Economy
Deposit inflows rise to 1.41 bln in August, highest for 2017
The positive deposit flow in the Greek banking system picked up pace in August to 1.41 billion euros from 928 million in July, Bank of Greece (BoG) figures revealed on Wednesday.
Credit contraction eases to 0.9 pct in August
The pace of credit contraction in the Greek market slowed slightly in August, easing to 0.9 percent, Bank of Greece (BoG) figures showed on Wednesday.
Greek competitiveness rank remains low as tax, bureaucracy create obstacles
Greece has dropped one place in this year’s Global Competitiveness Index (GCI), standing at 87 overall out of 137 economies. The 87th spot was occupied by Algeria last year, which this year moved to number 86.
Piraeus Port Authority's H1 net profits rise to 4.4 mln, driven by pier concessions
Piraeus Port Authority’s (PPA) results for the first half (H1) of the year show that revenues rose by 12.6 percent during the six-month period.
Early banks stress tests offered as Greek programme compromise
It appears that European lenders are trying to remove one of the potential stumbling blocks to Greece’s programme, which was the dispute over whether Greek banks need another round of asset quality reviews (AQRs) or not.
Budget primary surplus at 3.54 bln in August, 29 mln off target on tax refunds, low revenues
The budget primary balance was confirmed at a surplus of 3.54 billion euros in the first eight months of 2017 against last year’s figure of 2.12 billion euros, the Finance Ministry’s (MoF) final budget execution bulletin showed on Monday.
Foreign arrivals push travel surplus up by 6.6 pct in July, average expenditure falls
Greece’s travel receipts increased by 5.3 percent in July, slowing from the increase of 14.2 percent noted in June, Bank of Greece (BoG) data revealed on Thursday.
Review demands put spotlight on Greek banks
Greek banks have been a topic of discussion over the last few days after eurozone official highlighted last week the need for the management of NPLs and amid pressure from the International Monetary Fund for new asset quality reviews (AQRs) to be carried out.
Clean exit under discussion but course of third review holds key
The probability of Greece exiting its programme next August without a credit line appears to be rising, but this is still dependent on the third review being completed without any serious delays or complications.
Study shows 341 mln a year in tax lost from short-term rentals
The Hellenic Chamber of Hotels has called for a fairer system of taxing accommodation for tourists after a study highlighted the loss of tax revenue from unlicensed short-term rentals.