Economy
Trade deficit jumps by 28.1 pct in March
Greece’s trade deficit rose substantially by 28.1 percent year-on-year (YoY) in March, compared to a drop of 3.5 percent in February, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
CPI rises by 1 pct in April
Greece’s Consumer Price Index (CPI) increased by 1 percent in April following a rise of 0.9 percent in March, Hellenic Statistical Authority (ELSTAT) said on Friday.
Lenders highlight risks of 'short-term popular' measures unveiled by government
There has been a highly sceptical reaction from the institutions to the fiscal expansionary measures announced by the Greek government this week, including a reduction to VAT rates and a bonus for pensioners.
Unemployment for Feb comes to 18.5 pct
Greece’s seasonally adjusted (SA) unemployment rate stayed under 19 percent for a seventh consecutive month in February and came to 18.5 percent from a slightly upward revision of January’s rate to 18.6 percent, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
OTE's revenues rise by 0.2 pct in Q1
The Hellenic Telecommunications Organization S.A’s (OTE Group) results for the first three months (Q1) of 2019 showed a 0.2 percent rise in revenue compared to the same quarter last year.
Athens plans to use cash buffer to create fiscal leeway for expansionary measures
The package of expansionary measures announced by Prime Minister Alexis Tsipras on Tuesday is due to be covered by the fiscal space the government expects over the coming years but also creates some doubt about the primary surplus targets agreed with the lenders.
EC spring forecast sees growth of 2.2 pct in 2019, 2020 but warns of hampered public investments
The European Commission (EC) issued on Tuesday its regular spring forecasts for 2019, which showed that it is now expecting the country to grow by 2.2 percent this year compared to an estimation of 2 percent in the autumn forecast, and in line with the interim winter forecast.
Fears and reassurances over PPC's dire finances
After a disastrous set of full year results for 2018 which showed net losses of over half a billion euros from continued operations, the future of the Public Power Corporation (PPC) has been a topic of hot debate in recent weeks.
Ministers unveil lengthy payment schemes for unpaid taxes and contributions
The government is due to table in Parliament on Monday draft legislation paving the way for debts to the tax office, social security funds and municipalities to be settled in up to 120 monthly instalments.
Athens revises projections in Stabilty Programme, sees more fiscal space in coming years
Greece submitted on Thursday the Stability Programme for the 2019–2022 period in line with the requirements of the European Parliament and the Council regulations, which also corresponds to the national medium-term fiscal plan.