Economy
Deposits rise by 1.77 bln in June
Net deposit movement in the Greek banking system stayed positive by 1.77 billion euros after a smaller increase of 561.6 million euros in May, Bank of Greece (BoG) figures revealed on Wednesday.
Credit contraction stays at 0.2 pct in Jun, balance at 161.16 bln
Credit contraction in the Greek market stayed at 0.2 percent in June, unchanged from May, Bank of Greece (BoG) figures showed on Wednesday.
Finance Ministry faces balancing act as it starts to draft 2020 budget
The Finance Ministry is getting down to the business of drafting the first version of the 2020 budget, which will have to achieve the key economic goals pledged by New Democracy but also satisfy Greece’s lenders.
Disposable income rises by 4.9 pct YoY in Q1, final consumption up by 0.2 pct
Greek household disposable income grew by 4.9 percent year-on-year (YoY) in the first quarter (Q1) of 2019, notably increasing from the rise of 1.7 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Hatzidakis announces strategy for partial privatisation of PPC
The government has announced its plans for rescuing the state power corporation, the Public Power Corporation (PPC) and save it from collapse.
Travel balance up by 7.8 pct in May, aggregate visitors edge down 0.9 pct
Greece’s travel balance rose to 1.36 billion euros in May from 200.3 million euros in April, Bank of Greece (BoG) data has shown. This reflects an annual rise of 7.8 percent.
New Democracy tax pledges put spotlight on available fiscal space
Following the announcement by Prime Minister Kyriakos Mitsotakis on Saturday of immediate tax cuts, with others to follow, focus is turning to the government’s ability to find the fiscal space necessary to implement the measures while also meeting the primary surplus target for this year and 2020.
Industrial turnover drops by 2.3 pct in May
Greece’s industrial turnover fell by 2.3 percent year-on-year (YoY) in May compared to a rise of 13.4 percent in April, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Current account balance shows surplus of 300.6 mln in May
Greece’s current account (C/A) balance came to a surplus of 300.6 million in May from a deficit of 1.40 billion euros in April according to Bank of Greece (BoG) figures released on Friday.
New government holds first talks with creditors, may opt for cautious fiscal approach
Greek government officials held introductory talks with the representatives of the institutions on Thursday as New Democracy fleshes out its plans to address key economic issues.