Economy
Increase in overdue contributions accelerates to 831 mln in Q2 as total reaches 16.6 bln
The rate of increase in unpaid social security contributions (SSCs) almost doubled quarter on quarter (QoQ) to 831 million in Q2 from 429 million in the previous quarter.
Sallas exit from Piraeus marks end of era in Greek banking sector
Michalis Sallas, the non-executive chairman of Piraeus Bank, resigned during a Board of Directors (BoD) meeting on Wednesday afternoon, marking the end of an era in the Greek banking sector.
Parliament's budget office sees risks to economic recovery
In its latest quarterly report, the Parliamentary Budget Office (PBO) calls for swift and consistent implementation of the third bailout programme since it concludes there is no alternative route to economic growth.
Industrial turnover plunges 13.4 pct in May for fifth successive double-digit drop
Greece’s Turnover Index in Industry continued its downswing in May, diving by 13.4 percent after a downward revised 14.3 percent drop in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June
Greece’s budget primary surplus widened to 2.48 billion euros in the first half of 2016, up by 31.5 percent from the 1.88 billion recorded in the corresponding period last year, the Finance Ministry (MoF) preliminary budget execution bulletin displayed on Tuesday.
Credit standards for Greek loans stayed stable in Q2, small uptick in demand for large corporate loans
Credit standards for both corporate and household loans were kept largely stable quarter on quarter (QoQ) in the second quarter (Q2) of 2016, in line with expectations, Bank of Greece (BoG) bank lending survey (BLS) figures displayed on Tuesday.
Moscovici tries to kill discussion of primary surplus targets as easing of capital controls cleared
European Commissioner for Economic and Financial Affairs Pierre Moscovici sought to kill off the discussion about lowering Greece’s post-2018 primary surplus targets when he visited Athens on Monday.
ELSTAT publishes data on bankruptcies since 2004, showing deterioration during crisis
The Hellenic Statistical Authority (ELSTAT) released for the first time on Friday bankruptcy statistics based on bankruptcy court orders over the past 11 years.
Net job hirings hit 33,608 in June, highest since 2001
The employment balance remained positive for the fifth straight month showing net hirings of 33,608 in June 2016, up by 25,018 compared to the corresponding period last year, the Labour Ministry’s information system (Ergani) data displayed on Friday.
Greek stocks rise 3.8 pct on week, banks rebound by 10.7 pct
The Greek stock market traded in positive territory in four straight sessions, ending the week up by 3.8 percent despite a correction of 1 percent on Friday.