Economy
IMF comments, blog leave no doubt credible debt relief has to be agreed soon
Almost two weeks after the publication of its Article IV consultation report on Greece, including its updated debt sustainability analysis, the IMF published on Thursday evening a blog setting out the Fund’s perspective on dealing with sovereign debt.
Greece forced to revisit prickly subject of pension spending to conclude review
The Greek government is due to resume negotiations with the institutions in Athens on Tuesday, when pension reform is expected to be one of the most prominent and sensitive issues that will be discussed.
Bill for out-of-court workout ready but may need tweaks
The Development Ministry has tabled for public consultation until March 3 the draft law on the out-of-court workout, which is one of the key deliverables of the second programme review and also relates to the non-performing loan (NPL) resolution.
Athens grapples with awkward reduction of tax-free threshold
Discussions between the institutions and Greece, which are due to resume in Athens next week, will, among other issues, focus on plans to reduce the tax-free threshold for personal incomes.
Travel receipts rise 4.7 pct in Dec, 2016 figure down 6.4 pct despite increased arrivals
Greece's travel receipts rebounded by 4.7 percent in December after falling by 13.8 percent in November, Bank of Greece (BoG) figures showed on Tuesday.
Job departures hit 17-year high of 29,817 in January
The employment balance stayed negative in January 2017, with net departures climbing to 29,817 from 9,954 a year ago, data from the Labour Ministry’s Ergani information system revealed on Tuesday.
Central government debt rises to 326.4 billion on ESM disbursement
Greece’s central government debt Increased by 2.65 billion euros quarter on quarter (QoQ) to 326.36 billion in the fourth quarter (Q4) of 2016 from 323.71 billion in Q3, the Finance Ministry (MoF) debt bulletin showed on Monday.
Industrial turnover soars 13.5 pct in December, drops 5.1 pct in 2016
Greece’s Turnover Index in Industry surged 13.5 percent in December after an upward revised 3.1 percent growth in November, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Current account deficit widens to 933 mln in December, 2016 balance turns to deficit of 1.1 bln
Greece’s current account (C/A) deficit widened to 933.4 million in December from 783.8 million a year ago, Bank of Greece (BoG) figures revealed on Monday.
Special ELSTAT report reveals dramatic changes in labour market since 1980s
The drastic changes in the Greek labour market were depicted in a special report released by the Hellenic Statistical Authority (ELSTAT) on Friday, which showed the evolution of a number of important features from 1981 until 2015.