August current account shows surplus of 1.56 bln as deficit in primary income account grows
Pensions spending stable but early retirees burden system
Industrial turnover rises by 20.5 pct in August for highest increase since May 2017
Primary cash surplus at 17.96 bln in Sept as expenditure for the month falls
Travel surplus rises by 17.4 pct in H1 as sharp rise in visitors drives receipts growth
GDP revision for 2017 points to slight improvement from initial estimates
FinMin sets out how it would alter policy mix to prevent pension cuts
In its efforts to avoid the politically sensitive issue of cutting pensions further, the Finance Ministry presented in the draft budget this week an alternative scenario consisting of a significantly different fiscal policy from the one included in the Medium-Term Fiscal Strategy (MTFS) this summer.
The issue of savings worth 2 percent of GDP for the post-programme period was pivotal for the completion of the second review in June 2017. This helped keep the International Monetary Fund involved, which was a basic requirement for certain core eurozon...
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