Macroeconomy
Bank of Greece study finds one in six local firms is strategic defaulter
In a separate section of the interim Monetary Policy Report published on Friday, the Bank of Greece (BoG) discussed the issue of corporate strategic defaulters i.e. companies that have stopped servicing their loans despite having the ability to make the payments.
Bank of Greece sees potential for recovery, urges calm in negotiations
In its interim Monetary Policy Report published on Friday, the Bank of Greece (BoG) called for a swift conclusion to the second programme review and implementation of reforms and privatisations.
Turnover in services sector improves in Q3
The majority of the turnover indices for the services sector rebounded year on year in the third quarter (Q3) of 2016, Hellenic Statistical Authority (ELSTAT) figures displayed on Thursday.
Unemployment rate drops again in Q3, reaching 22.6 pct
The Greek non-seasonally-adjusted unemployment rate fell again in the third quarter (Q3) of 2016 to 22.6 percent from 23.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance
Greece’s budget primary surplus climbed to 7.45 billion euros in the 11-month period of 2016, up by 71.7 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Wednesday.
Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
Greek banks’ Eurosystem funding fell by another 3.3 billion euros in November, after a broadly similar drop of 3.53 billion in October, Bank of Greece's (BoG) monthly financial statement showed on Tuesday.
Bill aims to encourage more electronic transactions in Greece
The Greek government tabled a multi-bill on Monday evening including the new frameworks for electronic transactions and undeclared income.
Building activity edged up 1 pct in September
Greek building permits grew for the third successive month in September but at a much slower pace of 1 percent from 16.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Job departures at 37,667 in Nov, 11-month net hirings highest since 2001
The employment balance stayed negative in November 2016 with net departures rising to 37,667 from 24,674 in the corresponding period last year, data from the Labour Ministry’s Ergani information system showed on Monday.
Industrial production rebounds by 6.8 pct in October
The Greek Industrial Production Index (IPI) rebounded by 6.8 percent in October after a marginal rise of 0.1 percent in the previous two months, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.