Economy
Lenders set ambitious e-auction targets for Athens
Greece’s lenders have made it clear that they will keep a close eye on the unhindered conduct of auctions throughout Greece by attaching it as a condition for the second disbursement from the 6.7 billion tranche that was approved at yesterday’s Eurogroup.
Eurogroup sets up completion of third review, plans for programme's end
The Eurogroup reached on Monday what its new president, Portugal’s Mario Centeno, called a “political agreement” regarding the conclusion of Greece’s third review and the next loan disbursements for Athens.
November current account deficit at 954 mln, goods balance improves
Greece’s current account (C/A) balance recorded a deficit of 954 million euros in November, deepening from the deficit of 624.1 million euros recorded in October, Bank of Greece (BoG) figures showed on Monday.
Athens set for 6.7 bln bailout tranche, talks on post-MoU framework
Monday’s Eurogroup is expected to confirm that the third review has been completed and that Athens will be able to receive its next tranche of bailout funding once a few remaining prior actions are settled.
S&P sees improved fiscal and growth prospects, raises credit rating to 'B'
Rating agency S&P raised Greece’s long-term credit rating to ‘B’ from ‘B-’ on Friday, maintaining the positive outlook.
Industrial turnover increases by 12.9 pct in November
Greece’s industrial turnover grew by 12.9 percent in November after October’s figure was upwardly revised to 11.6 percent, according to Hellenic Statistical Authority (ELSTAT) data published on Friday.
BoG sees ample capital space for banks to sell bad loans
The Bank of Greece (BoG) presents in its semiannual overview of the Greek financial system a sensitivity analysis on active NPE management by Greek financial institutions in relation to the operational targets of reducing their stock to 64.6 billion euros, from 101.8 billion, by the end of 2019.
Primary cash balance falls to deficit of 877 mln in Dec, expenditure rises
Greece’s central government primary cash balance landed at a deficit of 877 million euros for the full year up to December 2017, compared to a surplus of 1.95 billion euros for 2016, Bank of Greece (BoG) data revealed on Thursday.
Travel balance for nine-month period shows surplus of 11.57 bln
The balance of travel services came to a surplus of 11.57 billion euros for the nine months of 2017 according to figure released by the Bank of Greece (BoG).
HRADF outlines major privatisation plan, no timelines given
The Hellenic Republic Asset Development Fund (HRADF) this week released an outline for the completion of several major privatisations, though no deadlines or timelines were specified.