Economy
Labour Ministry 2015 data shows increase in employment, marginal drop in average wage
The Labour Ministry published on Tuesday the annual report of its information system (Ergani) providing detailed figures on mostly private sector companies and their workers.
High unemployment, falling wages damaged sustainability of largest Greek pension fund
Employees insured with IKA, the largest main social security fund in Greece, lost more than 10 billion euros in annual wages over the last 5 years, according to the Federation of IKA employees (POSE-IKA).
PMI at 50 points in Dec as manufacturing shows signs of stabilisation
Greece’s Manufacturing PMI slightly fell to 50 points in January from 50.2 in December, Markit survey showed on Monday.
Unpaid social security contributions hit 15.35 bln at end of 2015
Unpaid social security contributions rose by 462 million euros quarter on quarter (QoQ) to 15.35 billion at the end of fourth quarter (Q4) of 2015.
Greek stocks rise by 3.5 pct after three weeks of decline in 2016
Τhe Greek stock market rebounded 3.5 percent this week but on thinner volumes, after cumulative losses of 15.4 percent in the first three weeks of the year.
Credit contraction slows to 2 pct in Dec on net loan additions of 210 mln
Greek bank credit contraction slowed to 2 percent in December from 2.2 percent in November, Bank of Greece (BoG) data showed on Friday.
Deposit inflows of 2.65 bln in Dec, highest positive flow since Feb 2013
The Greek banking system displayed deposit inflows of 2.65 billion euros in December following outflows of 390 million in November, Bank of Greece (BoG) figures showed on Friday.
Retail sales drop at a faster pace of 5.5 pct in Nov
The 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.
Deadline for liberalisation of household and SME NPLs looms closer
Apart from pension reform, one of the most socially and politically sensitive issues of the first programme review is the full liberalisation of the non-performing loan (NPL) market.
Economic sentiment improves 4 pts in Jan but consumer confidence worsens 2.8 pts
Greece’s economic sentiment (ESI) improved by another four points in January when it rose to 91.6, European Commission (EC) figures showed on Thursday.