocks rise by 3.5 pct after three weeks of decline in 2016
Τhe Greek stock market rebounded 3.5 percent this week but on thinner volumes, after cumulative losses of 15.4 percent in the first three weeks of the year.
Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln
Greek bank credit contraction slowed to 2 percent in December from 2.2 percent in November, Bank of Greece (BoG) data showed on Friday.