Economy
Greek banks set for early ELA return in apparent precautionary move
Kathimerιni daily revealed on Friday that two of the four systemic banks have submitted requests to the Bank of Greece (BoG) for raising liquidity of 5 billion euros through the Emergency Liquidity Mechanism (ELA), while the other two are expected to follow suit in the coming days.
SYRIZA hits back in funding row, says it could issue T-bills and use repos
The issue of covering short-term funding needs remains at the forefront of the confrontation between the two main political parties in Greece ahead of the January 25 elections due.
Collapse in revenues brings 2014 primary surplus to 1.9 bln, 3 bln short of target
Greece’s budget execution displayed the primary surplus significantly narrowing by 1.64 billion month on month (MoM) to 1.93 billion at the end of 2014 from 3.57 billion in the 11-month period, according to the Finance Ministry (MoF) preliminary budget bulletin published today.
Stronger rise of 4.1 pct for Greek industrial turnover in October
Τhe Turnover Index in Industry increased for the second straight month in October at an accelerating pace of 4.1 percent from an upward revised 2.4 percent drop in September, according to the Hellenic Statistical Authority (ELSTAT).
Funding needs take centre stage in row between New Democracy and SYRIZA
One of the key topics in the agenda of two main Greek political parties’ ahead of January 25 snap elections is the issue of Greece’s funding needs by the end of March and the way they would be covered by the new government.
Greek CPI dives 2.6 pct in December as deflation deepens to 1.3 pct in 2014
The rate of decline in Greek consumer price index (CPI) accelerated to 2.6 percent in December from 1.2 percent in November, according to the Hellenic Statistical Authority (ELSTAT).
Growth in car sales peaks in December with rise of 69.3 pct
Τhe growth rate in the number of road motor vehicles going into circulation for the first time accelerated to 69.3 percent in December from 7.5 percent in November, according to the Hellenic Statistical Authority (ELSTAT).
Samaras sets out New Democracy's plans for growth
Following the presentation of SYRIZA’s updated economic policies on January 3, Prime Minister and New Democracy (ND) leader Antonis Samaras outlined his party’s programme for “Growth and Reforms – Greece 2021” on Saturday.
Greek industrial production on the up again in November, rising by 2.3 pct
The Greek Industrial Production Index (IPI) increased by 2.3 percent in November following a downward revised 0.4 percent drop in October, according to the Hellenic Statistical Authority (ELSTAT).
Greek exports rise by 6.6 pct in November to trim trade deficit
The drop in Greece’s trade deficit accelerated to 10.7 percent in November after easing by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT).