Macroeconomy
Deposit outflows eased to 3.86 bln in May, balance below 130 bln
Greek private sector deposit outflows eased to 3.86 billion in May from 4.66 billion in Apr, according to the Bank of Greece (BoG).
Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
Greece’s budget execution figures confirmed the 5-month primary surplus was at 1.51 million - more than double compared to last year’s 707 million, according to the Finance Ministry (MoF) final budget bulletin released on Thursday.
Eurosystem funding for Greek banks up by 3.56 bln in May to reach 116.4 bln
Greek banks’ Eurosystem funding increased for the eighth straight month in May but at a slower pace of 3.56 billion euros compared to 5.66 billion in April, according to the Bank of Greece's (BoG) monthly financial statement published on Tuesday.
Travel receipts rise by 16.3 pct in April on jump in arrivals
The growth rate of Greece's travel receipts accelerated to 16.3 percent in April from 13.3 percent in March, according to the Bank of Greece (BoG).
Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
Greece’s central government primary cash surplus remained almost unchanged at 1.065 billion in the 5-month period of 2015, from 1.057 billion last year, according to the Bank of Greece (BoG).
Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
Greece's current account (C/A) deficit narrowed by 17 percent to 955 million euros in April from 1.15 billion last year, according to the Bank of Greece (BoG).
Unpaid taxes rise by 1.03 bln in May, taking total to 77.88 bln
The increase in Greece’s new unpaid taxes accelerated to 1.03 billion euros in May from 737 million in April, according to data released by the General Secretariat of Information Systems (GSIS).
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2013/11/05/younggreeks_1000_myrto_0411-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Unemployment, cronyism and corruption fuel Greek brain drain
Unemployment, cronyism and corruption are the main reasons pushing Greece’s educated youth to seek work abroad, according to research recently conducted by the business services ICAP Group.
Bank of Greece warns of dangers in failure to reach deal with lenders
In its biannual Monetary Policy report published on Wednesday, the Bank of Greece (BoG) makes clear its belief that it is of paramount importance that the Greek government conclude an agreement with official lenders, describing it is a “historical imperative the country cannot afford to ignore.”
Most services in Greece see turnover improve in Q1
The evolution of the turnover indices for the services sector displayed an improvement for the second consecutive quarter in Q1 2015, with 11 out of 14 service activities posting a rise, according to the Hellenic Statistical Authority (ELSTAT).