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Current account deficit at 1.22 bln in Nov, down 18.6 pct
EconomyMacroeconomyAfter recording a surplus in the preceding five months, Greece's current account (C/A) balance posted a deficit of 1.22 billion euros in November down by 18.6 percent from last years’ figure, Bank of Greece (BoG) data displayed on Wednesday. The year on year (YoY) drop reflects a narrowing
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Travel receipts rise 16 pct in Nov as surplus soars 84.3 pct
EconomyMacroeconomy. The most recent data released by the Association of Greek Tourism Enterprises (SETE) showed
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Tax arrears climb by 1.65 bln in December to a total of 13.5 bln for 2015
EconomyGreece’s new unpaid taxes rose at an accelerating pace by 1.65 billion in December from 1.45 billion in November, General Secretariat of Information Systems (GSIS) data displayed on Wednesday. The December figure is the second highest monthly reading for 2015 after the peak of 1.67 billion recorded
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Deadline for liberalisation of household and SME NPLs looms closer
EconomyAccording to the BoG’s latest official data, non-performing exposure (NPE), which is a wider
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Retail sales drop at a faster pace of 5.5 pct in Nov
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell for the sixth straight month In November at an accelerating pace of 5.5 percent from a revised 3.6 percent drop in October, Hellenic Statistical Agency (ELSTAT) data displayed on Friday. The November headline figure is the tenth negative reading
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Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln
EconomyMacroeconomyGreek bank credit contraction slowed to 2 percent in December from 2.2 percent in November, Bank of Greece (BoG) data showed on Friday. The net lending flow turned positive for the first time since June 2015 with net loan additions of 210 million euros in December from deductions of 458 million
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Unpaid social security contributions hit 15.35 bln at end of 2015
Economy5.25 billion from 4.91 billion in the previous quarter. KEAO data showed that 83.6 percent of those
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PMI at 50 points in Dec as manufacturing shows signs of stabilisation
EconomyMacroeconomyGreece’s Manufacturing PMI slightly fell to 50 points in January from 50.2 in December, Markit survey showed on Monday. The latest figure signals a stabilisation in the manufacturing sector on broadly unchanged operating conditions. The data showed marginal drops in volumes of output and new orders
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First days of talks confirm gap between Greece, lenders on pensions
PoliticsGreek Politicseuros. According to the latest Labour Ministry official data, the average supplementary pension
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Newsletter 61 - 05/02/2016
from 50.2 in December, suggesting a stabilisation in the sector. Markit’s data showed marginal drops
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