Economy
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.
Greece announces return to markets with 5-year bond, mostly targeting swap
Following days of rumours and press reports, the Greek government officially launched the process for a new bond offering on Monday afternoon.
Travel receipts edge up 1.7 pct in May on higher foreign arrivals
Greece's travel receipts edged up by 1.7 percent in May, decelerating from the 11.3 percent growth recorded in April, Bank of Greece (BoG) data revealed on Monday.
Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
The budget primary surplus was confirmed at 1.94 billion euros in the first half of 2017, up by 18.6 percent from last year’s figure of 1.63 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Monday.
Disposable income edges down 0.1 pct in Q1
Greek household disposable income slipped by 0.1 percent in the first quarter (Q1) of 2017, after edging up by 0.1 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) data revealed on Monday.
S&P revises Greece outlook to positive, affirms 'B-' rating
S&P upward revised Greece’s outlook to positive from stable and affirmed its ‘B-‘ rating in its scheduled credit rating review published on Friday evening.
Current account deficit rises by 124.3 mln in May
Greece’s current account (C/A) deficit increased by 124.3 million euros to 581.6 million in May from 457.3 million a year ago, Bank of Greece (BoG) figures showed on Friday.
IMF approves programme "in principle," repeats position on debt and reforms
In the early hours of Friday morning in Greece, the International Monetary Fund’s executive board approved “in principle” at a meeting in Washington a precautionary Stand-By-Arrangement (SBA) for Greece of approximately 1.6 billion euros.
Industrial turnover soars 19 pct in May for seventh successive month
Greece’s Turnover Index in Industry climbed at an accelerating pace by 19 percent in May, after a downward revised growth of 10 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Primary cash balance records deficit of 434 mln in first six months
Greece’s central government primary cash balance turned to a deficit of 434 million euros in the first six months of 2017 from a surplus of 2.76 billion last year, Bank of Greece (BoG) data revealed on Wednesday.