Macroeconomy
Unpaid taxes reach 86.3 bln, 60 pct racked up since crisis began in 2010
The annual report of the General Secretariat of Public Revenues (GSPR) revealed that 60 percent of the outstanding tax debt of 86.3 billion was created during the crisis years. In specific, 40.2 percent of unpaid taxes was created before 2011, 44.4 percent within 2011-2014 and 15.4 percent in 2015.
Budget primary surplus surges to 3.04 billion, extending outperformance
Greece’s budget primary surplus soared to 3.04 billion in the 2-month period of 2016 from 1.24 billion last year, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday.
Building activity advances 5.1 pct in Dec, down 0.9 pct in 2015
Greek building permits grew for the second straight month in December, when they rose by 5.1 percent from 7.2 percent in November, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Industrial production up by 4.6 pct in Jan
Greece’s Industrial Production Index (IPI) grew by 4.6 percent in January from 6.2 percent in December, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
OECD sees potential for recovery in Greek economy, stresses benefits from reforms
In its latest economic survey on Greece published on Thursday, the OECD stressed the domestic economy is gradually recovering but that high social costs persist.
Unemployment rate drops further to 24 pct in Dec, lowest since April 2012
Greece’s seasonally adjusted unemployment rate continued heading south for the third successive month easing to 24 percent in December from a downward revised 24.4 percent in November, Hellenic Statistical Authority (ELSTAT) labour force survey displayed on Thursday.
CPI falls at a slower pace of 0.5 pct in February
Τhe Greek Consumer Price Index (CPI) fell by 0.5 percent in February after a 0.7 percent drop in January, Hellenic Statistical Authority (ELSTAT) data displayed on Thursday.
Eurosystem funding slips by further 1.9 bln to 104.2 bln in Feb
Greek banks’ Eurosystem funding continued heading south for the eighth straight month in February, when it dropped by 1.86 billion to 104.23 billion, the Bank of Greece's (BoG) monthly financial statement showed on Wednesday.
Trade deficit drops 5.1 pct in January, exports down 8.1 pct
Greece’s trade deficit fell at a decelerating pace by 5.1 percent in January from 14.3 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Turnover in the tourism sector falls 8 pct in Q4, first negative reading since Q1 2013
The Turnover Index in Accommodation and Food Services dropped by 8 percent year on year (YoY) in the fourth quarter (Q4) of 2015 from a revised rise by 5.2 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures displayed on Wednesday.