Economy
Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
The pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from 0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday.
Deposit flow in positive territory at 638 mln in May
The deposit flow in the Greek banking system turned positive in May, with inflows of 638 million following outflows of 139 million in April, Bank of Greece (BoG) figures showed on Wednesday.
PPC reports loss of 67.5 mln in Q1 2017
Greece’s majority state-owned Public Power Corporation’s Q1 financial report showed that turnover fell by 3.1 percent during the period, coming to 1.37 billion euros versus 1.41 billion in Q1 2016.
Compliance report looks at programme financing, arrears clearance and 2016 performance
The second review's compliance report provided an update on the programme's financing by the end of August 2018 as well as on arrears’ clearance, while also commenting on the fiscal performance in 2016.
HRADF's updated asset development plan sets out next batch of privatisations
The list with the second group of state owned enterprises (SOEs) that will be transferred to the new privatisation and investment fund (HCAP) was revealed in the technical MoU by the EC on Friday.
Five-month budget primary surplus confirmed at 1.84 bln, beats target by 790 mln
The budget primary surplus was confirmed at 1.84 billion euros in the 5-month period of 2017, up by 26.5 percent from last year’s figure of 1.46 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Monday.
European Commission's DSA reveals serious concerns over debt sustainability, need for relief
The updated debt sustainability analysis (DSA) was included in the compliance report of the second programme review published by the European Commission (EC) on Friday afternoon.
Moody's upgrades Greek rating to 'Caa2', changes outlook to positive
Moody’s upgraded Greece’s credit rating by one notch to ‘Caa2’ from ‘Caa3’ on Friday evening. It also changed the outlook to positive from stable, in its scheduled credit rating review.
Travel receipts rise by 11.3 pct in April on back of higher arrivals
Travel receipts rose by 11.3 percent in April, reversing a decline of 7.8 percent in March, provisional Bank of Greece (BoG) figures showed on Wednesday.
Current account deficit eases by 410.6 mln in April
Greece’s current account (C/A) deficit eased by 410.6 million euros to 461.7 million in April from 872.2 million a year ago, Bank of Greece (BoG) figures showed on Tuesday.