Economy
Rating agencies concur in improved prospects for Greece
The June 15 Eurogroup agreement that concluded the protracted second review of Greece’s programme became the catalyst for the three main rating agencies to update their ratings, or the outlook, for the country.
Rise in foreign arrivals pushes travel receipts up by 14.2 pct in June
Greece's travel receipts rose by 14.2 percent in June, picking up pace from the growth of 1.7 percent noted in May, Bank of Greece (BoG) data revealed on Tuesday.
Current account surplus at 842.3 million in June, assisted by services balance
Greece’s current account (C/A) balance turned to a surplus of 842.3 million euros in June from 909.8 million a year ago, Bank of Greece (BoG) figures showed on Monday.
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Fitch on Friday became the latest agency to upgrade Greece’s long-term credit rating, raising it to B- from CCC with a positive outlook.
Primary cash balance posts deficit of 46 mln at end of July
Greece’s central government primary cash balance stood at a deficit of 46 million euros in the first seven months of 2017 from a surplus of 2.38 billion last year, Bank of Greece (BoG) data revealed on Friday.
Industrial turnover up by 8.1 pct in June for eighth consecutive rise
Greece’s Turnover Index in Industry rose by 8.1 percent in June after upwardly revised growth of 19.7 percent in May, ELSTAT data showed on Friday.
Budget primary surplus at 3.05 bln in 7-month, above target on underspend
The budget primary balance recorded a surplus of 3.05 billion euros in the first seven months of 2017, up by 12.4 percent from last year’s figure of 2.72 billion, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.
Grivalia Properties net profits rise to 28 million in H1
Grivalia Properties’ results for the first half (H1) of 2017 showed that net profits reached 28 million euros during the period versus 5 million for the same time last year.
Building activity up by 45.7 pct in May, highest since Dec 2005
Hellenic Statistical Authority (ELSTAT) data released on Friday showed that Greek building permits increased by 45.7 percent in May, comfortably reversing the decline of 0.9 percent noted in April.
Eurosystem funding drops by 3.9 bln in July on big decline in ELA
Greek banks’ Eurosystem funding fell for the 25th successive month in July when it declined by a further 3.89 billion euros, Bank of Greece's (BoG) monthly financial statement revealed on Thursday.