Economy
NBG boosts capital base by selling total stake in Finansbank
National Bank of Greece (NBG) announced early on Tuesday that it has entered into a definitive agreement with Qatar National Bank (QNB) for the sale of a 99.8 percent stake in its Turkish arm Finansbank for a total consideration of 2.75 billion euros.
Industrial turnover dives 18.9 pct in Oct, highest drop over last six years
The drop in Greece’s Turnover Index in Industry accelerated to 18.9 percent in October from a revised 14.2 percent in September, Hellenic Statistical Authority (ELSTAT) figures displayed on Monday.
Current account turns to a surplus of 314 mln in Oct on contracting goods deficit
Greece's current account (C/A) balance turned to a surplus of 314.2 million euros in October 2015 from a deficit of 456.1 million last year, Bank of Greece (BoG) data showed on Monday.
Strong rebound of 7.7 pct in week for Greek stocks with jump in trading activity
Greek shares rebounded 7.7 percent this week for the first time in the last four weeks amid a jump in trading activity triggered by the introduction of new NBG shares last Monday and indices rebalancing.
Last round of Greek banks' recapitalisation drastically shifts shareholder structures
The introduction of Greek banks’ new shares for trading officially completed their last recapitalisation process. These shares largely resulted from the international bookbuilding process and the voluntary bond swap offers (LME).
Gov't postpones discussion on parallel programme ahead of tranche approval
The government postponed on Thursday the Parliamentary discussion on the draft bill of the so called “parallel programme” that was tabled in Parliament on December 15.
Unemployment rate fell further to 24 pct in Q3 on seasonally increased employment
The Greek non-seasonally-adjusted unemployment rate slipped for the second straight quarter to 24 percent in the third quarter (Q3) of 2015 from 24.6 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Primary cash surplus notably widens by 1.9 bln to 4.48 bln by November
Greece’s central government primary cash surplus notably widened by 72 percent to 4.48 billion in the 11-month period of 2015 from 2.6 billion in the corresponding period last year, Bank of Greece (BoG) figures showed on Thursday.
Court ruling creates new complication for gov't, this time with property tax
According to reports, the plenary of the Council of State has decided that the statutory (“objective”) prices for real estate should be retrospectively adjusted as of May 21, 2015.
Marked rise in expenditure leads to a budget primary deficit in Nov
Greece’s budget primary balance turned to a deficit of 184 million euros in November following an impressive performance in the previous month when it showed a surplus of 1.46 billion, the Finance Ministry (MoF) preliminary budget figures showed on Tuesday.