Greece’s Consumer Price Index (CPI) increased by 1 percent in April following a rise of 0.9 percent in March, Hellenic Statistical Authority (ELSTAT) said on Friday.
There has been a highly sceptical reaction from the institutions to the fiscal expansionary measures announced by the Greek government this week, including a reduction to VAT rates and a bonus for pensioners.
Greece’s seasonally adjusted (SA) unemployment rate stayed under 19 percent for a seventh consecutive month in February and came to 18.5 percent from a slightly upward revision of January’s rate to 18.6 percent, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
The Hellenic Telecommunications Organization S.A’s (OTE Group) results for the first three months (Q1) of 2019 showed a 0.2 percent rise in revenue compared to the same quarter last year.
The package of expansionary measures announced by Prime Minister Alexis Tsipras on Tuesday is due to be covered by the fiscal space the government expects over the coming years but also creates some doubt about the primary surplus targets agreed with the lenders.
The European Commission (EC) issued on Tuesday its regular spring forecasts for 2019, which showed that it is now expecting the country to grow by 2.2 percent this year compared to an estimation of 2 percent in the autumn forecast, and in line with the interim winter forecast.
After a disastrous set of full year results for 2018 which showed net losses of over half a billion euros from continued operations, the future of the Public Power Corporation (PPC) has been a topic of hot debate in recent weeks.
The government is due to table in Parliament on Monday draft legislation paving the way for debts to the tax office, social security funds and municipalities to be settled in up to 120 monthly instalments.
Greece submitted on Thursday the Stability Programme for the 2019–2022 period in line with the requirements of the European Parliament and the Council regulations, which also corresponds to the national medium-term fiscal plan.
Greece has received the green light for the latest round of debt relief measures and is set to move ahead with plans to repay part of the loans it has received from the International Monetary Fund early.