Economy
Pension cuts dominate discussion as eurozone prepares to release final bailout tranche
Ahead of the rubber-stamping of Greece’s post-programme surveillance and Friday’s Eurogroup, the discussion about next year’s pension cuts is continuing.
Car sales up by 28.4 pct in June and 28.8 pct in first six months of the year
Road motor vehicles going into circulation for the first time rose by 28.4 percent in June Hellenic Statistical Authority (ELSTAT) data showed on Tuesday, picking up pace from the increase of 18.7 percent in May.
Industrial production grows by 1 pct in May, up by 0.2 pct in first five months of the year
Greece’s Industrial Production Index (IPI) rose by 1 percent in May, slowing from an upward revised increase of 2 percent in April, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday.
CPI rises by 1 pct in June, staying positive for third month
Greece’s Consumer Price Index (CPI) rose by 1 percent in June following an increase of 0.6 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Draghi sets out QE obstacles facing Greece
European Central Bank president Mario Draghi confirmed on Monday that Greece has little chance of being included in the QE programme.
S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
Rating agency Standard & Poors announced on Friday that it had upgraded bonds issued by Piraeus Bank and the National Bank of Greece (NBG) to “investment grade”.
Trade deficit down by 15.8 pct in May on reduced imports, higher exports
Greece’s trade deficit fell by 15.8 percent in May, picking up pace from April’s drop of 4.6 percent, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday.
General govt primary cash surplus at 1.65 bln in May on slower expenditure decline
Greece’s general government (gg) primary cash surplus came to 1.65 billion euros in the first five months of the year, falling by 571 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Greek debt management agency sees Eurogroup debt deal favourably
Greece’s debt management agency, PDMA, issued a report on Wednesday in which it assesses the agreement reached on the June 21 Eurogroup concerning debt relief for the country.
If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
Enhanced credit card usage in Greece could capture revenues that exceed the annual inflows from the single property tax (ENFIA), a study by the Foundation for Economic and Industrial Research (IOBE) has shown.