Economy
Primary surplus at 1.24 bln in Feb on lower spending and recovering revenues
Greece’s budget execution showed the year to date primary surplus stood at 1.24 billion euros in February, which means it is down 40 percent but the underperformance has been trimmed to just 168 million from 1.37 billion in January, according to the Finance Ministry (MoF) preliminary budget bulletin published on Friday.
Turnover in services sector shows improvement in Q4 2014
Following a worsening in the prior three quarters, the evolution of the turnover indices for the services sector showed a marked improvement in the fourth quarter (Q4) of 2014.
Greek banks' Eurosystem funding at 13-month high of 104.2 bln in Feb as ELA rises
As expected, Greek banks’ Eurosystem funding climbed by another 16.77 billion euros month on month (MoM) to 104.25 billion at the end of February from 87.48 billion in January, according to the Bank of Greece's (BoG) monthly financial statement published on Thursday.
Building activity declines at slower rate of 6.4 pct in Dec
The rate of decline in the number of building permits issued slowed to 6.4 percent in December from 30.9 percent in November, according to the Hellenic Statistical Authority (ELSTAT).
Industrial production index inches upward in Jan following largely negative trend
The Greek Industrial Production Index (IPI) marginally rose by 0.1 percent in January after a downward revised 3.2 percent drop in December, according to the Hellenic Statistical Authority (ELSTAT).
Here's why Greece's fiscal difficulties will dominate the agenda
Apart from Greece’s funding needs and the means by which they will be covered until the disbursement of the pending bailout tranches of 7.2 billion euros, another pressing issue that will be closely monitored after technical discussions between Greece and the institutions began in Brussels on Wednesday is that of the fiscal performance and outlook for this year.
Unemployment rate edges up to 26.1 pct in Q4 2014
After easing in the prior two quarters, the non-seasonally-adjusted unemployment rose to 26.1 percent in the fourth quarter (Q4) of 2014 from 25.5 percent in Q3, according to the Hellenic Statistical Authority (ELSTAT).
General gov't primary surplus shrinks to 419 mln in January
The Greek general government (gg) primary cash balance showed the surplus shrinking to 419 million euros in January 2015, much lower than the 1.88 billion euros posted in January 2014, according the gg bulletin published by the Ministry of Finance (MoF).
Eurobank posts loss of 523.7 mln in Q4 2014
Eurobank posted a net loss of 523.7 million euros in the fourth quarter (Q4) of 2014 from 186.6 million in Q3.
Wages index rises at slower pace of 1.4 pct in Q4 2014
The seasonally adjusted Wages Index advanced, albeit at a slower pace, for the second consecutive quarter in the fourth quarter (Q4) of 2014, when it rose by 1.4 percent from 2.1 percent in Q3, according to the Hellenic Statistical Authority (ELSTAT).