Economy
IMF's Article IV conclusion outlines progress and remaining risks on road to recovery
Following a week of meetings with the Greek authorities and relevant ministries in the context of the regular consultations under Article IV, the IMF staff issued on Friday their concluding statement of this year’s mission.
Retail sales up by 0.8 pct in April while volume rises by 1.3 pct
Greece’s retail sales index increased by 0.8 percent in April, slowing down from growth of 1.2 percent noted in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
IMF concludes Article IV consultation, prepares to publish DSA in July
The International Monetary Fund is due to wrap up its Article IV consultation meetings in Athens this week, but its debt sustainability analysis (DSA) will not be available for a few weeks yet.
Economic sentiment at 102.5 in June as improvement in subindexes slows
Greece’s economic sentiment (ESI) declined by 1.7 points in June and came to 102.5 versus the reading of 104.2 in May, European Commission (EC) figures revealed on Thursday.
Deposits positive for fourth month as May sees inflows of 919.4 mln
Net deposit movement in the Greek banking system remained positive with inflows of 919.4 million in May versus inflows of 870.1 million in April, Bank of Greece (BoG) figures revealed on Wednesday.
Credit contraction unchanged at 1.9 pct in May, balance at 179.34 bln
Credit contraction in the Greek market remained at 1.9 percent in May, unchanged from April, according to Bank of Greece (BoG) figures released on Wednesday.
May budget primary surplus confirmed at 1.53 bln as revenues rise, PIB spending falls
The budget primary balance was confirmed at a surplus of 1.53 billion euros in the first five months of 2018, the Finance Ministry (MoF) final budget execution bulletin for May showed on Monday.
S&P upgrades Greece to 'B+' on back of Eurogroup agreement
S&P was the first credit rating agency to respond to last week’s Eurogroup agreement by raising Greece’s long-term credit rating to ‘B+’ from ‘B’ on Monday.
EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
Following the Eurogroup agreement early last Friday, the European Commission updated the compliance report of the fourth review to include the Debt Sustainability Analysis (DSA) put together by Greece’s European creditors.
PPC reports turnover decline of 6.5 pct in Q1 on lower sales
Greece’s majority state-owned Public Power Corporation’s (PPC) first quarter (Q1) results showed that turnover fell by 6.5 percent in the first three months of the year.