Economy
Budget for 2020 eyes faster growth while balancing tax cuts with more revenues
Following the nod of approval from the European Commission (EC) earlier in the week, the Finance Ministry tabled on Thursday the final budget to Parliament, essentially unchanged from the draft version of early October.
Eurobank net profits at 56.3 mln in Q3 from continued operations
Eurobank recorded net profits of 56.3 million euros in the third quarter (Q3) of 2019, picking up strongly from profits of 9 million noted in Q2.
NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
National Bank of Greece (NBG) reported a net profit of 171 million euros from continued operations in the third quarter (Q3) of 2019, compared to 122 million euros in Q2.
Aegean Airlines’ 9M results show 5 pct drop in net profits
Aegean Airlines’ nine-month (9M) results for 2019 showed that revenues rose by 10 percent compared to the same time last year, while net profits for the period fell by 5 percent.
Travel balance up by 15.3 pct in September
Greece’s travel balance rose to 2.63 billion euros in September from 2.28 billion a year ago, Bank of Greece (BoG) data has shown.
Despite differing views IMF and EC see no immediate debt sustainability concerns
Greece’s debt sustainability was assessed again by the two main institutions tasked with the analysis of the viability of the country’s debt, the IMF as part of the Article IV consultation process published last week and the European Commission in the fourth post-programme review released on Wednesday.
Primary cash balance surplus at 5.56 bln in October
Greece’s central government primary cash balance recorded a surplus of 5.56 billion euros in the first 10 months of the year according to figures released by the Bank of Greece (BoG).
Brussels gives Athens thumbs-up for reforms and budget
Greece’s new government managed to successfully clear on Wednesday the first major approval hurdle in its brief tenure as the European Commission (EC) published the fourth post-programme surveillance report, concluding that Greece has taken all the necessary steps to meet its mid-2019 commitments.
Central government debt down to 353.85 bln in Q3, average maturity stable at 21 years
Greece’s central government debt fell by 2.67 billion euros to 353.85 billion euros quarter-on-quarter (QoQ) in the third quarter (Q3) of 2019, from 356.55 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.
Current account shows surplus of 886.6 bln in September, aggregate figure almost balanced
Greece’s current account (C/A) balance came to a surplus of 886.6 million in September, dropping from a surplus of 1.87 billion in August, Bank of Greece (BoG) figures released on Wednesday showed.