Economy
Central government debt rises to 345.38 billion in Q2
Greece’s central government debt rose by 1.64 billion to 345.38 billion euros quarter-on-quarter (QoQ) in the second quarter (Q2) of 2018, from 343.74 billion in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Monday.
June current account shows surplus of 208.8 million as imports outpace exports
Greece’s current account (C/A) balance recorded a surplus of 208.8 million euros in June, strengthening from the surplus of 191.5 million euros in May, Bank of Greece (BoG) figures showed on Monday.
July primary cash surplus at 6.75 bln as revenue rise outstrips expenditure
Greece’s central government primary cash balance recorded a surplus of 6.75 billion euros in the first seven months of the year, Bank of Greece (BoG) figures have shown.
Special tax structure would benefit hotels and jobs, bank argues
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Hotels in Greece would benefit from a more favourable tax framework in order to create jobs and harness investments, Alpha Bank’s weekly financial bulletin has highlighted.
Employment balance year-to-date posts record despite more departures in July
The employment balance turned negative in July, with departures outpacing hirings by 8,610 data from the Labour Ministry’s Ergani information system revealed on Wednesday.
Budget surplus beats July target on lower investment spending as tax refunds fall short
Greece’s budget primary balance came to a surplus of 2.09 billion euros in the first seven months of 2018, according to the July preliminary budget execution bulletin published by the Finance Ministry (MoF) on Tuesday.
Eighteen core goods led exports during crisis, NBG study notes
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A core group of 18 products made up the backbone of Greek exports during the crisis years, according to a study compiled by the National Bank of Greece (NBG).
Unpaid contributions rise to 33.86 bln as more legacy debtors added
The stock of unpaid social security contributions (SSCs) increased to 33.86 billion euros in the second quarter (Q2) of 2018, increasing by nearly 2 billion compared to the figure of 31.87 billion euros registered in the first quarter (Q1) of the year, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
Growth conditions improving but more work needed over longer term, PBO suggests
The Parliament Budget Office's (PBO) second quarter (Q2) report, published recently, examined the current economic conditions in Greece but also how exports and imports have evolved during the crisis.
Fitch upgrades Greek rating to 'BB-', three notches from investment grade
Fitch on Friday raised its credit rating for Greece by two notches to ‘BB-’ from ‘B’, while the outlook was updated to stable from positive.