Economy
Credit contraction eases to 0.8 pct in Sept
The pace of credit contraction in the Greek market eased to 0.8 percent in September from 0.9 percent in August, Bank of Greece (BoG) figures showed on Thursday.
Eurobank raises 500 mln with covered bond issue
Eurobank became the second major Greek bank to return to the international markets with the issuance of a covered bond on Wednesday, its first since 2014.
Athens expects 800 mln sub-tranche as review talks progress
The European Stability Mechanism’s (ESM) board of directors is due to meet on Thursday and is expected to approve the disbursal of the 800-million-euro bailout sub-tranche that has been pending since the summer.
Overdue social security debt reaches 30.5 bln in Q3 on consolidation of debtors
The stock of unpaid social security contributions rose to 30.53 billion euros at the end of Q3 of 2017, up from 23.32 billion at the end of the previous quarter, a bulletin from the Centre for the Collection of Social Security Arrears (KEAO) revealed.
Budget primary surplus of 4.54 bln in 9-month below target despite underspend
The budget primary balance was confirmed at a surplus of 4.54 billion euros in the first nine months of 2017, the Finance Ministry’s (MoF) final budget execution bulletin showed on Tuesday.
Travel balance up by 18.5 pct in August as foreign arrivals increase
Greece’s travel receipts increased by 16.4 percent in August compared to the 5.3 percent increase noted in July, Bank of Greece (BoG) data revealed on Tuesday.
Sub-tranche, 2017 fiscal performance ticked off on first day of review talks
The first day of talks between Greek government officials and the institutions’ heads of mission in Athens on Monday appeared to settle a couple of issues but leave several others for further discussion this week.
Revision sees 2016 fiscal surplus at 0.5 pct of GDP
As part Greece’s obligation in relation to the Excessive Deficit Procedure (EDP) notification of 2017, Greece’s statistical authority, ELSTAT, announced on Monday the revised fiscal data for the 2013–2016 period.
Strong travel balance brings current account surplus to 1.83 bln in August
Greece’s current account (C/A) balance recorded a surplus of 1.83 billion euros in August from 1.66 billion a year ago, Bank of Greece (BoG) figures showed on Monday.
Review gathers pace as mission chiefs prepare for Athens return
Technical talks between the Greek government and the institutions have resumed in Athens ahead of the return of the mission chiefs to Greece on Monday amid efforts to complete the third review as soon as possible.