Macroeconomy
Greek trade deficit widens 34.2 pct in Sept as exports slip for third month
Greece’s trade deficit widened by 34.2 percent in September after a drop of 29.5 percent in August, according to the Hellenic Statistical Authority (ELSTAT).
Unpaid taxes up to 1.22 bln in October as total reaches 71.2 bln
Greece’s unpaid taxes rose to 1.22 billion euros in October from 1.03 billion in September, according to data provided by the General Secretariat of Information Systems (GSIS) on Tuesday.
OECD sees more growth, falling unemployment in Greece
In its latest Economic Outlook report published on Tuesday, OECD upward revised its GDP forecasts for Greece and is now expecting growth of 0.8 percent for 2014 from recession of 0.3 percent in its previous estimates published on May 6.
Greece's 2015 budget: A breakdown of all the key figures
The Greek Finance Ministry (MoF) tabled in Parliament the 2015 budget on Friday, with the headline figures confirming what had recently been reported.
Travel receipts up again in September, reaching 2.3 bln
Greece's travel receipts grew for the fourth straight month by 10.9 percent to 2.28 billion euros in September, according to the Bank of Greece (BoG).
Greek current account surplus up to 1.6 bln in September after fourth straight rise
Greece's current account (C/A) balance posted a surplus for the fourth straight month in September, reaching 1.62 billion euros, up 67.3 percent year on year (YoY), according to the Bank of Greece (BoG).
Greek industrial turnover posts rise of 1.8 pct in September after earlier drop
Τhe Turnover Index in Industry rose by 1.8 percent in September following an upward revised 4.1 percent drop in August, according to the Hellenic Statistical Authority (ELSTAT).
Court ruling on property tax levels could hurt future revenues
The Council of State has reportedly ruled that objective property values, which are used instead of market prices to calculate tax, should be adjusted within the next months. This could deal a serious blow to revenues.
Central gov't cash surplus rises to €3 bln in October despite drop in revenues
Greece’s central government primary cash balance posted a surplus of 3 billion euros in the 10-month period from deficit of 3.42 billion last year, according to the Bank of Greece (BoG).
Greece returns to growth after long recession, GDP figures show
The Greek economy exited the recession in Q2 2014, posting the first GDP growth after 16 successive quarters of recession, according to the flash estimates published by the Hellenic Statistical Authority (ELSTAT).