Economy
Overdue contributions rise at accelerating pace of 615 mln in Q4, stock climbs to 17.54 bln
The increase in unpaid social security contributions (SSCs) accelerated quarter on quarter (QoQ) to 615 million euros in the fourth quarter (Q4) of 2016, from 310 million in the previous quarter.
Tax revenue overperformance leads budget primary surplus to 4.44 bln in 2016
Greece’s budget primary surplus almost doubled to 4.44 billion euros in 2016 from 2.27 billion in 2015, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday.
ESM and EFSF approve short-term debt relief measures for Greece
The short-term debt relief measures for Greece were approved by the board of directors (BoD) of the European Stability Mechanism (ESM) and the European Financial Stability Fund (EFSF) on Monday.
Travel receipts drop 13.8 pct in Nov, 11-month figure down 6.6 pct
Greece's travel receipts fell by 13.8 percent in November, after rebounding in the previous two months, Bank of Greece (BoG) figures displayed on Monday.
Eurosystem funding falls by 1.9 bln in Dec, down by 60 bln since July 2015
Greek banks’ Eurosystem funding dropped by 1.87 billion euros in December, at a slower pace compared to the decline of 3.3 billion in the previous month, Bank of Greece's (BoG) annual balance sheet revealed on Friday.
Decisive week for Greek programme begins with proposal from Athens
A crucial week for the future of the Greek programme is due to unfold over the next few days as Athens hopes to get the review process moving again based on a proposal to extend the fiscal mechanism.
S&P affirms Greece’s rating, outlook remains stable
S&P affirmed Greece’s ‘B-/B’ ratings in its scheduled rating review on Friday. The outlook remained stable, reflecting the rating agency’s view that the risks to its ratings are balanced over the next twelve months.
Stocks fall for second straight week amid soft volumes
The Greek stock market showed no signs of rebounding this week as it edged down 1.9 percent amid lack of market-moving news, particularly regarding the second programme review.
Current account deficit of 1.2 bln in Nov turns 11-month balance negative
Greece’s current account (C/A) deficit edged down to 1.19 billion euros in November 2016 from 1.17 billion a year ago, Bank of Greece (BoG) figures showed on Friday.
Higher number of firms and employees, increased average wage in private sector in 2016
The Labour Ministry published on Thursday the annual figures of its information system (Ergani) providing detailed figures on companies and workers with employment governed by private law for 2016.