Macroeconomy
Smaller rise of 737 mln for unpaid taxes in April
Greece’s new unpaid taxes eased month on month (MoM) for the third straight month in April, coming in at 737 million euros from 989 million in March, according to data released by the General Secretariat of Information Systems (GSIS).
Current account deficit widens to 404 mln in March
Greece's current account (C/A) deficit widened more than four times in March to reach 404 million euros, from 88 million in the corresponding period last year, according to the Bank of Greece (BoG).
Industrial turnover falls for 5th straight month in March at decelerating 2.9 pct
The Turnover Index in Industry fell for the fifth successive month, yet the rate of drop decelerated to 2.9 percent in March from 10 percent in February, according to the Hellenic Statistical Authority (ELSTAT).
Primary cash surplus reaches 1.05 bln at end of April
Greece’s central government primary cash surplus narrowed by 20.9 percent year on year (YoY) to 1.05 billion in the 4-month period of 2015 from 1.33 billion in the corresponding period last year, according to the Bank of Greece (BoG).
Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise
Eurobank kicked off Greek banks’ reporting season for the first quarter (Q1) of the year by announcing a net loss of 94.4 million from 207 million in Q1 2014 and 523.7 million in Q4.
Apartment prices down by 3.9 pct in Q1 for seventh straight QoQ fall
The fall in Greek apartment prices decelerated for the seventh straight quarter to 3.9 percent in Q1 2015 from a downward revised 5.4 percent in Q4 2014, according to the Bank of Greece (BoG).
Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
As expected, Greek banks’ Eurosystem funding rose at a rising pace by 5.66 billion euros in April from 2.93 billion in March to reach a total of 112.84 billion, according to the Bank of Greece's (BoG) monthly financial statement published on Wednesday
Budget primary surplus grows in April thanks to one-off revenues and restricted spending
Greece’s 4-month budget primary surplus more than doubled to 2.16 billion euros from 1.05 billion last year, according to the Finance Ministry (MoF) preliminary budget bulletin published on Wednesday.
Greek economy slips into recession as Q1 GDP contracts by 0.2 pct QoQ
The Greek seasonally adjusted (SA) GDP at constant prices contracted quarter on quarter (QoQ) for the second successive quarter in Q1 of 2015, falling by 0.2 percent from 0.4 percent in Q4 2014, according to the flash estimates published by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Building activity up by 10.2 pct in Feb for biggest rise since Nov 2013
Greek building permits rebounded by 10.2 percent in February after a 7.1 percent drop in January, according to the Hellenic Statistical Authority (ELSTAT).