Economy
Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln
The year on year (YoY) credit contraction in the Greek market further decelerated to 3.5 percent in May from 3.7 percent in April, with balances easing to 214.35 billion euros, according to the Bank of Greece (BoG).
Retail sales up 3.9 pct in April for first positive YoY reading since 2010
The turnover of Greece’s retail trade index rose 3.9 percent year on year (YoY) in April from a revised -3.8 percent recorded in March, according to the Hellenic Statistical Agency (ELSTAT).
Deposits rise for third straight month in May, reaching 162.1 bln
Greek private sector deposits rose 0.4 percent month on month (MoM) in May, with balances reaching 162.1 billion euros, according to the Bank of Greece (BoG).
Wages index edges up YoY in Q1 after sinking by 24.8 pct since 2010
The seasonally adjusted Wages Index rose 0.6 percent year on year (YoY) in the first quarter (Q1) of 2014, while it dropped 2.3 percent quarter on quarter (QoQ) over Q4 2013, according to the Hellenic Statistical Authority (ELSTAT).
Greek economic sentiment breaks through 100-point mark for first time since 2008
Greece’s economic sentiment improved by another 4.6 points in June to reach 103.7, May, according to the European Commission (EC).
Unpaid taxes keep rising, tax audits short of targets
Greece’s unpaid taxes rose by 873 million in May at a slightly accelerating pace compared to the 763 million recorded in April, according to data provided by the General Secretariat of Information Systems.
Greek trade deficit rises further in April as exports fall by 20.8 pct
Greece’s trade deficit rose for the third straight month at an accelerating pace of 17.2 percent in April after increasing by 14.7 percent in March, according to the Hellenic Statistical Authority (ELSTAT).
Greek primary budget surplus at 707 mln as revenues beat target in May
Greece’s budget execution showed a primary surplus of 707 million euros in the 5-month period from a primary deficit of 970 million in the corresponding period last year, according to the final data released by the Ministry of Finance (MoF) on Tuesday.
Greece edges towards sale of Public Power Corporation spin-off
Greece is a step closer to completing one of the six prior actions for the disbursement of the EU June sub-tranche of 1 billion euros, which relates to the is the legislation for the sale of a 30 percent stake in the Public Power Corporation (PPC) capacity and its client base (small PPC).
Greece sees travel receipts shoot up by 35.8 pct in April
Greece's April travel receipts increased sharply by 35.8 percent to 411 million euros from 303 million last year, according to the Bank of Greece (BoG).