Economy
Greek primary budget surplus halved in Jan as revenues miss target
Greece’s budget execution showed the primary surplus halving to 443 million euros in January from 835 million last year, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday.
Building activity suffers larger drop of 30.9 pct in November
The rate of decline in the number of building permits issued accelerated to 30.9 percent in November from 19 percent in October, according to the Hellenic Statistical Authority (ELSTAT).
November sees highest MoM drop in employment as headline figure remains at 25.8 pct
The seasonally adjusted (SA) unemployment remained at 25.8 percent in November 2014, unchanged from the previous month, according to the Hellenic Statistical Agency (ELSTAT).
Greek stocks and bond yields recover on hopes of deal with eurozone
The Athens Stock Exchange soared 8 percent on Tuesday, more than offsetting the significant losses of 4.8 percent recorded on Monday.
The government decisions that could shape the future of Greek banks
A number of the new government’s announcements over the last few days have brought the prospects of Greece’s four systemic banks, which are among the largest listed companies in the Athens Stock Exchange and whose trading activity accounts for more than half of the daily turnover, back into focus.
Greek stocks tumble, bond yields rise in wake of Tsipras speech
The Greek stock market plunged 4.75 percent on Monday with relatively subdued volumes in the aftermath of prime minister’s speech in the Parliament on Sunday evening, outlining the government’s policy programme.
Greek industrial production drops 3.8 pct in Dec for 10th negative reading of 2014
The Greek Industrial Production Index (IPI) fell by 3.8 percent in December after a short lived rise of 2.5 percent in November, according to the Hellenic Statistical Authority (ELSTAT).
Greek trade deficit widens by 26.9 pct in December
After receding in the previous two months, Greece’s trade deficit rose by 26.9 percent in December, according to the Hellenic Statistical Authority (ELSTAT).
Growth in new car registrations slows to 12.8 pct in Jan
After reaching a historic high of 69.3 percent in December, the growth rate in the number of road motor vehicles (going into circulation for the first time) slowed to 12.8 percent in January, according to the Hellenic Statistical Authority (ELSTAT).
S&P acts in wake of ECB decision and downgrades Greek rating to B-
S&P lowered on Friday evening its long-term rating on Greece by one notch to ‘B-‘ from ‘B’, while it maintained the CreditWatch negative, which was placed on January 28.