Economy
Moody's holds on rating update stressing need for reform
Moody’s was expected to complete the latest round of ratings reviews for Greece after S&P in spring and Fitch earlier in August. However the rating agency held back from any action and did not update its rating for the country.
General govt primary cash surplus at 1.78 bln in June, arrears drop by 3 mln
Greece’s general government (gg) primary cash surplus came to 1.78 billion euros in the first six months of the year, up by 263 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin.
Travel balance rises 15.7 pct in June, aggregate visitors drop 0.5 pct
Greece’s travel balance rose to 2.42 billion euros in June from 1.36 million euros in May, Bank of Greece (BoG) data has shown. This reflects an annual rise of 15.7 percent.
Brussels urges Athens to remain on reform path as fourth post-MoU review looms
The European Commission (EC) marked on Tuesday the first anniversary from the completion of Greece’s third adjustment programme - a 3-year adjustment effort with emphasis on structural reforms and provided loans of just short of 62 billion euros via the European Stability Mechanism (ESM).
Primary cash balance surplus at 1.52 bln in July
Greece’s central government primary cash balance recorded a surplus of 1.52 billion euros in the first seven months of the year according to figures released by the Bank of Greece (BoG).
Current account balance surplus of 874.4 mln in June shows significant yoy improvement
Greece’s current account (C/A) balance came to a surplus of 874.4 million in June, improving from a surplus of 300.6 million euros in May according to Bank of Greece (BoG) figures released on Tuesday.
Central government debt down to 356.55 bln in Q2, average maturity tops 20 yrs
Greece’s central government debt fell by 1.14 billion euros to 356.55 billion euros quarter-on-quarter (QoQ) in the second quarter (Q2) of 2019, from 357.69 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
Industrial turnover drops by 7.5 pct in June
Greece’s industrial turnover fell by 7.5 percent year-on-year (YoY) in June following a revised drop of 0.2 percent in May, Hellenic Statistical Authority (ELSTAT) data published on Monday showed.
Budget primary surplus reaches 1.78 bln in July, almost double target
The budget primary surplus reached 1.78 billion euros in the first seven months of 2019, compared to a surplus of 926 million in the same period last year, preliminary budget execution data from the Finance Ministry (MoF) showed on Friday.
Eight in 10 tourist visits to just five regions, six nationalities generate half of receipts
The research arm of the Greek tourism institute, INSETE, has released a study breaking down the nature of tourism to Greece by geographic area and type of tourist.