Economy
May retail sales show slight rise of 0.4 pct, volume increases 0.3 pct
The turnover of Greece’s retail trade index increased marginally by 0.4 percent in May after a downwardly revised figure of 3.8 in April according to data from ELSTAT on Monday.
Overdue social security contributions increase 827 mln to 23.3 bln at end of Q2
The stock of unpaid social security contributions (SSCs) rose by 827 million to 23.32 billion euros at the end of the second quarter (Q2) of 2017, up from 22.49 billion at the end of the previous quarter.
Economic sentiment and consumer confidence climb in July after review conclusion
Greece’s economic sentiment (ESI) climbed by 4.2 points in July, after edging up by 0.8 points in the previous month, European Commission (EC) figures revealed on Friday.
Titan Cement posts 51.4 pct rise in net profits for H1 2017
Titan Cement’s first-half (H1) 2017 results reveal that turnover increased by 6.9 percent to 773.8 million during the period.
Deposit inflows increase to 1.1 bln in June
The deposit flow in the Greek banking system remained positive for the second straight month in June with inflows increasing to 1.09 billion from 638 million in May, Bank of Greece (BoG) figures revealed on Thursday.
Credit contraction accelerates to 1.3 pct in June on loan deductions of 206 mln
The pace of credit contraction in the Greek market accelerated for the second successive month in June, reaching 1.3 percent, Bank of Greece (BoG) figures showed on Thursday.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF sees eurozone debt relief pledges failing to deliver sustainability
Following the executive board meeting on July 20 that approved in principle the precautionary Stand-By Arrangement (SBA) for Greece, the International Monetary Fund published its updated Debt Sustainability Analysis, which includes the relief measures that were agreed in the June 15 Eurogroup.
IMF insists fiscal targets unrealistic, cites historical evidence to support case
From the start of Greece’s third European Stability Mechanism, programme in the summer of 2015, the International Monetary Fund had been calling for realistic assumptions in the assessment of Greece’s debt sustainability.
Greece completes first bond issue in three years, eyes more on way out of programme
Greece has tapped capital markets with a 5-year bond issue for the first time since 2014, raising 3 billion euros.
IMF sets out why it stands apart from eurozone on long-term growth prospects
Greece’s long-term growth potential was one of the main points of contention as the International Monetary Fund and the Greece’s eurozone creditors were attempting to bridge their differences on debt sustainability to ensure the conclusion of the review and the Fund’s participation in the programme.