Economy
Stocks up 3.1 pct during week to reach fresh two-year high
The Greek equity market traded mostly in positive territory over the past few days, ending the week up 3.1 percent after edging down 0.6 percent in the previous week.
Primary cash balance posts deficit of 316 mln in first 5 months
The central government primary cash balance turned to a deficit of 316 million euros in the first five months of 2017 from a surplus of 2.66 billion last year, Bank of Greece data revealed on Friday.
Turnover in services sector improves slightly in Q1 2017
The majority of the turnover indices for the services sector recorded a slight improvement in Q1 2017, after dropping in the previous quarter, ELSTAT figures showed on Thursday.
Unemployment rate edges down to 23.3 pct in Q1
The non-seasonally-adjusted unemployment rate fell to 23.3 percent in Q1 of 2017 from 23.6 percent in the previous quarter, ELSTAT figures showed on Thursday.
Aided by underspend, budget primary surplus reaches 1.84 bln in 5-month, 792 mln above target
The budget primary balance recorded a surplus of 1.84 billion euros in the 5-month period of 2017, up by 26.5 percent from last year’s figure of 1.46 billion, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Wednesday.
New overdue tax obligations increase by 754 mln in April, total up to 94.8 bln
Greece’s new tax debt rose at slightly higher pace of 754 million euros in April after increasing by 658 million in March, the Independent Authority of Public Revenues (IAPR) data revealed on Wednesday.
Greece as an energy hub: Reality or wishful thinking?
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“Energy is the spearhead of Greece’s economic growth policy. The government’s aim is to make Greece a multiple energy hub,” Prime Minister Alexis Tsipras said in May during a press conference.
OPAP Q1 net profits decline on back of VLT rollout
The Greek Organisation of Football Prognostics' (OPAP) net profits came to 39.0 million euros, down by 8.7 percent from adjusted net profits of 42.8 million for Q1 2016.
Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
Greek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
Building activity rises 24.7 pct in March
Building permits rose by 24.7 percent in March, recovering from a decline of 4.2 percent in the previous month, according to ELSTAT data released on Monday.