Gross international reserves stood at US$ 2.5bn end-March 2015
Gross international reserves stood at US$ 2.5bn (-0.7% m/m) and net foreign assets of NBG stood at US$ 2.2bn (-0.4% m/m) as of end-March 2015, according to NBG. The decrease in reserves was attributed to FX interventions as NBG sold US$ 40mn (1.6% of total) on 19 March, 2015. However, gross reserves decreased by just US$ 16.6mn due to a surplus from government FX operations (partly offsetting the decrease due to interventions).
Property registration and company registration up 8.1% m/m in March 2015
Property registration (commercial and residential real estate) increased 8.1% m/m and 10.9% y/y, reaching 49,025 units in March 2015, according to the National Agency of Public Registry (NAPR). Registration increased for both primary (+19.1% y/y, 18.1% of total) and secondary (+9.2% y/y, 81.9% of total) real estate.
Company registration increased 8.1% m/m and fell 5.5% y/y to 4,465 units in March 2015. Out of newly registered companies, 96.2% were business legal entities while 3.8% comprised non-entrepreneurial (non-commercial) legal entities.
