Economy
Commission keeps outlook on Greece stable, sees growth picking up this year
In the winter forecast it published on Wednesday, the European Commission kept unchanged its projections for Greece, which see real GDP growing by 1.6 percent in 2017 and by 2.5 percent this year and next.
Trade deficit falls by 0.8 pct in December, total imports outpace exports for 2017
Greece’s trade deficit fell by 0.8 percent in December, slowing from November’s decline of 11.5 percent according to data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday.
Athens puts off bond sale, has fiscal concerns to address
Greek authorities decided on Tuesday to put off plans to begin the book-building process for the 7-year bond that Athens wants to issue due to volatility on the international markets.
General govt primary cash surplus at 5.93 bln in Dec, arrears fall by 584 mln
Greece’s general government (gg) primary cash surplus amounted to 5.93 billion euros in the in the full year of 2017, up by 1.07 billion compared to the same time last year according to the Finance Ministry’s (MoF) monthly gg bulletin.
Greece prepares for bond issue, looks to pave way for programme exit
Greece is expected to announce the start of the book-building process for a new 7-year bond this week as it also looks to provide greater clarity on debt relief measures and the post-programme scheme the that government is working on.
Net profits of 63.1 million for Grivalia Properties in 2017
Grivalia Properties’ results for the full financial year of 2017 revealed that net profit increased substantially compared to the previous year.
Overdue social security debt reaches 31.3 bln in Q4, collected revenues beat annual target
The stock of unpaid social security contributions (SSCs) rose to 31.29 billion euros in the fourth quarter (Q4) of 2017, up from 30.53 billion euros at the end of Q3, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
PMI up to 55.2 in January, highest since October 2007
Greece’s Manufacturing PMI increased strongly by 2.1 points in January to 55.2, remaining above the 50-mark threshold for the eighth month in a row.
Total overdue tax obligations rise to 101.86 bln in Dec, new debt up by 1.30 bln
Greece’s new tax debt rose by 1.30 billion euros in December, rising from November’s figure of 1.19 billion, data from the Independent Authority of Public Revenues’ (IAPR) has revealed.
Stress test assumptions cause few concerns for Greek banks
The European Banking Authority (EBA) formally launched on Wednesday the 2018 EU-wide stress test exercise by releasing the scenarios that will be applied to the methodology published last November.