Macroeconomy
Another 1 bln added in July to unpaid taxes in Greece, which total almost 68 bln
The rate of rise in Greece’s unpaid taxes remained virtually unchanged at 1.01 billion in July from 1.03 billion in June, according to data provided by the General Secretariat of Information Systems.
Greek trade deficit rises by 7.4 pct in June but rate of increase slows
After a double-digit rise in the preceding four months, the rate of increase in Greece’s trade deficit decelerated to 7.4 percent in June from 21.9 percent in May, according to the Hellenic Statistical Authority (ELSTAT).
Tourist arrivals in June increase 13.7 pct, bringing significant rise in receipts
After a temporary slowdown in May, Greece's travel receipts rebounded strongly in June, shooting up by 16.3 percent from 0.8 percent in May, according to the Bank of Greece (BoG)..
Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July
Greece’s budget primary surplus widened to 2.28 billion euros in the 7-month period from 707 million posted in the first half of the year, according to the final budget execution bulletin released by the Ministry of Finance (MoF).
Services help increase Greek current account surplus to 1.37 bln in June
Greece's June current account (C/A) balance showed the country’s surplus widening by 53 percent to 1.37 billion euros from 898 million last year, according to the Bank of Greece (BoG).
Industrial turnover rebounds by 10.5 pct in June after three months of decline
After retreating in the preceding three months, the Turnover Index in Industry rebounded by 10.5 percent in June, according to the Hellenic Statistical Authority (ELSTAT).
Greek cash deficit to July narrows 78.3 pct to 1.72 bln
Greece’s central government net balance on a cash basis showed the deficit narrowing by 78.3 percent to 1.72 billion euros in the 7-month period from 7.93 billion last year, according to the Bank of Greece (BoG).
State budget primary surplus widens to 2.28 bln at end of July after rise in revenues
Greece’s budget execution showed the primary surplus widening to 2.28 billion in the 7-month period from 707 million posted in the first half of the year, according to the preliminary data released by the Ministry of Finance (MoF) on Wednesday.
Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near
The Greek economy recorded the 24th consecutive period of decline in Q2 of 2014 as Gross Domestic Product measured in constant prices declined by 0.2 percent year on year, which was better than the estimates for a -0.4 percent drop.
Greek banks' Eurosystem funding sees reduced drop of 334 mln in July
Following a sharp drop by 13.88 billion euros in the preceding two months, Greek banks’ Eurosystem funding eased by just 334 million in July, according to the Bank of Greece's (BoG) monthly financial statement.