Macroeconomy
Primary cash surplus more than doubles to 2.8 bln in first half of 2016
Greece’s central government primary cash surplus widened to 2.76 billion euros in the first half of 2016 from 1.3 billion a year ago, accoding to Bank of Greece (BoG) figures published on Friday.
Current account deficit widens to 412 mln in May
Greece's current account (C/A) deficit almost tripled to 411.6 million euros in May from 139.9 million last year, Bank of Greece (BoG) figures displayed on Thursday.
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.
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.
Eurosystem funding falls 8.6 bln in June in aftermath of waiver reinstatement
Greek banks’ Eurosystem funding dropped by a notable 8.57 billion euros in June, following a decrease by 3.86 billion in May, Bank of Greece's (BoG) monthly financial statement displayed on Wednesday.
Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
Appearing before Parliament’s economic affairs committee on Monday Bank of Greece (BoG) Governor Yannis Stournaras presented the organisation’s monetary policy report, which was released a month ago, and provided an update on Greek banks’ loan quality as well as unveiling a series of proposals for easing capital controls
Building activity decreases at slower pace of 5.3 pct in April
Greek building permits fell by 5.3 percent in April after an 11.5 percent drop in March, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.