Economy
Drop in Greek industry's turnover index slowed to 4.1 pct in Jan
The drop in Turnover Index in Industry decelerated to 4.1 percent in January from a double-digit decline in the preceding three months, according to the Hellenic Statistical Authority (ELSTAT). The headline figure continued heading south for the fifth straight month.
S&P dashes Greece's hopes for an upgrade
Despite initial government expectations for an upgrade, Standard and Poor’s (S&P) affirmed today Greece’s rating at ‘B-/B’ and stable outlook.
![Photo by Can Esenbel [http://www.mundanepleasure.com/]](resources/toolip/img-thumb/2013/10/16/stocks2_economy_esenbel-medium.jpg "Photo by Can Esenbel [http://www.mundanepleasure.com/]")
Buoyed by troika deal, Greece aims for rapid return to bond markets
After announcing on Tuesday that Greece and the troika had concluded the latest review of the Greek economic adjustment programme Prime Minister Antonis Samaras is now training his sights on a return to international bond markets.
Greek banks' Eurosystem funding down for second month in a row in Feb
Greek banks’ Eurosystem funding eased for the second straight month by 2.85 billion in February, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure settled at 67.99 billion, below the 70-billion mark for the first time since March 2010.
Central government primary cash surplus at 1.7 bln to February
Greece’s central government net balance to February on a cash basis showed a surplus of 221 million from deficit of 1.4 billion last year, according to the Bank of Greece (BoG).
At the same time, the primary cash balance turned also positive posting a surplus of 1.68 billion from deficit of 188 million last year.
Unemployment closes 2013 with new high of 27.5 pct in last quarter
The non-seasonally-adjusted unemployment rate rose to 27.5 percent in Q4, after marginally easing by 0.1 percentage points to 27 percent in Q3, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production up 1.1 pct in Jan, first consecutive rise since Aug 2007
The Greek Industrial Production Index (IPI) showed an increase of 1.1 percent for the second straight month in January, following a 0.5 percent rise in December, according to the Hellenic Statistical Authority (ELSTAT).
Building activity nosedived for the fourth straight year, down 27.6 pct in 2013
Following a temporary jump by 36.2 percent in November, Greek building activity (as measured by the number of building permits) resumed a negative trend in December diving by 29.6 percent according to the Hellenic Statistical Authority (ELSTAT).
Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year
Greek non-seasonally-adjusted GDP contracted 2.3 percent in the fourth quarter of 2013, which was 0.3 percentage points better than the flash estimate released a month ago indicating a 2.6 percent drop, according to provisional data published by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Primary surplus at 2.1 bln in Feb, ahead of budget execution target
Greece’s budget execution showed a primary surplus of 2.1 billion euros to February, more than five times higher than the 487 million posted in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF) on Tuesday.