Economy
Court orders 2012 pension cuts to be reversed, costing up to 1.5 bln
The Council of State (CoS), Greece's highest administrative court, has published a decision that orders the government to restore basic and supplementary pensions to their 2012 levels.
Greek CPI falls by 2.1 pct in May, same as April
The rate of drop in the Greek consumer price index (CPI) was unchanged in May, when it remained at 2.1 percent for the second consecutive month, according to the Hellenic Statistical Authority (ELSTAT).
Improving car sales in Greece continue with 27.9 pct rise in May
Τhe number of road motor vehicles (going into circulation for the first time) continued posting strong growth of 27.9 percent in May after surging by 47.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production up again in April but at slower rate of 0.4 pct
Greece’s Industrial Production Index (IPI) increased for the third straight month in April, albeit at a decelerating pace of 0.4 percent in April after an upward revised 5.3 percent growth in March, according to the Hellenic Statistical Authority (ELSTAT).
Greek trade deficit up 6 pct in April despite growth in exports
Greece’s trade deficit increased for the second successive month in April, when it rose by 6 percent after a 6.9 percent rise in March, according to the Hellenic Statistical Authority (ELSTAT).
Growth in accommodation and food services turnover slows to 6 pct in Q1
The Turnover Index in Accommodation and Food Services grew for the eighth successive quarter in Q1 2015, albeit at a slower pace of 6 percent from 22.2 percent in Q4 2014, according to Hellenic Statistical Authority (ELSTAT).
Athens Stock Exchange ends week on a low, banks lose 9.7 pct
The Greek stock market showed little change until Thursday but plunged 5 percent on Friday, closing the week with losses of 4.8 percent in the aftermath of negotiations between Greece and its lenders, reversing the initial positive mood evident particularly during Tuesday’s session.
Sharp drop in gg primary surplus by end-April, arrears keep rising
The general government (gg) primary cash surplus narrowed by more than 59 percent to 651 million euros in the 4-month period of 2015 from 1.6 billion in the corresponding period last year, according the gg bulletin published by the Ministry of Finance (MoF) on Friday.
Minor movements in Greek deposit and loan rates in April
The interest rate on Greek households’ new time deposits eased by 1 basis point (bp) to 1.82 percent in April from 1.83 percent in March, according to the Bank of Greece (BoG).
The key points from lenders' proposals to Greece
Following the publication of the 47-page document Greece sent to the institutions by the Tagesspiegel newspaper in Germany, which we presented earlier today, tovima.gr published the two documents (5 and 7-page) that include the prior actions and the policy commitments prepared jointly by the three institutions.