Macroeconomy
Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
The Greek seasonally adjusted (SA) GDP at constant prices contracted quarter on quarter (QoQ) for the second successive quarter by 0.2 percent in Q1 2015 from 0.4 percent in Q4 2014, according to the provisional estimates published by the Hellenic Statistical Authority (ELSTAT) today.
Economic sentiment, consumer confidence down for third straight month in May
Greece’s economic sentiment (ESI) continued heading south for the third successive month in May, when it fell by 1.3 points to 91.4 in May from 92.7 in April, according to the European Commission.
Travel receipts up 13.3 pct in March as tourist arrivals increase by 34.4 pct
Greece's travel receipts rose at a slower rate of 13.3 percent in March from 16.2 percent in February, according to the Bank of Greece (BoG).
Smaller rise of 737 mln for unpaid taxes in April
Greece’s new unpaid taxes eased month on month (MoM) for the third straight month in April, coming in at 737 million euros from 989 million in March, according to data released by the General Secretariat of Information Systems (GSIS).
Current account deficit widens to 404 mln in March
Greece's current account (C/A) deficit widened more than four times in March to reach 404 million euros, from 88 million in the corresponding period last year, according to the Bank of Greece (BoG).
Industrial turnover falls for 5th straight month in March at decelerating 2.9 pct
The Turnover Index in Industry fell for the fifth successive month, yet the rate of drop decelerated to 2.9 percent in March from 10 percent in February, according to the Hellenic Statistical Authority (ELSTAT).
Primary cash surplus reaches 1.05 bln at end of April
Greece’s central government primary cash surplus narrowed by 20.9 percent year on year (YoY) to 1.05 billion in the 4-month period of 2015 from 1.33 billion in the corresponding period last year, according to the Bank of Greece (BoG).
Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
Eurobank kicked off Greek banks’ reporting season for the first quarter (Q1) of the year by announcing a net loss of 94.4 million from 207 million in Q1 2014 and 523.7 million in Q4.
Apartment prices down by 3.9 pct in Q1 for seventh straight QoQ fall
The fall in Greek apartment prices decelerated for the seventh straight quarter to 3.9 percent in Q1 2015 from a downward revised 5.4 percent in Q4 2014, according to the Bank of Greece (BoG).
Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
As expected, Greek banks’ Eurosystem funding rose at a rising pace by 5.66 billion euros in April from 2.93 billion in March to reach a total of 112.84 billion, according to the Bank of Greece's (BoG) monthly financial statement published on Wednesday