Economy
Tweaks to proposal on protection of main homes likely to be needed
It appears that the Greek government still has work ahead of it to refine the proposal for the protection of primary residences as the institutions have a number of objections.
Central government debt increases by 2.91 bln to 358.95 bln in Q4
Greece’s central government debt rose by 2.91 billion euros to 358.95 billion euros quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2018, from 356.03 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.
Industrial turnover falls by 0.9 pct in December for first negative reading of 2018
Greece’s industrial turnover fell by 0.9 percent year-on-year (YoY) in December after a revised increase of 7.5 percent in November, Hellenic Statistical Authority (ELSTAT) data published on Tuesday showed.
New overdue taxes rise by 1.25 bln in Dec, total for 2018 at 106.62 bln
The month-on-month rise in Greece's new tax debt came to 1.25 billion in December, increasing from November’s figure of 857 million data from the Independent Authority of Public Revenues (IAPR) showed this week.
EU officials suggest frantic days ahead for Athens until March 11 Eurogroup
Comments made to Reuters by European officials regarding the possibility of eurozone finance ministers delaying a decision to disburse up to 750 million euros to Greece on March 11 have raised concerns in Athens, where the Finance Ministry is waiting for a response from Brussels to its proposal for a new scheme to protect primary residences from foreclosure.
Hirings balance negative by 22,333 in January
The employment balance turned negative in January with 22,333 more departures than hirings for the month after December’s positive balance of 5,970, data from the Labour Ministry’s Ergani information system showed.
Budget primary surplus beats Jan target by 706 mln on significant underspend
Greece’s Finance Ministry issued on Friday the first budget execution update for 2019, with the preliminary data showing that the primary surplus settled at 603 million euros, against a deficit target of 103 million euros.
Athens waits for response from institutions on primary residences proposal
The government and the banks are waiting for a response this week from the institutions and the European banking supervisory authorities regarding the proposal for the framework that will succeed the Katseli law.
Piraeus Port Authority net profits increase to 27.9 mln in 2018
The Piraeus Port Authority (PPA) has released its annual financial statement for 2018, which revealed that turnover rose by 19.2 percent year-on-year.
Government and banks reach deal over new scheme to protect main homes
The government and Greece’s bankers appear to have reached an agreement on the framework to protect primary residences from foreclosure when the extension to the Katseli law runs out at the end of February.