Economy
July rise of 388 mln in unpaid taxes is lowest for two years
Greece’s new unpaid taxes rose by 388 million euros in July from 656 million in June indicating a decelerating trend for the second straight month,according to data released by the General Secretariat of Information Systems (GSIS).
Current account in surplus for 2nd straight month in June but down 20 pct on 2014
Greece's current account (C/A) balance displayed a surplus for the second successive month, yet it narrowed by 20 percent year on year (YoY) at 1 billion in June from 1.25 billion a year ago, according to the Bank of Greece (BoG).
Industrial turnover fell 13.4 pct in June for second biggest drop since Oct 2009
Greece’s Turnover Index in Industry fell at an accelerating pace in June, when it declined by 13.4 percent from 4.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Cash primary surplus for Jan-Jul close to 3 bln on improved revenues
Greece’s central government primary cash surplus improved by 23.3 percent to 2.99 billion euros in the 7-month period of 2015 from 2.42 billion last year, according to the Bank of Greece (BoG).
Eurogroup approves 3rd bailout for Greece but expects swift, extensive action
The Eurogroup agreed on the terms of Greece’s third bailout on Friday, paving the way for Athens to receive its first tranche from a package of up to 86 billion euros in new loans next week.
Early gains in Greek stocks cancelled out in second half of week
After a rebound in the first two trading sessions of the week the Greek stock market headed south in the next three days, ending with marginal losses of 0.4 percent.
European Commission's Greek DSA sees recession ahead, debt becoming unsustainable
Ahead of the Eurogroup meeting on Friday, the European Commission prepared an updated Debt Sustainability Analysis (DSA), which was published by the Wall Street Journal.
Greek Q2 growth of 0.8 pct confounds recession forecasts
Greece’s seasonally adjusted (SA) GDP at constant prices rose quarter on quarter (QoQ) by 0.8 percent in Q2 2015 following a upward revised 0.02 percent growth recorded in Q1, according to the flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
Greece’s budget primary surplus significantly widened to 3.53 billion euros in the 7-month period of 2015 from 1.88 billion in the first half, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday.
Greece commits to ambitious privatisation targets as part of new bailout
In contrast to SYRIZA’s pre-election pledges, the government has committed to proceed with an ambitious privatisation programme, according to the draft bill on the new financial aid from the eurozone.