Economy
Current account surplus narrows to 1.82 bln in August
Greece’s current account (C/A) surplus fell by 379 million, or 17.2 percent, to reach 1.82 billion euros in August, down from 2.2 billion a year ago, Bank of Greece (BoG) figures showed on Friday.
ELSTAT revises 2015 primary surplus downward to 0.15 pct of GDP, slightly ups debt
The second notification of the annual fiscal data published by the Hellenic Statistical Authority (ELSTAT) on Thursday revealed a lower 2015 primary surplus and higher debt compared to the initial figures published in its first notification on April 21.
Industrial turnover edges up 0.2 pct in August in first rise since October 2014
Greece’s Turnover Index in Industry slightly rose by 0.2 percent in August after an upward revised decline of 6.4 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
PBO report highlights short-term recessionary impact and tax-centric austerity of 2017 draft budget
The Parliamentary Budget Office (PBO) published an interim report on Wednesday evening commenting on the 2017 draft budget tabled by the Finance Ministry on October 4.
Primary cash surplus expands to 3.2 bln by September incorporating arrears repayment of 2 bln
Greece’s central government primary cash surplus increased by 540 million to 3.22 billion in the 9-month period of 2016 from 2.68 billion last year, Bank of Greece (BoG) figures showed on Wednesday.
Net job hirings of 7,788 in September; highest 9-month figure since 2001
The employment balance turned positive in September, with net hirings standing at 7,788, up from the net departures of 13,003 in the corresponding period last year, data from the Labour Ministry’s Ergani information system showed on Wednesday.
Credit standards and demand for Greek loans remain stable in Q3
As previously estimated, credit standards for Greek corporate and household loans remained broadly unchanged quarter on quarter (QoQ) in the third quarter (Q3) of 2016, Bank of Greece (BoG) bank lending survey (BLS) showed on Tuesday.
Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
Speaking at the congress of the Association of Greek Tourism Enterprises (SETE) on Monday, the Bank of Greece (BoG) governor Yannis Stournaras repeated his belief that the domestic economic will start recovering in the second half of this year.
Greece gears up for second review, faces wide-ranging reform to-do list
The government is expected to start negotiations with the institutions on the second programme review early this week.
Moody’s affirms Greece’s rating at Caa3 with stable outlook
In its scheduled rating review, Moody’s affirmed Greece’s rating at ‘Caa3’ with a stable outlook.