Economy
Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap
Comments by European Stability Mechanism managing director Klaus Regling have underlined that Greece and the institutions have yet to reach a formal agreement on the cancellation of next year’s pension cuts.
Travel balance up by 1.4 pct in August as EU arrivals jump by 17 pct
Greece’s travel balance rose by 1.4 percent in August, following a 15.9 percent rise in July, Bank of Greece (BoG) data revealed on Tuesday.
August current account shows surplus of 1.56 bln as deficit in primary income account grows
Greece’s current account (C/A) balance recorded a surplus of 1.56 billion euros in August, slightly lower than the figure of 1.58 billion euros in July, Bank of Greece (BoG) figures showed on Monday.
Revision confirms second year of total fiscal surplus at 0.8 pct of GDP
In the context of the second Excessive Deficit Procedure (EDP) notification of 2018, Greece’s statistical Authority (ELSTAT) announced on Monday the fiscal data for the 2014 – 2017 period. The data has been produced based on the Regulation ESA 2010 for the System of National Accounts.
Pensions spending stable but early retirees burden system
The Labour Ministry's Computer Centre for Social Security Services (IDIKA) recently published a report from the Unified System of Control and Pension Payments (ILIOS), which estimates pension payments on a monthly basis.
Athens edges towards compromise on pension cuts but may have to plug fiscal gap
It appears that the institutions are set to grant the Greek government’s request regarding the cancellation of the pension cuts that were due to kick in next year, but reports suggest that Athens and its lenders may still need to agree on a way to bridge an apparent fiscal gap in 2019.
Industrial turnover rises by 20.5 pct in August for highest increase since May 2017
Greece’s industrial turnover rose by 20.5 percent in August after July’s figure was slightly revised upward to 17.6 percent, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Primary cash surplus at 17.96 bln in Sept as expenditure for the month falls
Greece’s central government primary cash balance recorded a surplus of 17.96 billion euros in the first nine months of the year, Bank of Greece (BoG) figures have shown.
Greece 57th in WEF's Global Competitiveness Index based on new methodology
The World Economic Forum’s Global Competitiveness Index (GCI) for 2018 has shown that Greece fell four places in a year, standing at number 57.
Travel surplus rises by 17.4 pct in H1 as sharp rise in visitors drives receipts growth
The balance of travel services came to a surplus of 3.69 billion euros for the first half (H1) of the year, Bank of Greece (BoG) noted in its travel balance report for the first six months of the year.