Greece formally completed the eleventh post-programme review, which took place remotely in mid-July and was followed by regular consultations, with the report published on Wednesday by the European Commission.
The Parliamentary Budget Office (PBO) issued its latest quarterly report on Tuesday, noting the economic recovery but warning against complacency as the factors behind the solid GDP rebound in the second quarter are circumstantial and transitory.
The momentum of positive developments in the Greek banking sector is growing as systemic lenders appear to be leaving behind them, with gradual but steady steps, the legacy issues of the decade-long debt crisis that damaged their balance sheets.
Greece’s travel balance came to a surplus of 2.14 billion euros in July, from 610.2 million a year ago, when the tourism sector made the first tentative steps after the pandemic outbreak, according to Bank of Greece (BoG) data released on Tuesday.
Greece’s seasonally adjusted (SA) Wages Index in the second quarter (Q2) rose by 2.5 percent year-on-year (YoY), slowing down from the 5.8 percent increase in Q1 2021, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday.
Greece posted a current account (C/A) surplus of 538.1 million euros in July, from a deficit of 1.34 billion euros in June, Bank of Greece (BoG) data showed on Monday.
Greece’s industrial turnover increased by 25.2 percent year-on-year (YoY), from 22.4 in June, data from the Hellenic Statistical Authority released on Monday showed.
The budget primary balance recorded a deficit of 6.39 billion euros in the first eight months of 2021, compared with a deficit of 5.48 billion in the same period last year, the preliminary Finance Ministry (MoF) budget execution data showed on Thursday.
In the second quarter of the year (Q2), loans managed by Credit Servicing Firms (CSF) stood at 61.75 billion euros, according to data released by the Bank of Greece (BoG) on Thursday.
Greece’s non-seasonally adjusted unemployment rate was 15.8 percent in the second quarter of the year (Q2), from 17.1 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.