The turnover index in accommodation and food services dropped into negative territory in the first quarter of Q1, showing a fall of 19.2 percent compared to Q4’s upward revised increase of 2.9 percent, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Greece’s trade deficit fell by 5.2 percent (YoY) in April compared to a rise of 28.1 percent in March, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
Greece’s official creditors have recently expressed at various levels their concerns about whether the country will be able to meet its fiscal commitments after adopting a new batch of expansionary measures last month, so it was no surprise that this issue was explored extensively in the latest post-programme surveillance report published by the European Commission.
Greece’s seasonally adjusted (SA) unemployment rate stayed under 19 percent for an eighth consecutive month in March and came to 18.1 percent following a slightly downward revision of February’s rate to 18.4 percent, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
Greece’s general government (gg) primary cash surplus came to 1.68 billion euros in the first four months of the year, down by 742 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
The Greek Organisation of Football Prognostics (OPAP) has released its Q1 results for 2019 showing that gross gaming revenues (GGR) came to 396.0 million euros, a year-on-year (YoY) increase of 5 percent.
The European Commission issued on Wednesday its third report of the enhanced surveillance period, highlighting concerns about the fiscal impact of the government’s expansionary measures and noting a slowdown in reforms.
A major NPL deal moved closer towards realisation yesterday when Piraeus Bank announced that it had entered into a strategic agreement with Intrum for the management of NPLs worth a total of 27 billion euro via a special purpose vehicle.
Greece’s seasonally adjusted (SA) GDP increased by 0.2 percent quarter-on-quarter (QoQ) in the first quarter (Q1) of 2019 after a decline of -0.1 percent seen in Q4 2018, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday.
The European Commission is due to publish on Wednesday the third enhanced surveillance report, highlighting that recent fiscal interventions by the government have cast doubt over whether this year’s primary surplus target will be reached.