Economy
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.
Greek gov't targets unpaid social security contributions: The numbers involved
The government recently tabled for public consultation a draft bill on the settlement of unpaid tax and social security contributions (SSC). Both interventions are among the government’s key priorities to boost revenues and reverse the negative trend in both areas.
Greek central gov’t cash surplus shrinks 70 pct to 503 mln by February
Greece’s central government primary cash balance showed a surplus of 503 million in the first two months of 2015 down by 70 percent on last year’s figure of 1.68 billion, according to the Bank of Greece (BoG).
Primary surplus at 1.24 bln in Feb on lower spending and recovering revenues
Greece’s budget execution showed the year to date primary surplus stood at 1.24 billion euros in February, which means it is down 40 percent but the underperformance has been trimmed to just 168 million from 1.37 billion in January, according to the Finance Ministry (MoF) preliminary budget bulletin published on Friday.
Turnover in services sector shows improvement in Q4 2014
Following a worsening in the prior three quarters, the evolution of the turnover indices for the services sector showed a marked improvement in the fourth quarter (Q4) of 2014.
Greek banks' Eurosystem funding at 13-month high of 104.2 bln in Feb as ELA rises
As expected, Greek banks’ Eurosystem funding climbed by another 16.77 billion euros month on month (MoM) to 104.25 billion at the end of February from 87.48 billion in January, according to the Bank of Greece's (BoG) monthly financial statement published on Thursday.
Building activity declines at slower rate of 6.4 pct in Dec
The rate of decline in the number of building permits issued slowed to 6.4 percent in December from 30.9 percent in November, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production index inches upward in Jan following largely negative trend
The Greek Industrial Production Index (IPI) marginally rose by 0.1 percent in January after a downward revised 3.2 percent drop in December, according to the Hellenic Statistical Authority (ELSTAT).
Here's why Greece's fiscal difficulties will dominate the agenda
Apart from Greece’s funding needs and the means by which they will be covered until the disbursement of the pending bailout tranches of 7.2 billion euros, another pressing issue that will be closely monitored after technical discussions between Greece and the institutions began in Brussels on Wednesday is that of the fiscal performance and outlook for this year.