Greece’s Industrial Production Index (IPI) rose by 1.2 percent in June after May’s growth was revised up to 1.7 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday.
Coca-Cola HBC’s first-half (H1) 2018 results show that net sales revenue edged up by 0.5 percent compared to the same period last year.
Greek banks’ Eurosystem funding declined by 3.29 billion month-on-month (MoM), the Bank of Greece's (BoG) monthly financial statement has revealed.
Apart from its effect on the government’s cohesion and political outlook, the recent wildfire on the outskirts of Athens is also having an impact on the preparations for next year’s budget.
Greece’s trade deficit jumped by 30.9 percent year-on-year (YoY) in June, reversing the decline of 15.8 percent noted in May according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday.
The European Stability Mechanism confirmed on Monday that it has made the fifth and final disbursement of the third programme, marking the penultimate step in the MoU era for Greece.
Greece’s general government (gg) primary cash surplus came to 1.45 billion euros in the first six months of the year, down by 1.15 billion euros compared to the first half of 2017, according to the Finance Ministry’s (MoF) monthly gg bulletin.
All the hurdles have been cleared for Greece to receive the last tranche of the third and final bailout as focus shifts to the discussions that Athens is due to have with the institutions in the coming weeks, particularly on the issue of next year’s pension cuts.
With the programme exit now just around the corner and as credit rating agencies and investors start to view Greece’s banks through a more positive lens, the country’s lenders are taking steps to make the most of the current sentiment.
Greece is anticipating another record-breaking year of tourism arrivals this year according to reports from several industry bodies as well as the Bank of Greece. An estimated 30 million visitors are expected to visit the country this year.