Economy
Second post-MoU review set to begin as Athens eyes return to bond markets
The second review of the enhanced surveillance period is due to get underway in earnest on Tuesday, when the institutions’ mission chiefs are expected to hold their first meeting of the year in Athens with government officials.
S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
Standard and Poor’s opened the credit rating review cycle of the new year for Greece by affirming its ‘B+’ rating, which it granted in June of last year following the Eurogroup decisions for additional debt relief that essentially marked the successful completion of the country’s third adjustment programme.
Industrial turnover rises by 7 pct in November
Greece’s industrial turnover rose by 7 percent year-on-year (YoY) in November after a slightly upward revised increase of 17.9 percent in October, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
Primary cash surplus at 16.19 bln in 2018, 3.18 bln spent on reducing arrears
Greece’s central government primary cash balance recorded a surplus of 16.19 billion euros in 2018, Bank of Greece (BoG) figures have shown.
Lenders put spotlight back on pending reforms ahead of second post-MoU review
As Greece approaches the six-month mark after officially exiting its final bailout programme, the government’s to-do list still remains substantial.
Outstanding tax refunds at lowest level in five years
The Independent Authority for Public Revenue (IAPR) outlined in its December tax return report that in 2018 it achieved a significant reduction in the amount of tax refunds still outstanding.
Building permits rise by 23.8 pct in Oct, up by 10.9 pct in first 10 months
Building permits rose by 23.4 percent year-on-year (YoY) in October compared to an increase of 6.6 percent in September, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed.
Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
The budget primary balance came to a surplus of 3.16 billion euros in 2018, according to the preliminary budget execution bulletin for December published by the Finance Ministry (MoF) on Monday.
Record year for company launches in 2018, small enterprises continue to dominate
Data from the General Commercial Register database (GEMI) has shown that 2018 was a bumper year for companies being launched in Greece compared to companies being closed with the highest balance on their records.
CPI up by 0.6 pct in Dec, matching annual average increase for 2018
Greece’s Consumer Price Index (CPI) rose by 0.6 percent in December from a rise of 1 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Friday.