Economy
OECD sees potential for recovery in Greek economy, stresses benefits from reforms
In its latest economic survey on Greece published on Thursday, the OECD stressed the domestic economy is gradually recovering but that high social costs persist.
US leads Titan growth for 2015, Greece stagnant
The Titan Cement Group recorded a significantly increased turnover in 2015, with earnings reaching a 20.7 percent increase compared to 2014.
Unemployment rate drops further to 24 pct in Dec, lowest since April 2012
Greece’s seasonally adjusted unemployment rate continued heading south for the third successive month easing to 24 percent in December from a downward revised 24.4 percent in November, Hellenic Statistical Authority (ELSTAT) labour force survey displayed on Thursday.
CPI falls at a slower pace of 0.5 pct in February
Τhe Greek Consumer Price Index (CPI) fell by 0.5 percent in February after a 0.7 percent drop in January, Hellenic Statistical Authority (ELSTAT) data displayed on Thursday.
Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
Piraeus became on Wednesday the third Greek bank to report a net loss in Q4 of 2015 after declaring a profit in Q3.
Eurosystem funding slips by further 1.9 bln to 104.2 bln in Feb
Greek banks’ Eurosystem funding continued heading south for the eighth straight month in February, when it dropped by 1.86 billion to 104.23 billion, the Bank of Greece's (BoG) monthly financial statement showed on Wednesday.
Trade deficit drops 5.1 pct in January, exports down 8.1 pct
Greece’s trade deficit fell at a decelerating pace by 5.1 percent in January from 14.3 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Turnover in the tourism sector falls 8 pct in Q4, first negative reading since Q1 2013
The Turnover Index in Accommodation and Food Services dropped by 8 percent year on year (YoY) in the fourth quarter (Q4) of 2015 from a revised rise by 5.2 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures displayed on Wednesday.
Net job hirings of 14,437 in the Greek private sector in February
The employment balance displayed net hirings of 14,437 in February, down by 687 from last year’s figure of 15,124, the Labour Ministry’s information system (Ergani) data showed on Tuesday.
Bailout review to continue in Athens, lenders identify key tasks ahead
The Eurogroup held in Brussels on Monday concluded that the institutions’ mission chiefs will return to Athens as soon as Tuesday to resume discussions on the ground with the aim of a swift conclusion of the first programme review by Easter.