Net deposit movement in the Greek banking system remained positive with inflows of 1.36 billion in June, building on inflows of 919.4 million in May, Bank of Greece (BoG) figures revealed on Wednesday.
Credit contraction in the Greek market softened to 1.2 percent in June from a contraction of 1.9 percent in May, Bank of Greece (BoG) figures released on Wednesday showed.
Greek household disposable income grew by 2.1 percent year-on-year in the first quarter (Q1) of 2018, picking up from the increase of 0.4 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
The budget primary balance was confirmed at a surplus of 635 million euros in the first six months of 2018, the Finance Ministry (MoF) final budget execution bulletin for June showed on Tuesday.
Greece’s travel balance rose sharply by 38.2 percent in May, recovering strongly from April’s decline of 29 percent, Bank of Greece (BoG) data revealed on Tuesday.
Greece’s current account (C/A) balance recorded a surplus of 191.5 million euros in May, reversing the deficit of 1.34 billion noted in April, Bank of Greece (BoG) figures showed on Monday.
Having updated Greece’s credit rating ahead of schedule at the end of last month in response to the June 21 Eurogroup decision and the conclusion of the third programme, S&P kept the country’s rating unchanged to ‘B+’ during its regular update cycle on Friday.
Greece’s industrial turnover continued its positive streak this year with an increase of 11.4 percent in May after April’s figure was slightly revised down to 6.5 percent, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
The IMF has reiterated its key recommendations for Athens and placed strong emphasis on labour policies and continuing reforms that will foster growth and facilitate investment.
The privatisation of Hellenic Petroleum (HELPE) inched forward as the tender process for a 50.1 percent stake in the oil refinery entered a new phase.