Economy
Fitch keeps Greek rating at 'B' but downgrades outlook to negative
In its scheduled sovereign rating review, Fitch revised on Friday evening Greece’s outlook to negative, while affirming its rating at ‘B’.
Central gov't cash surplus reaches 1.42 bln in 2014 after 1.19 bln deficit in Dec
Greece’s central government primary cash balance posted a surplus of 1.42 billion in 2014 from deficit of 6.72 billion in 2013, according to the Bank of Greece (BoG).
Fall in Greek building activity accelerates to 19 pct in October
Τhe number of building permits issued in Greece fell for the fifth straight month in October, when they declined by 19 percent from 11.2 percent in September, according to the Hellenic Statistical Authority (ELSTAT).
Greek banks set for early ELA return in apparent precautionary move
Kathimerιni daily revealed on Friday that two of the four systemic banks have submitted requests to the Bank of Greece (BoG) for raising liquidity of 5 billion euros through the Emergency Liquidity Mechanism (ELA), while the other two are expected to follow suit in the coming days.
SYRIZA hits back in funding row, says it could issue T-bills and use repos
The issue of covering short-term funding needs remains at the forefront of the confrontation between the two main political parties in Greece ahead of the January 25 elections due.
Collapse in revenues brings 2014 primary surplus to 1.9 bln, 3 bln short of target
Greece’s budget execution displayed the primary surplus significantly narrowing by 1.64 billion month on month (MoM) to 1.93 billion at the end of 2014 from 3.57 billion in the 11-month period, according to the Finance Ministry (MoF) preliminary budget bulletin published today.
Stronger rise of 4.1 pct for Greek industrial turnover in October
Τhe Turnover Index in Industry increased for the second straight month in October at an accelerating pace of 4.1 percent from an upward revised 2.4 percent drop in September, according to the Hellenic Statistical Authority (ELSTAT).
Funding needs take centre stage in row between New Democracy and SYRIZA
One of the key topics in the agenda of two main Greek political parties’ ahead of January 25 snap elections is the issue of Greece’s funding needs by the end of March and the way they would be covered by the new government.
Greek CPI dives 2.6 pct in December as deflation deepens to 1.3 pct in 2014
The rate of decline in Greek consumer price index (CPI) accelerated to 2.6 percent in December from 1.2 percent in November, according to the Hellenic Statistical Authority (ELSTAT).
Growth in car sales peaks in December with rise of 69.3 pct
Τhe growth rate in the number of road motor vehicles going into circulation for the first time accelerated to 69.3 percent in December from 7.5 percent in November, according to the Hellenic Statistical Authority (ELSTAT).