Macroeconomy
Greek deposits nosedive by 12.8 bln in Jan as balances reach lowest point since Aug 2005
Greek private sector deposits fell for the fourth successive month in January at the accelerating pace of 7.6 percent month on month (MoM), with balances reaching 148.04 billion euros, according to the Bank of Greece (BoG).
Greek credit falls by 2.9 pct in Jan as lending balances reach 214 bln
Greek bank credit contracted by 2.9 percent year on year (YoY) in January, which is slightly slower than the 3.1 percent recorded in December, according to the Bank of Greece (BoG).
Sharp rise for Greek consumer confidence in Feb, economic sentiment also up
After falling in the preceding two months, Greece’s economic sentiment (ESI) rebounded by 2.9 points to 98.2 in February from 95.3 in January, according to the European Commission (EC).
Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln
Greece's travel receipts rose by a mere 1 percent year on year (YoY) in December from 30.7 percent in November, according to the Bank of Greece (BoG).
Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
Greece’s central government debt rose by 2.4 billion quarter on quarter (QoQ) to 324.13 billion at the end of the fourth quarter (Q4) of 2014 from 321.73 billion at the end of Q3, according to the Finance Ministry debt bulletin.
Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
Greece's current account (C/A) balance showed a deficit for the third successive month in December, when it reached 870 million euros, which was more than 3.5 times higher than last year’s figure, according to the Bank of Greece (BoG).
Greek industrial turnover plummets by 8.9 pct in Dec as manufacturing suffers
The Turnover Index in Industry headed south for the second straight month in December but at an accelerating pace of 8.9 percent from 0.7 percent in November, according to the Hellenic Statistical Authority (ELSTAT).
Finance Ministry targets 3 bln from unpaid taxes
During a press briefing on Wednesday to set out the government’s initiatives for the settlement of unpaid tax obligations, Alternate Finance Minister Nadia Valavani provided figures that give a useful insight into outstanding tax debt
Greek CPI falls 2.8 pct in Jan for second largest drop since 2001
The drop in Greek consumer price index (CPI) accelerated for the second straight month to 2.8 percent in January from 2.6 percent in December, according to the Hellenic Statistical Authority (ELSTAT).
Drop in revenues drives Jan central government primary cash deficit to 149 mln
Greece’s central government primary cash balance recorded a deficit of 149 million euros in January 2015 from surplus of 812 million last year, according to the Bank of Greece (BoG).