Economy
Budget execution shows primary surplus of 711 mln, 503 mln ahead of target
Greece’s budget execution showed a primary surplus of 711 million euros in the 5-month period from a primary deficit of 970 million in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF) on Thursday.
As Bank of Greece lines up Stournaras to take over, it reveals how risky things got during crisis
The Bank of Greece (BoG) published a report on Wednesday titled “The Chronicle of the big Crisis,” outlining the critical actions the BoG took between 2008 and 2013.
IMF report sees a number of risks lying ahead for Greece
The IMF released on Tuesday its drawn-out report on Greece’s fifth review and expressed concern about “adjustment fatigue” and the rising number of non-performing loans, among other things.
Industrial Production Index in negative territory for the year, at -2.2 pct in April
The Greek Industrial Production Index (IPI) fell 2.2 percent in April following a downward revised 2.7 percent drop posted in March, according to the Hellenic Statistical Authority (ELSTAT).
This is the eleventh negative reading over the past 16 months.
Greek May CPI falls 2 pct in one of biggest drops for more than a year
The Hellenic Statistical Authority (ELSTAT) said on Tuesday that the Consumer Price Index (CPI) fell 2 percent in May, which was a faster pace compared to the preceding months.
Are things looking up for Greece's privatisation programme?
In its latest weekly credit outlook published on Monday, Moody’s said that the “Greek privatization program looks to exceed targets by year-end, a credit positive (for the sovereign)”. This is the first positive comment on privatizations by a rating agency after years of setbacks and underperformance.
Greek economy contracts 0.9 pct in Q1, slowest pace since Q1 2010
Greek non-seasonally-adjusted GDP contracted 0.9 percent year on year (YoY) in the first quarter of 2014 from -2.3 percent posted in Q4 2013, according to the provisional data published by the Hellenic Statistical Authority (ELSTAT) today.
May sees 48.7 pct rise in number of new cars in circulation
The growth in the number of road motor vehicles (going into circulation for the first time) accelerated to 48.7 percent in May from 9.1 percent in April, according to the Hellenic Statistical Authority (ELSTAT).
Accommodation and food services index rises by 44.9 pct in Q1
The Turnover Index in Accommodation and Food Services soared 44.9 percent in the first quarter (Q1), accelerating from the 35.9 percent posted in the last quarter of 2013, according to Hellenic Statistical Authority (ELSTAT).
Unemployment rate edges down for sixth straight month to 26.8 pct in March
The seasonally adjusted jobless rate slipped for the sixth straight month in March, edging down to 26.8 percent from an upwards revised 26.9 percent in February, according to the Hellenic Statistical Agency (ELSTAT).