Economy
Greek wages index falls 1 pct in Q2, down 23.8 pct since 2010
After a short-lived year on year (YoY) rise of 2 percent in Q1, the seasonally adjusted Wages Index fell 1 percent in Q2, while it remained stable quarter on quarter (QoQ), according to the Hellenic Statistical Authority (ELSTAT).
Greek deposits up 0.6 pct to 164.23 bln in August, which sees year's highest inflows
Greek private sector deposits rose 0.6 percent month on month (MoM) for the sixth straight month in August, with balances reaching 164.23 billion euros, according to the Bank of Greece (BoG).
Credit in Greece contracts by 3.5 pct in August
The rate at which credit to the Greek private sector is contracting slightly eased to 3.5 percent in August from 3.7 percent in July, according to the Bank of Greece (BoG).
Greek trade deficit widens by 29.4 pct in July as import rate soars
The rate at which Greece’s trade deficit is expanding was back into double digits in July, when it increased by 29.4 percent from 7.4 percent in June, according to the Hellenic Statistical Authority (ELSTAT).
Greek primary budget surplus to August narrows to 1.95 bln on lower revenues
Greece’s budget execution showed the primary surplus narrowing to 1.95 billion in the 8-month period, according to the final data released by the Ministry of Finance (MoF). The surplus for the 7-month period had been 2.28 billion euros.
Greece sees travel receipts rise again in July to reach 2.74 bln
Greece's travel receipts increased for the second straight month in July, rising by 14.4 percent, according to the Bank of Greece (BoG). They were up 16.3 percent in June.
Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln
Greek media reported on Tuesday that the Ministry of Finance (MoF) will soon table in Parliament a draft bill which will allow the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit.
European Commission sees some progress in Greece's market reforms
In its report titled “Market Reforms at Work in Italy, Spain, Portugal and Greece”, the European Commission (EC) has outlined that reforms of the public administration, the judicial system and those to facilitate the ease of doing business in Greece have had a positive but partial impact.
Current account surplus reaches 1.68 bln in July thanks to services
Greece's current account (C/A) balance posted a surplus for the second straight month in July, reaching 1.68 billion euros in July, which was 40.3 percent down year on year (YoY), according to the Bank of Greece (BoG).
Sudden jump in unpaid taxes last month takes total to almost 70 bln
The rate of increase in Greece’s unpaid taxes significantly accelerated to 1.42 billion in August from around 1 billion in the preceding two months, according to data provided by the General Secretariat of Information Systems today.