Economy
BoG looks at other programme exits and options available to Athens
Over the last few weeks Greece’s central bank governor, Yannis Stournaras, has been arguing that the Greek government should explore all options for the post-programme era, including a precautionary credit line.
Budget primary surplus confirmed at 1.85 bln in January
The budget primary balance was confirmed at a surplus of 1.85 billion euros in the first month of 2018, beating the forecast by 1.13 billion euros, the Finance Ministry (MoF) final budget execution bulletin revealed on Monday.
Fourth review begins, with Athens and creditors also focussing on post-MoU era
Discussions on the fourth review began in Athens on Monday, with the Greek government and its lenders facing many issues to contend with over the coming weeks.
Airport redevelopment gets green light, leaving one prior action as lenders return to Athens
The Council of State has approved the redevelopment of Athens’s former airport at Hellenikon, meaning just one prior action from the third review remains to be completed as the Greek government and the institutions gear up for the fourth review to start next week.
Self-employed paying less for social security contributions, Labour ministry reports
Data from the Labour Ministry has shown that a higher percentage of non-salaried workers will pay a minimum monthly social security contribution this year compared to last year, though the average amount payable has declined year-on-year.
Hellenic Petroleum reports best-ever adjusted EBITDA for 2017
Greece’s largest oil refinery, Hellenic Petroleum’s annual results for 2017 showed that net sales rose by 21 percent across the year.
Greek health care spending in the spotlight
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The world of Greek politics is being consumed by a price-fixing scandal centred on the Swiss pharmaceutical company Novartis, and its alleged links to senior Greek politicians between 2006-2015.
OTE net profits down by 52 percent in 2017 as revenues fall
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues for 2017 fell by 1.3 percent.
Moody's upgrades rating to 'B3,' amid confidence about political outlook, economic prospects
In an unexpected move on Wednesday night, Moody’s was the latest ratings agency to upgrade Greece’s credit worthiness by two notches, to ‘B3’ from the ‘Caa2.’ maintaining the positive outlook.
Travel balance down by 76.3 pct in Dec, annual arrivals beat expectations
Greece’s travel receipts fell by 76.3 percent year-on-year in December, compared to a rise of 81.4 percent noted in November, Bank of Greece (BoG) data revealed on Wednesday.