Economy
New tax arrears rise by 832 mln in Oct to total of 10.38 bln in 2015
The rise in Greece’s new unpaid taxes slowed to 832 million euros in October from an upward revised 1.6 billion in September, General Secretariat of Information Systems (GSIS) data showed on Monday.
Greek banks complete book building: A recap of where we stand
Piraeus Bank became the last of the four Greek systemic banks to announce on Saturday afternoon that it has successfully concluded the book building process for its non-preemptive international institutional offering.
Greek stocks edge up in week of big losses for banks
The domestic market rebounded by 1 percent this week but the key development was the huge losses posted by the banking sector.
Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
The Finance Ministry (MoF) tabled the 2016 budget in Parliament on Friday.
Current account surplus widens to 838 mln in Sept on shrinking goods deficit
Greece's current account (C/A) surplus widened by 37.4 percent to 837.5 million euros in September 2015 from 609.8 million last year, Bank of Greece (BoG) data displayed on Friday.
Industrial turnover falls by 14.7 pct in Sept for eleventh straight drop
Greece’s Turnover Index fell at a slightly decelerating pace by 14.7 percent in September from a revised 18.1 percent drop in August, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Gov't submits multi-bill to pave way for next bailout tranches
Following the agreement reached with the institutions on Monday, the government tabled under the emergency procedure in Parliament on Tuesday evening the omnibus bill with the last set of pending prior actions.
Greek banks' capital actions underway, state aid seen as low as 4.7 bln
Following the submission of Greek banks’ capital actions to the Single Supervisory Mechanism (SSM) in the first week of November, the ECB body has approved a total amount of 654 million euros in capital mitigating actions, which reduces their capital shortfall accordingly.
Greece, lenders reach deal to secure bailout sub-tranche and bank recap funds
After discussions with Greece’s lenders throughout the day on Monday, Finance Minister Euclid Tsakalotos told reporters after midnight that the government had reached an agreement with the quadriga mission chiefs on all issues related to the prior actions for the disbursement of the next sub-tranche of 2 billion euros.
Eurosystem funding down by 2 bln in Oct for fourth straight fall
Greek banks’ Eurosystem funding continued heading south for the fourth straight month in October, when it eased by 2.01 billion euros from a 2.67 billion drop in September, the Bank of Greece's (BoG) monthly financial statement showed on Monday.