Economy
December retail sales seen down 2.5 pct amid tax onrush
Sales in the Greek retail market fell by at least 2.5 percent in December compared to the corresponding period last year, according to the preliminary estimates of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE).
Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
Greek households’ new time deposit rate declined for the third successive month in November, when t fell by 5 basis points (bps) to 0.71 percent from 0.76 percent in October, Bank of Greece (BoG) data showed on Wednesday.
General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
Greece’s general government (gg) primary cash surplus grew by 1.4 billion euros to 6.4 billion in the 11-month period of 2016 from 5 billion a year ago, the Finance Ministry (MoF) gg bulletin revealed on Tuesday.
Greek banks conclude series of corporate actions as part of restructuring
Greek banks concluded a number of corporate actions in the last month of 2016 as part of the implementation of their restructuring plans, which includes disposal of non-core assets and focus on specific markets.
PMI rises to 49.3 in Dec but likelihood of growth remains slim
Greece’s Manufacturing PMI increased by 1 point in November, after dropping in the previous three months, the Markit survey revealed on Monday.
New overdue taxes rise by 890 mln in Nov, total stock up to 94.2 bln
Greece’s new tax debt rose at a slower pace of 890 million in November from 1.4 billion in October, according to the General Secretariat of Public Revenues (GSPR) data.
Stocks up 2.1 pct in last week of 2016 as year's performance turns positive for first time since 2013
The Greek equity market stayed on positive ground in the last week of the year with gains of 2.1 percent, while the trading activity remained subdued.
Retail sales grow for second straight month in Oct with 1.3 pct rise
The turnover of Greece’s retail trade index rose again in October, when it increased by 1.3 percent, after a 1.7 percent rise in September, Hellenic Statistical Agency (ELSTAT) figures revealed on Friday.
Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
Greece’s budget primary surplus jumped to 7.42 billion euros in the 11-month period of 2016, up by almost 71 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
The rate of credit contraction in the Greek market decelerated to 1.3 percent in November from 1.6 percent in October, Bank of Greece (BoG) figures showed on Thursday.