Economy
Deposits up by 1.54 bln in April, rising for second consecutive month
Net deposit movement in the Greek banking system turned positive by 1.54 billion in April after inflows of 1.22 billion euros in March, Bank of Greece (BoG) figures revealed.
Economic sentiment shows slight rise to 100.8 in May
Greece’s economic sentiment (ESI) edged up by +0.3 points in May to 100.8 points, European Commission (EC) figures revealed on Tuesday.
Primary surplus target still on lenders' agenda despite snap elections
There have been reports that the European Commission might not publish its third enhanced surveillance report next week, but it is certain that the issue of meeting this year’s fiscal targets will not disappear for the current Greek government or its successor.
Budget primary surplus confirmed at 1.46 bln in April, above target by 2.31 bln on higher revenues
The budget primary balance recorded a surplus of 1.46 billion euros in the first four months of 2019, compared to a surplus of 1.80 billion noted in April 2018, the Finance Ministry (MoF) final budget execution bulletin confirmed on Monday.
Payment plans for overdue debts launched as Athens looks for revenue boost
There appears to have been keen interest in the schemes launched this week allowing taxpayers to settle their unpaid taxes and social security contributions in up to 120 instalments, possibly boosting the government’s efforts to convince the institutions that Greece will be able to meet its fiscal targets this year.
Titan Cement turnover up by 12.5 pct in Q1, net results fall on FX movement
Titan Group’s financial results for the first quarter (Q1) of 2019 showed that group turnover rose by 12.5 percent year-on-year (YoY).
Travel balance at 94.8 mln in Mar and 211.9 mln in three-month period
Greece’s travel balance edged down by 94.8 million in March from 95.1 million a year ago, Bank of Greece (BoG) data has shown.
April hirings balance positive by 110,895, aggregate balance highest on record
The employment balance was positive in April with 110,895 more hirings than departures, data from the Labour Ministry’s Ergani information system showed.
OECD lowers growth forecast, warns Athens to maintain fiscal credibility
The OECD published on Tuesday its latest global economic outlook in which it has slightly revised downward its forecasts for Greece’s economic growth over the next two years.
New overdue taxes rise by 489 mln in Mar, total legacy and new debt at 104.5 bln
The month-on-month rise in Greece's new tax debt came to 489 million euros in March, data from the Independent Authority of Public Revenues (IAPR) has shown.