Economy
S&P revises Greece outlook to positive, affirms 'B-' rating
S&P upward revised Greece’s outlook to positive from stable and affirmed its ‘B-‘ rating in its scheduled credit rating review published on Friday evening.
Current account deficit rises by 124.3 mln in May
Greece’s current account (C/A) deficit increased by 124.3 million euros to 581.6 million in May from 457.3 million a year ago, Bank of Greece (BoG) figures showed on Friday.
IMF approves programme "in principle," repeats position on debt and reforms
In the early hours of Friday morning in Greece, the International Monetary Fund’s executive board approved “in principle” at a meeting in Washington a precautionary Stand-By-Arrangement (SBA) for Greece of approximately 1.6 billion euros.
Industrial turnover soars 19 pct in May for seventh successive month
Greece’s Turnover Index in Industry climbed at an accelerating pace by 19 percent in May, after a downward revised growth of 10 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Primary cash balance records deficit of 434 mln in first six months
Greece’s central government primary cash balance turned to a deficit of 434 million euros in the first six months of 2017 from a surplus of 2.76 billion last year, Bank of Greece (BoG) data revealed on Wednesday.
New overdue tax obligations reach 717 mln in May, total at 95.2 bln
Greece’s new tax debt eased slightly to 717 million euros in May from 754 million in April, the Independent Authority of Public Revenues (IAPR) data revealed.
Credit standards and demand for corporate, household loans stay stable in Q2
Credit standards for both corporate and household loans stayed unchanged from the previous quarter in Q2 of 2017, in line with earlier expectations, the Bank of Greece (BoG) bank lending survey showed on Tuesday.
Budget surplus at 1.94 bln in 6-month, 1.51 bln above target on strong underspend
The budget primary balance recorded a surplus of 1.94 billion euros in the six month period of 2017, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Friday.
Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
Greek banks’ Eurosystem funding fell for the 24th successive month in June, when it dropped by another 2.67 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday.
Survey reveals opinions around Greek shipping cluster's potential
Greece has the potential to develop into one of the world’s major shipping hubs over the next few years according to a survey of opinions from leading representatives of Greek shipping companies.