Economy
Budget primary surplus confirmed at 635 mln in June on lower spending
The budget primary balance was confirmed at a surplus of 635 million euros in the first six months of 2018, the Finance Ministry (MoF) final budget execution bulletin for June showed on Tuesday.
Sharp increase in May arrivals, particularly from Germany, delivers travel balance boost
Greece’s travel balance rose sharply by 38.2 percent in May, recovering strongly from April’s decline of 29 percent, Bank of Greece (BoG) data revealed on Tuesday.
May current account shows surplus of 191.5 million as underlying indicators improve
Greece’s current account (C/A) balance recorded a surplus of 191.5 million euros in May, reversing the deficit of 1.34 billion noted in April, Bank of Greece (BoG) figures showed on Monday.
S&P revises outlook to positive, sees encouraging signs after debt deal
Having updated Greece’s credit rating ahead of schedule at the end of last month in response to the June 21 Eurogroup decision and the conclusion of the third programme, S&P kept the country’s rating unchanged to ‘B+’ during its regular update cycle on Friday.
Industrial turnover rises by 11.4 pct in May, staying positive for fifth consecutive month
Greece’s industrial turnover continued its positive streak this year with an increase of 11.4 percent in May after April’s figure was slightly revised down to 6.5 percent, Hellenic Statistical Authority (ELSTAT) data published on Friday showed.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF insists labour market reforms need to be preserved
The IMF has reiterated its key recommendations for Athens and placed strong emphasis on labour policies and continuing reforms that will foster growth and facilitate investment.
Sales of HELPE, DESFA and shipyard progress while protests hamper ROSCO, PPC
The privatisation of Hellenic Petroleum (HELPE) inched forward as the tender process for a 50.1 percent stake in the oil refinery entered a new phase.
June primary cash surplus at 6.49 bln as revenue increase offsets higher expenditure
Greece’s central government primary cash balance recorded a surplus of 6.49 billion euros in the first half of the year, Bank of Greece (BoG) figures showed on Wednesday.
More changes needed to unlock private sector's potential, report says
Greece has to take specific steps to unleash the potential of its business economy because the reforms implemented during its three adjustment programmes have not had the desired impact, a study carried out by the German Institute for Economic Research (DIW) argues.
Travel balance records 127 mln surplus in Q1, much improved on last year
The balance of travel services came to a surplus of 127 million euros for the first quarter (Q1) of 2018 according to figures released by the Bank of Greece (BoG).