Economy
Budget primary balance confirmed at 729 mln in January
The budget primary balance was confirmed at a primary surplus of 729 million euros in the first month of 2019, beating the forecast by 832 million euros, the Finance Ministry (MoF) final budget execution bulletin revealed on Tuesday.
Tourism institute shows international flight seat schedule to Greece down by 7 pct in 2019
A study by the Institute of the Greek Tourism Confederation (INSETE) has projected that international tourist arrivals could drop by up to 7 percent in 2019.
European Commission report due to set tone for build-up to March 11 Eurogroup
The government is waiting for the European Commission to publish on Wednesday its report assessing the state of play with the reforms Greece has committed to carrying out as part of the second post-programme review.
Athens starts MTFS process with baseline scenario that sees growth slowing down
The regular cycle for the preparation of Greece’s Medium-Term Fiscal Strategy (MTFS) for the 2020–2023 period began on Friday with a memo that was issued by the Alternate Finance Minister Giorgos Houliarakis to all the ministries involved in the process.
Athens adjusts foreclosure framework, waits for lenders to give green light
The Greek government is hoping to table in Parliament early next week the new bill for the protection of primary residences from foreclosures after another round of talks with local bankers on Thursday.
Short-term rentals raise rents by average of 8.3 pct, study indicates
A survey by Grant Thornton Greece commissioned by the Hellenic Chamber of Hotels has indicated the alleged impact of the short-term rental market in Greece.
Travel balance falls by 45.6 pct in Dec but rises by 9.6 pct in 2018 as visitors top 30 mln
Greece’s travel balance fell by 45.6 percent in December following a rise of 73.5 percent in November, Bank of Greece (BoG) data has shown.
Primary cash surplus at 735 mln in Jan on expenditure and interest payment rise
Greece’s central government primary cash surplus fell by 1.95 billion euros year-on-year (YoY) to 735 million in January, Bank of Greece (BoG) figures showed on Wednesday.
OTE's revenues remain unchanged in 2018, Albanian operation to be sold
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues for 2018 were unchanged year-on-year (YoY).
December current account deficit at 1.51 bln and 5.28 bln for 2018
Greece’s current account (C/A) balance recorded a deficit of 1.51 billion euros in December compared to a deficit of 1.47 billion in November, Bank of Greece (BoG) figures showed on Wednesday.