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Photo by Angelos Christofilopoulos/Fosphotos Industrial turnover falls by 8.1 pct in August

Greece’s industrial turnover dropped by 8.1 percent year-on-year (YoY) in August following an upward revised increase of 4.8 percent in July, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.

Finance Ministry Athens buoyed by conclusion of budget talks but IMF lowers growth forecasts

The government submitted to the European Commission on Tuesday the draft 2020 budget after negotiations over the fiscal gap reportedly concluded successfully but, at the same time, the International Monetary Fund issued an indirect warning that Greece’s growth prospects for the coming years will be weaker than expected.

Photo by Manolis Tsafos/Fosphotos Budget primary surplus at 4.48 bln in September

The budget primary balance recorded a surplus of 4.48 billion euros in the first nine months of 2019, compared to a surplus of 2.53 billion noted in September 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Tuesday.

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