Economy
Pension outlay still falling, 40.4 pct of main monthly payments below 500 euros
The Labour Ministry's Computer Centre for Social Security Services (IDIKA) most recent report from the Unified System of Control and Pension Payments (ILIOS), which estimates pension payments on a monthly basis, showed that a total of 4.5 million pensions were paid in September 2018.
Minimum wage increase set for end of January amid concerns about economic impact
Greece’s Labour Ministry is moving ahead with plans to increase the country’s minimum wage between 5 and 10 percent amid calls for caution over such measures.
Travel balance rises by 73.5 pct in Nov, 9.7 pct in aggregate period
Greece’s travel balance grew by 73.5 percent in November following a rise of 21.4 percent in October, Bank of Greece (BoG) data has shown.
December hirings balance positive by 5,970 with annual balance for 2018 up by 141,003 places
The employment balance moved back into positive territory in December after two negative months with 5,970 more hirings than departures, according to data from the Labour Ministry’s Ergani information system.
November current account deficit at 1.41 bln as import value outstrips exports
Greece’s current account (C/A) balance recorded a deficit 1.41 billion euros in November compared to a deficit of 871.3 million in October, Bank of Greece (BoG) figures showed on Monday.
Second post-MoU review set to begin as Athens eyes return to bond markets
The second review of the enhanced surveillance period is due to get underway in earnest on Tuesday, when the institutions’ mission chiefs are expected to hold their first meeting of the year in Athens with government officials.
S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
Standard and Poor’s opened the credit rating review cycle of the new year for Greece by affirming its ‘B+’ rating, which it granted in June of last year following the Eurogroup decisions for additional debt relief that essentially marked the successful completion of the country’s third adjustment programme.
Industrial turnover rises by 7 pct in November
Greece’s industrial turnover rose by 7 percent year-on-year (YoY) in November after a slightly upward revised increase of 17.9 percent in October, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Primary cash surplus at 16.19 bln in 2018, 3.18 bln spent on reducing arrears
Greece’s central government primary cash balance recorded a surplus of 16.19 billion euros in 2018, Bank of Greece (BoG) figures have shown.
Lenders put spotlight back on pending reforms ahead of second post-MoU review
As Greece approaches the six-month mark after officially exiting its final bailout programme, the government’s to-do list still remains substantial.