Economy
The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
Greece has to achieve a primary surplus target of 0.5 percent of GDP in 2016, according to the agreement reached with institutions last summer.
![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/]")
After dire 2015, Greek stocks get off to rocky start in 2016
Greek shares started the year with losses of 7.2 percent this week amid the turmoil that prevailed in the global markets largely due to worries related to the Chinese economy and geopolitical concerns.
Time deposit rate eases by another 5 bps in Nov, average loan rate drops 16 bps
Greek households’ new time deposit rate eased by 5 another basis points (bps) to just above the 1-percent mark in November, Bank of Greece (BoG) figures showed on Friday.
Industrial production rises by 1.8 pct in November
Greece’s Industrial Production Index (IPI) resumed an upward trend in November, when it rose by 1.8 percent following a drop of 1.9 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
General government primary cash surplus widens notably to 5.14 bln at end of Nov
Greece’s general government (gg) primary cash surplus widened further in November, increasing by almost 40 percent to 5.14 billion euros in the 11-month period of 2015 from 3.68 billion during the same period a year earlier, the Finance Ministry (MoF) gg bulletin showed on Thursday.
Unemployment edges down to 24.5 pct in Oct, lowest since May 2012
Greece’s seasonally adjusted unemployment rate continued its slight downward trend easing to 24.5 percent in October from 24.6 percent in September, the Hellenic Statistics Authority (ELSTAT) latest figure displayed on Thursday.
Economic sentiment and consumer confidence improve in Dec
After remaining stable in November, Greece’s economic sentiment (ESI) edged up by 0.6 points to 87.1 in December, European Commission (EC) figures revealed on Thursday.
Trade deficit slips by 1.8 pct in Nov on higher drop in exports
Greece’s trade deficit fell by 1.8 percent in November after a short-lived rise of 17.3 percent in October, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Gov't hits back as pension reform row heats up
The government has hit back in the public relations battle over its proposed pension reforms by trying to rebut criticism from New Democracy point-by-point.
Gov't submits reform plan that raises contributions and cuts future pensions
The government disclosed on Monday afternoon its final proposal for a unified social security system, which was sent to the institutions ahead of the first programme review later this month.