Economy
Troika and Greece in stalemate over budget targets, prior actions as time ticks away
The Finance Ministry (MoF) is expected to table in parliament the 2015 budget on Friday amid a stalemate in discussions with the troika. As things stand, the budget will be submitted without the troika’s approval as has happened for the last two years.
Greek industrial turnover posts rise of 1.8 pct in September after earlier drop
Τhe Turnover Index in Industry rose by 1.8 percent in September following an upward revised 4.1 percent drop in August, according to the Hellenic Statistical Authority (ELSTAT).
Court ruling on property tax levels could hurt future revenues
The Council of State has reportedly ruled that objective property values, which are used instead of market prices to calculate tax, should be adjusted within the next months. This could deal a serious blow to revenues.
Central gov't cash surplus rises to €3 bln in October despite drop in revenues
Greece’s central government primary cash balance posted a surplus of 3 billion euros in the 10-month period from deficit of 3.42 billion last year, according to the Bank of Greece (BoG).
Greece returns to growth after long recession, GDP figures show
The Greek economy exited the recession in Q2 2014, posting the first GDP growth after 16 successive quarters of recession, according to the flash estimates published by the Hellenic Statistical Authority (ELSTAT).
Apartment prices fall at slower rate of 7 pct in Q3
The rate of decline in apartment prices slowed for the fifth straight quarter to 7 percent in Q3 2014 from a revised 7.7 percent in Q2, according to the Bank of Greece (BoG).
Greek primary cash surplus up to 3.1 bln in September but state arrears also rise
The Greek general government (gg) primary cash surplus improved to 3.14 billion euros in the 9-month period of 2014 from 1.86 billion last year, a 69 percent year on year (YoY) rise, according the bulletin published by the Ministry of Finance (MoF) on Thursday.
Primary surplus narrows to 2.4 bln in October as revenues miss target
Greece’s budget execution showed the primary surplus narrowing to 2.41 billion euros in the 10-month period from 2.53 billion in the 9-month, according to the preliminary data released by the Ministry of Finance (MoF).
Greek jobless rate dips below 26 pct in August for first time in two years
The seasonally adjusted jobless rate further eased to 25.9 percent in August from a downward revised 26.1 percent in July, according to the Hellenic Statistical Agency (ELSTAT).
Among euro area SMEs, Greeks face most problems with access to finance
Almost one third of Greek small and medium-sized enterprises (SMEs) named “access to finance” as the most pressing problem, according to an ECB survey on this subject conducted between April – September 2014.