Economy
Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect
The budget primary balance recorded a surplus of 918 million euros in the first five months of 2019, compared to a surplus of 853 million noted in May 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday.
Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
Greek banks’ Eurosystem funding fell by 399 million euros month-on-month (MoM) in May, the monthly Bank of Greece's (BoG) financial statement showed.
Turnover in services sector improves slightly in Q1 2019
Turnover indices for the services sector recorded an improvement in the first quarter (Q1) of 2019, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Regling underlines concerns about fiscal target after voter-friendly measures
European Stability Mechanism (ESM) managing director Klaus Regling has repeated his warning that Greece’s is veering away from its fiscal targets following recent measures that Athens adopted without consulting the institutions, leaving the next government with some tough decisions to make.
Unemployment rate up to 19.2 pct in Q1, long-term jobless still falling
The Greek non-seasonally-adjusted unemployment rate stood at 19.2 percent in the first quarter (Q1) of the year, increasing from the rate of 18.7 percent noted in Q4 2018, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Eurozone set to give next govt until Sept to address fiscal issues
The new Greek government formed after the July 7 elections is unlikely to have to face probing questions about its plans and this year’s fiscal targets from its eurozone counterparts until September.
Wages index up by 1.8 pct in Q1 YoY
Greece’s seasonally adjusted (SA) Wages Index rose by 1.8 percent year-on-year (YoY) in the first quarter (Q1) of 2019, following an upward revised rise of 5 percent in Q4, Hellenic Statistical Authority (ELSTAT) figures revealed on Wednesday.
Building permits drop by 14.4 pct in March
Building permits decreased by 14.4 percent year-on-year (YoY) in March, deepening from a decline of 5.1 percent noted in February, Hellenic Statistical Authority (ELSTAT) data released on Wednesday showed.
Parties' competing tax pledges come up against challenging reality
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The government and opposition in Greece have started to unfold their manifestos in anticipation of national elections which are now scheduled for July 7.
Apartment prices up by 4 pct in Q1 for highest increase since 2007
The rise in the nominal value of apartments in Greece came to 4 percent year-on-year (YoY) in the first quarter (Q1) of 2019 from an upward revised increase of 2.6 percent in Q4 2018, Bank of Greece (BoG) data showed on Tuesday.