Macroeconomy
Capital controls eased, allowing larger withdrawals and doubling limit on business transfers abroad
Greece’s Finance Ministry (MoF) announced on Thursday that the capital controls introduced in the summer of 2015 will be further relaxed from Monday as part of an effort to fully abolish them not long after the end of the programme.
Retail sales up by 1.2 pct in March on higher activity in dept stores, clothing
Greece’s retail sales index increased by 1.2 percent in March 2018, following a decline by 0.4 percent year-on-year in February, according to data published by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Almost 1 in 3 jobs in private sector are part-time, average full-time salary at 936 euros
The Unified Social Security Fund (EFKA), which has since last year seen all the main social insurance funds in Greece come under its umbrella, released on Wednesday its latest employment data.
Economic sentiment up to 104.2 in May, construction confidence grows by 15.7 pts
Greece’s economic sentiment (ESI) grew by 0.6 points to 104.2 in May versus 103.6 in April, European Commission (EC) figures revealed on Wednesday.
Deposits stay positive with 870.1 mln inflow in April
Net deposit movement in the Greek banking system remained positive and showed inflows of 870.1 million in April compared to inflows of 1.14 billion in March, Bank of Greece (BoG) figures revealed on Tuesday.
Credit contraction deepens to 1.9 pct in April, balance at 179.13 bln
Credit contraction in the Greek market deepened to 1.9 percent in April compared to a contraction of 1 percent in March, according to Bank of Greece (BoG) figures released on Tuesday.
Overdue social security debt at 31.87 bln in Q1, debtors at 1.2 mln
The stock of unpaid social security contributions (SSCs) increased to 31.87 billion in the first quarter (Q1) of 2018, rising by 585 million compared to the figure of 31.29 billion euros registered in the fourth quarter (Q4) of 2017, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
Budget primary surplus confirmed at 2.29 bln in April on improved tax collections, lower PIB spending
The budget primary balance was confirmed at a surplus of 2.29 billion euros in the first four months of 2018 compared to a surplus of 1.73 billion for the same period last year, the Finance Ministry (MoF) final budget execution bulletin for April showed on Thursday.
Travel surplus rises by 48.2 pct in March as receipts increase
Greece’s travel balance rose by 48.2 percent year-on-year in March, recovering from a 135.2 percent drop noted in February, Bank of Greece (BoG) data revealed on Tuesday.
Industrial turnover up by 3.4 pct in March, positive for third month
Greece’s industrial turnover increased by 3.4 percent in March after February’s growth was revised upward to 3.9 percent, Hellenic Statistical Authority (ELSTAT) data published on Monday showed.