Economy
Greek primary surplus shrinks by 1.7 bln in Dec as revenues miss 2014 target by 3.1 bln
Greece’s budget execution showed the primary surplus shrinking by 1.7 billion euros in December ending the year at 1.87 billion from 3.57 billion in the 11-month period, according to the Finance Ministry (MoF) final budget bulletin published on Monday.
The immediate economic and financial hurdles for the new Greek government
The new Greek government has several thorny economic issues to address in its first days in office.
Pressing economic tasks mounting up for next Greek government
Regardless of the outcome of general elections, the new Greek government will have a number of pressing issues to resolve in the coming weeks.
First rise since 2009 for Greek household disposable income in Q3 2014
Greek household disposable income rose by 0.03 percent year on year (YoY) in the third quarter (Q3) of 2014 following a drop of 8.3 percent in Q2, according to the Hellenic Statistical Authority (ELSTAT).
Almost 50 pct rise for new unpaid taxes in 2014 as overall total rises to 73.8 bln
Greece’s new unpaid taxes slowed to 1.27 billion euros in December from 1.59 billion in November, according to data released by the General Secretariat of Information Systems (GSIS) on Friday.
Review completion and SMP redemptions will decide Greece's QE eligibility
As expected, ECB President Mario Draghi announced today a Quantitative Easing (QE) programme which involves an expanded asset purchase programme up to 1.1 trillion euros. Starting from March, the programme is intended to be carried out until the end of September 2016.
Travel surplus soars 57.2 pct in November on surging tourist arrivals
Greece's travel receipts grew for the sixth successive month by 30.7 percent year on year (YoY) in November at an accelerating pace compared to the 4.6 percent YoY recorded in October, according to the Bank of Greece (BoG).
Greek current account deficit widens by 32.4 pct in November despite services surplus
Greece's current account (C/A) balance remained in negative territory for the second straight month in November, when the deficit widened by 32.4 percent to 997 million euros from 753 million last year, according to the Bank of Greece (BoG).
Eurosystem funding for Greek banks shoots up by 11.2 bln in December
Greek banks’ Eurosystem funding shot up by 11.19 billion to 56.04 billion euros at the end of December from 44.85 billion at the end of November, according to the Bank of Greece's (BoG) annual financial statement.
Industrial turnover dips again in November after upswing in two previous months
After rising in the previous two months, the Turnover Index in Industry fell by 0.7 percent in November from an upward revised 4.6 percent increase in October, according to the Hellenic Statistical Authority (ELSTAT).