Economy
Greek bailout talks yet to conclude as start of IMF meetings approaches
Discussions between the Greek government and the mission chiefs continued over the weekend and will resume on Monday at 3pm with an agreement on the key issues of the first programme review remaining elusive over the past few days.
Greek stocks slip 1.7 pct during week with subdued volumes
The Greek stock market fell 1.7 percent this week, with subdued volumes in almost all sessions.
Car sales rebound 3.4 pct in March
The number of road motor vehicles (going into circulation for the first time) resumed an upward trend rising by 3.4 percent in March, after a short-lived fall by 17 percent in February, Hellenic Statistical Authority (ELSTAT) figures displayed on Friday.
Industrial production drops by 3 pct in February
Greece’s Industrial Production Index (IPI) fell by 3 percent in February after rising in the preceding three months, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Notable drop of 1.5 pct in March CPI
Τhe Greek Consumer Price Index (CPI) decreased at a markedly accelerating pace of 1.5 percent in March from 0.5 percent in February, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
General government primary cash surplus triples to 3 bln by February, arrears climb to 6.1 bln
Greece’s general government (gg) primary cash surplus tripled to 3 billion in the first two months of 2016 from 1 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Friday.
Greece expects review to be completed by May 1 despite IMF objections
In a non-paper released on Thursday night, the Finance Ministry provided an update on the progress made so far in the first programme review.
Tax arrears increase by 2.76 bln in first two months of 2016, reach total of 86.9 bln
Greece’s new unpaid taxes increased by 1.46 billion euros in January and by 1.3 billion in February, General Secretariat of Information Systems (GSIS) data showed on Thursday.
Unemployment rate resumes upward trend to 24.4 pct in Jan
Greece’s seasonally adjusted (SA) unemployment rate edged up to 24.4 percent in January from 24.3 percent in December, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday.
Trade deficit rises 14.3 pct in Feb as exports fall for 10th month
Greece’s trade deficit increased by 14.3 percent in February after declining in the three previous months, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.