Economy
Athens gearing up for new bond issue amid favourable market conditions
Greek authorities appear to be working in parallel on the two goals Athens has set following the completion of the second post-programme review: To issue another sovereign bond and to pay off some of Greece’s debt to the International Monetary Fund before it matures.
In first decline for six months, March car sales drop by 9.5 pct
Road motor vehicles going into circulation for the first time fell by 9.5 percent in March compared to an increase of 15.7 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Industrial production up by 2.3 pct in Feb
Greece’s Industrial Production Index (IPI) grew year-on-year (YoY) by 2.3 percent in February compared to an upward revised increase of 4.2 percent in January, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday.
EC report analyses state of play with privatisations as HELPE hits obstacle
The European Commission’s (EC) update on its enhanced surveillance report on Greece, released on April 3, contains a number of points including the current state of play with privatisations.
Early IMF repayment next goal for Athens after concluding second post-MoU review
The Greek government is aiming to come to an arrangement with its lenders in the coming days so that it can pay off early at least some of the 10 billion euros it owes to the International Monetary Fund.
Trade deficit drops by 3.5 pct in Feb
Greece’s trade deficit fell by 3.5 percent year-on-year (YoY) in February, compared to an increase of 5.1 percent in January, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed.
General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
Greece’s general government (gg) primary cash surplus came to 2.91 billion euros in the first two months of the year, down by 272 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Eurosystem funding falls by 1.24 bln in Jan, banknotes in circulation fall below Nov 14 figure
Greek banks’ Eurosystem funding declined by 1.24 billion euros month-on-month (MoM) in January, the Bank of Greece's (BoG) final financial statement for January 2019 has revealed.
IAPR annual data shows growing tax pile and pressure on middle-income taxpayers
The Independent Authority for Public Revenue (IAPR) has released annual figures for 2018 which show the growing pile of tax debt owed to the state as well as increased measures to confiscate amounts due from debtors.
Lenders deem second post-MoU review over, Athens waits for debt relief
The European Commission issued on Wednesday the update to its second post-programme surveillance report which should pave the way for the Eurogroup on Friday to approve the release of close to one billion euros in debt relief.