Search
-
Despite strong rebound on Friday, Greek stocks dive 5.2 pct during week
EconomyDespite a rebound of 5.4 percent on Friday, the Greek stock market fell 5.2 percent this week amid the negative sentiment that prevailed in the global markets until Thursday largely fuelled by Brexit concerns. The European Stability Mechanism (ESM) boar...
6% -
Wages index sees strong rebound of 4.6 pct in Q2
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index increased for the third straight quarter at a notably accelerating pace of 4.6 percent in the second quarter (Q2) of 2016 following a rise by 0.7 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures dis...
6% -
Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
EconomyMacroeconomySpeaking at the congress of the Association of Greek Tourism Enterprises (SETE) on Monday, the Bank of Greece (BoG) governor Yannis Stournaras repeated his belief that the domestic economic will start recovering in the second half of this year. Stournar...
6% -
Greek stocks climb 4.3 pct on week, banks’ strong performance continues
EconomyThe Greek stock market rebounded strongly by 4.3 percent this week mainly led by solid gains in banks, also accompanied by an increase in trading activity. The positive market performance was triggered by a drop in the Greek government bond yield to 6.7...
6% -
Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance
EconomyMacroeconomyGreece’s budget primary surplus climbed to 7.45 billion euros in the 11-month period of 2016, up by 71.7 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Wednesday. The headlin...
6% -
These were the key drivers behind Greece's strong fiscal performance in 2016
EconomyMacroeconomyThe publication of the general government’s non-financial sector accounts on Monday has provided more insight regarding the key drivers of the fiscal performance in 2016, which was confirmed in a first notification issued by the Hellenic Statistical Aut...
6% -
Strong travel balance brings current account surplus to 1.83 bln in August
EconomyMacroeconomyGreece’s current account (C/A) balance recorded a surplus of 1.83 billion euros in August from 1.66 billion a year ago, Bank of Greece (BoG) figures showed on Monday. The headline figure increased by 162.6 million euros year-on-year and was mainly drive...
6% -
Final budget sees strong growth, fiscal overperformance in 2018
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Tuesday evening the final version of the 2018 budget, which the government hopes will be the last budget of the memorandum era as the current European Stability Mechanism programme is set to be completed in A...
6% -
Strong interest as Greece issues first 52-week T-Bill in almost eight years
EconomyGreece took another step on Wednesday towards restoring its relationship with the markets and building its yield curve by issuing a 52-week treasury bill for the first time since April 2010. Prior to this issue, the stock of T-Bills stood at just under ...
6% -
Industrial turnover makes strong start to year with growth of 12.7 pct in Jan
EconomyMacroeconomyGreece’s industrial turnover shot up by 12.7 percent in January, after December’s figure was softened to -1.9 percent, according to Hellenic Statistical Authority (ELSTAT) data published on Thursday. The 12-month trailing index grew by 11 percent. Janua...
6%