Economy
Greek central government debt inches down to 320.42 bln in Q1
Greece’s central government debt slipped by 1.06 billion quarter on quarter in Q1 2014 to 320.42 billion from 321.48 billion in the previous quarter, according to the Finance Ministry debt bulletin published on Wednesday.
Apartment prices fell 7.5 pct in Q1, down for the 21st successive quarter
Apartment prices in the Greek market fell by 7.5 percent year on year (YoY) in the first quarter (Q1) of 2014, according to the Bank of Greece (BoG). Although at a slightly decelerating trend over the past four quarters, this is the twenty-first successive negative reading since Q1 2009.
March fall for Greek industrial turnover is ninth in 15 months
After a temporary stall in February, the Turnover Index in Industry resumed a negative trend in March easing by 1.1 percent, according to the Hellenic Statistical Authority (ELSTAT). The February reading was revised from a marginal drop of 0.1 percent to a slight growth of 0.3 percent.
OECD sees 3.3 bln euros of savings Greece can make by cutting red tape
The Organisation for Economic Cooperation and Development (OECD) released a report on May 15 identifying 3.3 billion euros worth of burdensome regulations in 13 sectors weighing on businesses each year.
Q1 GDP contracts 1.1 pct as Greece eyes growth in 2014
Greek non-seasonally-adjusted GDP contracted 1.1 percent year on year (YoY) in the first quarter (Q1) of 2014 from -2.3 percent in Q4 2013, according to flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Piraeus snaps up share in MIG to complete series of corporate moves
Piraeus Bank announced on May 14 its third major corporate development in the last two months, following the successful completion of a 1.75-billion- euro capital increase in late March and a senior unsecured bond issue of 500 million in mid-March.
April saw first rise in Greek banks' Eurosystem funding this year
Greek banks’ Eurosystem funding increased by 1.27 billion in April, showing a monthly rise for the first time since December 2013, according to the Bank of Greece's (BoG) monthly financial statement.
Greek bank capital increases: A breakdown of what has been achieved
National Bank of Greece (NBG) was the last of the four Greek core banks to complete its share capital increase this month, raising 2.5 billion on May 9.
Primary budget surplus passes 1-bln mark for 2014 but revenue shortfall widening
Greece’s budget execution showed a primary surplus of 1.05 billion euros in the first four months of 2014 from a primary deficit of 306 million in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF) on Tuesday.
Building activity continues to crumble, falling by 20.7 pct in Feb
Greek building activity (as measured by the number of building permits) retained on a downward curve for the third straight month in February, retreating by 20.7 percent according to the Hellenic Statistical Authority (ELSTAT).