Greece’s industrial turnover increased by 3.4 percent in March after February’s growth was revised upward to 3.9 percent, Hellenic Statistical Authority (ELSTAT) data published on Monday showed.
Greece’s current account (C/A) balance recorded a deficit of 955.8 million in March, improving against February’s deficit of 1.29 billion, Bank of Greece (BoG) figures showed on Monday.
After Greece and the institutions reached a staff-level agreement on Saturday, attention is turning to the implementation of the fourth review’s prior actions and the discussion on debt relief and post-programme monitoring between the creditors.
Greece and the institutions confirmed on Saturday that they have reached a staff-level agreement (SLA), which paves the way for a global agreement between all sides by June 21, the date targeted by Athens and the lenders.
Greece’s central government debt rose by 15.04 billion to 343.74 billion euros quarter-on-quarter (QoQ) in the first quarter (Q1) of 2018, from 328.70 billion in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Friday.
There appears to have been a breakthrough in the negotiations between Greece and the institutions regarding fiscal issues, which would remove one of the biggest obstacles towards reaching a staff-level agreement on May 24.
Greece’s central government primary cash surplus recorded a surplus of 7.45 billion euros in the first four months of the year, Bank of Greece (BoG) figures showed on Thursday.
Greece and the institutions took another step towards reaching a staff-level agreement on Wednesday as some issues were apparently settled, although much more needs to be done before talks in Athens wrap up on Saturday.
A leaked report by a consultancy firm on the Public Power Corporation (PPC) sent the majority state-owned entity’s stock price falling earlier this week after it raised concerns about PPC’s viability.
The institutions’ mission chiefs are due to begin talks with Greek government officials in Athens on Wednesday with the aim of reaching a staff-level agreement by next week.