Economy
New government holds first talks with creditors, may opt for cautious fiscal approach
Greek government officials held introductory talks with the representatives of the institutions on Thursday as New Democracy fleshes out its plans to address key economic issues.
Primary cash balance at deficit of 24 mln in Jun
Greece’s central government primary cash balance recorded a deficit of 24 million euros in the first six months of the year according to figures released by the Bank of Greece (BoG).
Travel balance surplus up by 29 pct in Q1 to reach 165 mln
The balance of travel services came to a surplus of 165 million euros for the first quarter (Q1) of 2019 according to figures released by the Bank of Greece (BoG).
Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Greece’s debt management agency (PDMA) completed its debt issue strategy for 2019 with the issuance of a 2.5 billion, 7-year bond on Tuesday, which carried a coupon of 1.875 percent.
Lenders urge new government to meet fiscal targets as Athens issues 7-year bond
Just a few days after coming to office, the new government is aiming to take advantage of the positive sentiment in the markets by tapping investors with a 7-year bond.
Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
Greek banks’ Eurosystem funding rose by 539 million euros month-on-month (MoM) in June according to the monthly Bank of Greece's (BoG) financial statement.
Budget primary surplus at 382 mln in June
The budget primary balance recorded a surplus of 382 million euros in the first six months of 2019, compared to a deficit of 46 million noted in June 2018, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
Talks to begin on plan to rescue PPC from dire financial straits
One of the first orders of business for the new government is to tackle the beleaguered state-controlled energy company, the Public Power Corporation (PPC).
PPC, Hellenikon present government with first test of problem solving mettle
To the extent that government is an exercise in handling short-term obstacles thrown up by events, the dire state of Public Power Corporation’s (PPC) finances and unblocking the flagship Hellinikon investment are the first hurdles faced by Kyriakos Mitsotakis’s administration.
Building permits increase by 14.6 pct in April
Building permits rose by 14.6 percent year-on-year (YoY) in April, increasing from a drop of 14.4 percent in March, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.