Budget surplus beats July target on lower investment spending as tax refunds fall short
Unpaid contributions rise to 33.86 bln as more legacy debtors added
Growth conditions improving but more work needed over longer term, PBO suggests
Building permits up by 4.4 pct in May and 5.3 pct in first five months
Apartment prices increase by 0.8 pct in Q2 for first rise since Q4 2008
CPI up by 0.9 pct in July to mark fourth consecutive rise
Athens rushing to reduce arrears and secure 800 mln in bailout funds
The Greek Finance Ministry finds itself in a race against time to meet the target of paying back some of its arrears to the private sector and secure the last part of the European Stability Mechanism (ESM) disbursement worth 800 million euros.
Following the conclusion of the second review, the ESM board approved on July 7 the disbursement of 8.5 billion euros to Greece in two instalments. The first was released immediately to meet 6.9 billion euros of debt obligations and 800 million euros fo...
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