Economy
Budget primary surplus confirmed at 1.94 bln in 2017 on expenditure fall
The budget primary balance was confirmed at a surplus of 1.94 billion euros across the full 12 months of 2017, down by 30.1 percent against the figure for 2016, the Finance Ministry (MoF) final budget execution bulletin showed on Wednesday.
European Commission keeps DSA broadly same, stresses need for relief
The Compliance Report issued by the European Commission following the formal conclusion of the third review at Monday’s Eurogroup includes the updated Debt Sustainability Analysis (DSA) put together by the European institutions.
Disposable income grows by 0.8 pct in Q3, up from previous quarter
Greek household disposable income grew by 0.8 percent in the third quarter (Q3) of 2017, increasing on Q2’s growth of 0.2 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday.
Travel balance up by 81.4 pct in November, foreign arrivals increase
Greece’s travel receipts increased by 81.4 percent year-on-year in November, compared to a rise of 14.2 percent noted in October, Bank of Greece (BoG) data revealed on Tuesday.
Eurosystem funding rises by 786 mln in December, banknotes in circulation rise
Greek banks’ Eurosystem funding rose by around 786 million euros in December, Bank of Greece's (BoG) monthly financial statement revealed on Monday.
Lenders set ambitious e-auction targets for Athens
Greece’s lenders have made it clear that they will keep a close eye on the unhindered conduct of auctions throughout Greece by attaching it as a condition for the second disbursement from the 6.7 billion tranche that was approved at yesterday’s Eurogroup.
Eurogroup sets up completion of third review, plans for programme's end
The Eurogroup reached on Monday what its new president, Portugal’s Mario Centeno, called a “political agreement” regarding the conclusion of Greece’s third review and the next loan disbursements for Athens.
November current account deficit at 954 mln, goods balance improves
Greece’s current account (C/A) balance recorded a deficit of 954 million euros in November, deepening from the deficit of 624.1 million euros recorded in October, Bank of Greece (BoG) figures showed on Monday.
Athens set for 6.7 bln bailout tranche, talks on post-MoU framework
Monday’s Eurogroup is expected to confirm that the third review has been completed and that Athens will be able to receive its next tranche of bailout funding once a few remaining prior actions are settled.
S&P sees improved fiscal and growth prospects, raises credit rating to 'B'
Rating agency S&P raised Greece’s long-term credit rating to ‘B’ from ‘B-’ on Friday, maintaining the positive outlook.