Economy
Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
Greece’s central government primary cash balance recorded a surplus of 6.40 billion euros in the first five months of the year, Bank of Greece (BoG) figures showed on Monday.
Privatisation projects gather pace as Athens targets 2 bln in revenue for 2018
The government will be looking to demonstrate a significant reduction in its list of 88 prior actions by the June 21 Eurogroup, including covering ground on several major privatisations.
Multi-bill passed, sub-tranche released but debt relief expectations dwindling
Expectations for the debt relief package that may be agreed at next week’s Eurogroup are being kept low and the interventions that are due to be announced look set to fall below the bar set by the Greek government.
Turnover in services sector shows deteriorations in Q1 2018
Turnover indices for the services sector recorded a slight deterioration in the first quarter (Q1) of 2018, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
The budget primary balance came to a surplus of 1.54 billion euros in the first five months of 2018, the Finance Ministry (MoF) preliminary budget execution bulletin for May showed on Thursday.
GEK Terna revenues grow 32.6 pct in Q1, net profits dip sharply
Greek construction and energy group GEK Terna’s first quarter (Q1) results for 2018 showed that group turnover rose to 348.1 million, an increase of 32.6 percent compared to the previous year.
Unemployment rate stable at 21.2 pct in Q1
The Greek non-seasonally-adjusted unemployment rate came to 21.2 percent in the first quarter (Q1) of the year, remaining unchanged from Q4, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.
Debt relief discussions continue as clock ticks down to June 21 Eurogroup
Just one week is left until the June 21 Eurogroup and speculation is mounting about what kind of debt relief package Greece can expect when eurozone finance ministers meet in Brussels.
Investors wait as Folli Follie Group takes stock amid intense scrutiny
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It’s no understatement to say that the last few weeks have been tumultuous for Greek jewellery and fashion accessory designer and retailer, Folli Follie Group.
Eurosystem funding falls by 716 mln in May
Greek banks’ Eurosystem funding fell by 716 million euros in May, the Bank of Greece's (BoG) monthly financial statement has revealed.