Economy
Credit contraction continues in July with 1.2 pct decline
The pace of credit contraction in the Greek market marginally decelerated in July, reaching 1.2 percent, Bank of Greece (BoG) figures showed on Monday.
Inflows continue in July as deposits increase by 927 mln
The positive deposit flow in the Greek banking system continued in July, with inflows reaching 927 million from 1.09 billion in June, Bank of Greece (BoG) figures revealed on Monday.
Budget primary surplus at 3.02 bln in July, above target by 926 mln on strong underspend
The budget primary surplus was confirmed at 3.02 billion euros in the July, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
Rating agencies concur in improved prospects for Greece
The June 15 Eurogroup agreement that concluded the protracted second review of Greece’s programme became the catalyst for the three main rating agencies to update their ratings, or the outlook, for the country.
Rise in foreign arrivals pushes travel receipts up by 14.2 pct in June
Greece's travel receipts rose by 14.2 percent in June, picking up pace from the growth of 1.7 percent noted in May, Bank of Greece (BoG) data revealed on Tuesday.
Current account surplus at 842.3 million in June, assisted by services balance
Greece’s current account (C/A) balance turned to a surplus of 842.3 million euros in June from 909.8 million a year ago, Bank of Greece (BoG) figures showed on Monday.
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Fitch on Friday became the latest agency to upgrade Greece’s long-term credit rating, raising it to B- from CCC with a positive outlook.
Primary cash balance posts deficit of 46 mln at end of July
Greece’s central government primary cash balance stood at a deficit of 46 million euros in the first seven months of 2017 from a surplus of 2.38 billion last year, Bank of Greece (BoG) data revealed on Friday.
Industrial turnover up by 8.1 pct in June for eighth consecutive rise
Greece’s Turnover Index in Industry rose by 8.1 percent in June after upwardly revised growth of 19.7 percent in May, ELSTAT data showed on Friday.
Budget primary surplus at 3.05 bln in 7-month, above target on underspend
The budget primary balance recorded a surplus of 3.05 billion euros in the first seven months of 2017, up by 12.4 percent from last year’s figure of 2.72 billion, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Monday.