Economy
Greece on track for bumper tourism year, figures show
Greece is anticipating another record-breaking year of tourism arrivals this year according to reports from several industry bodies as well as the Bank of Greece. An estimated 30 million visitors are expected to visit the country this year.
PMI at 53.5 pts in July as optimism holds, export orders slow down
Greece’s Manufacturing PMI remained unchanged at 53.5 pointσ in July, staying over the 50-mark threshold for 14 straight months as confidence continues to strengthen.
New overdue taxes rise by 428 mln in June, total stock above 102 bln
Greece’s new tax debt’s month-on-month rise came to 428 million in June, slowing from May’s rise of 610 million euros, data from the Independent Authority of Public Revenues (IAPR) has shown.
Grivalia Properties net profits rise 6 pct in H1
Grivalia Properties’ results for the first half (H1) of 2018 showed that turnover increased by 10.7 percent.
IMF voices concerns over long-term debt, sees more relief being needed
In the report of the Article IV consultation with Greece, the International Monterary Fund (IMF) updated its Debt Sustainability Analysis (DSA) to incorporate the debt relief measures that were agreed by the Eurogroup in June.
IMF flags up weak growth, long-term debt sustainability and reform pledges in Article IV report
The International Monetary Fund (IMF) published on Tuesday the report for the Article IV consultation with Greece, which was discussed by its executive board last week.
Retail index jumps 5.3 pct in May led by fuel and supermarket sale
Greece’s retail sales index increased by 5.3 percent in May, accelerating from the growth of 0.8 percent noted in April, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.
Hellenic Exchanges revenues, net profits grow in H1
The Hellenic Exchanges-Athens Stock Exchange Group (ATHEX) results for the first half (H1) of 2018 posted a 12.7 percent rise in turnover compared to the first six months of 2017.
Economic sentiment reaches 105.3 in July, highest since June 2014
Greece’s economic sentiment (ESI) rose by 2.8 points to 105.3 versus the reading of 102.5 in June, European Commission (EC) figures revealed on Monday.
Exclusion from QE confirmed, only ECB's reinvestment programme left
During the final press conference before the summer holidays and about three weeks before Greece concludes its third adjustment programme, the European Central Bank’s (ECB) president Mario Draghi confirmed what was widely anticipated, which is that the country will not be eligible for ECB’s QE programme.