Economy
EC report analyses state of play with privatisations as HELPE hits obstacle
The European Commission’s (EC) update on its enhanced surveillance report on Greece, released on April 3, contains a number of points including the current state of play with privatisations.
Early IMF repayment next goal for Athens after concluding second post-MoU review
The Greek government is aiming to come to an arrangement with its lenders in the coming days so that it can pay off early at least some of the 10 billion euros it owes to the International Monetary Fund.
Trade deficit drops by 3.5 pct in Feb
Greece’s trade deficit fell by 3.5 percent year-on-year (YoY) in February, compared to an increase of 5.1 percent in January, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
Greece’s general government (gg) primary cash surplus came to 2.91 billion euros in the first two months of the year, down by 272 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Eurosystem funding falls by 1.24 bln in Jan, banknotes in circulation fall below Nov 14 figure
Greek banks’ Eurosystem funding declined by 1.24 billion euros month-on-month (MoM) in January, the Bank of Greece's (BoG) final financial statement for January 2019 has revealed.
IAPR annual data shows growing tax pile and pressure on middle-income taxpayers
The Independent Authority for Public Revenue (IAPR) has released annual figures for 2018 which show the growing pile of tax debt owed to the state as well as increased measures to confiscate amounts due from debtors.
Lenders deem second post-MoU review over, Athens waits for debt relief
The European Commission issued on Wednesday the update to its second post-programme surveillance report which should pave the way for the Eurogroup on Friday to approve the release of close to one billion euros in debt relief.
Central bank points out signs of recovery in business lending
The signs of recovery in the provision of credit to businesses in the Greek economy were presented in Bank of Greece’s (BoG) annual report on Monday.
Athens hopeful release of 970 mln will be approved at Friday's Eurogroup
There is growing optimism in Athens that Friday’s informal gathering of eurozone finance ministers will result in a green light for the disbursement of 970 million euros as part of the latest round of debt relief measures.
BoG underlines progress in NPE reduction but stresses need for systemic solution
In its annual report published on Monday, the Bank of Greece (BoG) provided an update regarding Non-Performing Exposures (NPE), which is the major challenge for the domestic banking system and in which the BoG has taken an active role by leading an initiative for a more systematic approach to improving banks’ balance sheets.