Economy
Greek cash deficit to July narrows 78.3 pct to 1.72 bln
Greece’s central government net balance on a cash basis showed the deficit narrowing by 78.3 percent to 1.72 billion euros in the 7-month period from 7.93 billion last year, according to the Bank of Greece (BoG).
State budget primary surplus widens to 2.28 bln at end of July after rise in revenues
Greece’s budget execution showed the primary surplus widening to 2.28 billion in the 7-month period from 707 million posted in the first half of the year, according to the preliminary data released by the Ministry of Finance (MoF) on Wednesday.
Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near
The Greek economy recorded the 24th consecutive period of decline in Q2 of 2014 as Gross Domestic Product measured in constant prices declined by 0.2 percent year on year, which was better than the estimates for a -0.4 percent drop.
Greek banks' Eurosystem funding sees reduced drop of 334 mln in July
Following a sharp drop by 13.88 billion euros in the preceding two months, Greek banks’ Eurosystem funding eased by just 334 million in July, according to the Bank of Greece's (BoG) monthly financial statement.
Finance Ministry scrambles to correct property tax after error-strewn debut
After months of discussions and planning, the launch of the unified real estate property tax (ENFIA) earlier this month foundered on a number of problems, which caused the government embarrassment and left the Finance Ministry with plenty of revision work to do.
First positive reading for building activity in 6 months after 1.2 pct rise in May
The number of building permits issued in Greece rose by a modest 1.2 percent in May, after a nosedive of 36.5 percent in April, according to the Hellenic Statistical Authority (ELSTAT).
Drop in Greek industrial production accelerates in June, falling by 6.7 pct
The Greek Industrial Production Index (IPI) fell 6.7 percent in June at an accelerating pace compared to the 0.9 percent drop posted in May, according to the Hellenic Statistical Authority (ELSTAT).
Car sales continue to rise in July but at slower pace of 25.9 pct
The growth rate in the number of road motor vehicles going into circulation for the first time slowed to 25.9 percent in July from 46.3 percent in June, according to the Hellenic Statistical Authority (ELSTAT).
Unemployment at 27.2 pct in May, hardly changed from previous months
The seasonally adjusted jobless rate slightly fell to 27.2 percent in May after remaining unchanged at 27.3 percent in the preceding three months, according to the Hellenic Statistical Agency (ELSTAT).
Greek primary cash surplus reaches 1.8 bln in H1 2014
The Greek general government (gg) primary cash surplus stood at 1.8 billion euros in the first half of the year from a deficit of 1.86 billion in the corresponding period last year, according to the gg bulletin released by the Ministry of Finance (MoF) on Thursday.