Economy
Athens and creditors get down to details in final stretch of review
The new round of discussions between the Greek government and the institutions’ mission chiefs began on Tuesday with the aim of reaching a staff-level agreement (SLA) in the next few days.
These were the key drivers behind Greece's strong fiscal performance in 2016
The publication of the general government’s non-financial sector accounts on Monday has provided more insight regarding the key drivers of the fiscal performance in 2016, which was confirmed in a first notification issued by the Hellenic Statistical Authority (ELSTAT) on Friday.
Credit standards and demand for corporate, household loans stable in Q1
Credit standards for both corporate and household loans stayed unchanged from the previous quarter in the first quarter (Q1) of 2017, in line with earlier expectations, Bank of Greece (BoG) bank lending survey (BLS) showed on Tuesday.
HRADF declares international consortium highest bidder for 67 pct stake in Thessaloniki Port
The Hellenic Republic Asset Development Fund (HRADF) said on Monday that it declared the consortium of Deutsche Invest Equity Partners (DIEP), Belterra Investments and Terminal Link as the highest bidder for the acquisition of a 67 percent stake in Thessaloniki Port Authority (OLTH).
New overdue tax obligations increase by 989 mln in Feb, stock reaches 94 bln
Greece’s new tax debt rose at a slower pace of 989 million euros in February after an increase by 1.63 billion in January, the Independent Authority of Public Revenues (IAPR) data revealed on Monday.
Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
The budget primary surplus was confirmed at 1.07 billion in the first quarter (Q1) down by 42.6 percent from last year’s figure of 1.86 billion, according to the Finance Ministry (MoF) final budget execution bulletin.
Stocks record losses of 1.8 pct during week, amid light trading volumes
The Greek equity market traded mostly in negative territory this week with very soft trading volumes, dropping by 1.8 percent and ending a 3-week rally that saw cumulative gains of 7.5 percent.
Travel receipts fall by another 3.1 pct in Feb on lower spending
Greece's travel receipts continued to fall in February, when they dropped by 3.1 percent, after a decrease of 2.4 percent in January, Bank of Greece (BoG) figures showed on Friday.
Primary surplus up to 3.9 pct of GDP in 2016, far above target
Greece’s general government primary surplus climbed to 3.9 percent of GDP in 2016, according Hellenic Statistical Authority (ELSTAT) first notification published on Friday.
Folli Follie revenues rise by 12.1 pct in 2016
Greek jewellery and fashion accessory designer and retailer Folli Follie’s annual results for 2016 show that revenues for the year reached 1.33 billion euros compared to 1.19 billion euros, up by 12.1 percent, continuing the group’s trend for recession-beating financial performance.