Economy
Crisis-era productivity in Greece lowest among OECD countries
A study by the Organisation for Economic Cooperation and Development (OECD) examining productivity levels over the last seven years found that Greece was the only country surveyed where productivity fell over the period.
Deposits inflows reach 840.6 mln in July driven by time deposits
Net deposit movement in the Greek banking system continued to stay on positive ground with inflows of 840.6 million in July, albeit falling from inflows of 1.36 billion in June, Bank of Greece (BoG) figures revealed on Tuesday.
Credit contraction at 1.5 pct in July, balance at 177.56 bln
Credit contraction in the Greek market deepened to 1.5 percent in July from 1.2 percent in June, Bank of Greece (BoG) figures released on Tuesday showed.
Budget primary surplus confirmed at 2.05 bln in July on lower PIB expenditure
The budget primary balance was confirmed at a surplus of 2.05 billion euros in the first seven months of 2018, the Finance Ministry (MoF) final budget execution bulletin for July showed on Friday. Last year’s figure for the same period came to 3.02 billion.
Greek banks push for return to normality
Greece’s banks form a crucial element in the country’s road to economic recovery, and recent indicators point to signs of a delicate improvement.
Focus turns to first post-MoU visit by creditors and talks on pension cuts
Greece’s post-programme era, which officially began on Tuesday, is to start in earnest on September 10, when the institutions are due to return to Athens for the first round of discussions with the government.
Travel balance increases by 16 pct in June and 19.5 pct in first half of year
Greece’s travel balance rose by 16 percent in June, slowing from an increase of 38.2 percent in May, Bank of Greece (BoG) data revealed on Tuesday.
Industrial turnover up by 17.4 pct in June for highest rise in year so far
Greece’s industrial turnover reported an increase of 17.4 percent in June, strengthening from an upward revised rise of 11.9 percent in May, Hellenic Statistical Authority (ELSTAT) data published on Monday showed.
Central government debt rises to 345.38 billion in Q2
Greece’s central government debt rose by 1.64 billion to 345.38 billion euros quarter-on-quarter (QoQ) in the second quarter (Q2) of 2018, from 343.74 billion in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Monday.
June current account shows surplus of 208.8 million as imports outpace exports
Greece’s current account (C/A) balance recorded a surplus of 208.8 million euros in June, strengthening from the surplus of 191.5 million euros in May, Bank of Greece (BoG) figures showed on Monday.