Economy
Travel balance rises in Feb as arrivals jump by 20.7 pct in first two months
Greece's travel balance recorded a surplus of 111.7 million euros in February, compared to 112.6 million euros in January, according to data released by the Bank of Greece (BoG) on Monday.
S&P ups outlook to positive, leaves rating at 'BBB-'
S&P published the latest credit rating review for Greece, where the rating was left unchanged at ‘BBB-‘, while the outlook was upgraded from stable to positive. S&P had granted the investment grade to GGBs in October last year, followed by Fitch in December.
Industrial turnover grows by 3.1 pct in Feb, led by mining and domestic market
Greece’s industrial turnover remained in growth in February, rising by 3.1 percent year-on-year (YoY) from a 3.1 percent increase in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Current account records sharp deficit of 3.16 bln in Feb as goods balance deteriorates
Greece’s current account recorded a deficit of 3.16 billion euros in February, from a surplus of 1.7 billion euros in January, Bank of Greece (BoG) data showed on Friday.
IMF sees 2024 growth at 2 pct, debt on downward trend due to high primary surpluses
During the Spring meetings held by the International Monetary Fund and the World Bank in Washington this week, the IMF presented its latest global estimates as part of the World Economic Outlook and the Fiscal Monitor.
Government tones down fiscal pledges as tighter framework starts to bite
The tight fiscal framework imposed by the new Stability and Growth Pact rules and Greece's long-standing commitment to primary surpluses above 2 pct of GDP for decades are catching up with the Greek government, as the window that allowed for handouts and support initiatives thanks to the escape clause is now firmly closed.
Budget outperforms in Mar, delivers 2.95 bln primary surplus thanks to strong tax collection
The budget primary balance recorded a surplus of 2.95 billion euros in March, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
Import price drop slows further to 2.8 pct in Feb
Greece’s import price index remained in contraction in February, falling by 2.8 percent year-on-year (YoY), after dropping by 6.4 percent in January, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Car sales contract in March, up 4 pct YoY in Q1
Road motor vehicles going into circulation for the first time contracted by 9.2 percent year-on-year (YoY) in March, after a strong growth rate of 21.2 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Industrial Production growth slows to 1.6 pct YoY in Feb as electricity supply drops
Greece’s Industrial Production Index (IPI) slowed down significantly in February, growing by 1.6 percent year-on-year (YoY), after a solid 10.2 percent rise in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.