Economy
Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
Greece’s final budget execution data confirmed preliminary figures released on February 12 and showed the primary surplus halved to 443 million euros in January from 835 million last year.
The numbers behind Greece's reform proposals
The reform list sent by Greece to its lenders was approved as a “valid starting point” for the review process despite not containing any numbers. We attempt here to provide a framework for some of the key economic aspects of the document.
Relief at Greek extension approval evident in Athens bourse, bond yields
The Athens Stock Exchange rebounded strongly on Tuesday after the Greek government sent its reform list to the Eurogroup, which later approved the extension of the country's loan agreement.
Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln
Greece's travel receipts rose by a mere 1 percent year on year (YoY) in December from 30.7 percent in November, according to the Bank of Greece (BoG).
Greece sets out broad reform plan for lenders' approval
With a letter sent to Eurogroup President Jeroen Dijsselbloem on Monday evening, the Greek government detailed the reforms it aims to start implementing over the next four months.
Finance Ministry outlines plans for making savings, increasing revenues
Friday’s Eurogroup agreement has increased the pressure on the government to make savings and increase its revenues.
Greece and eurozone reach tentative deal, much undecided
The Eurogroup initially approved the extension of Greece's current Master Financial Assistance Facility Agreement (MFAFA) for up to four months (end of June), which is two months short of what Athens requested on Thursday.
Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
Greece’s central government debt rose by 2.4 billion quarter on quarter (QoQ) to 324.13 billion at the end of the fourth quarter (Q4) of 2014 from 321.73 billion at the end of Q3, according to the Finance Ministry debt bulletin.
Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
Greece's current account (C/A) balance showed a deficit for the third successive month in December, when it reached 870 million euros, which was more than 3.5 times higher than last year’s figure, according to the Bank of Greece (BoG).
Greek industrial turnover plummets by 8.9 pct in Dec as manufacturing suffers
The Turnover Index in Industry headed south for the second straight month in December but at an accelerating pace of 8.9 percent from 0.7 percent in November, according to the Hellenic Statistical Authority (ELSTAT).