Economy
Budget surplus overshoots 11M target due to lower primary expenditure, investment spending
The budget primary balance was confirmed at a surplus of 7.63 billion euros in the first 11 months of 2018, according to the final budget execution bulletin for November published by the Finance Ministry (MoF) on Thursday.
PDMA sets out plans to build on recent market forays with bond issues in 2019
Greece’s Public Debt Management Agency (PDMA) issued this week its finance strategy for next year, which also outlines how the country’s market access since the summer of 2017 has been progressively built and gives a detailed profile of Greece’s current debt structure.
DESFA transfer complete as HRADF heads for record year in privatisation revenues
A major privatisation reached its conclusion on Thursday with the transfer of the Hellenic Gas Transmission System Operator (DESFA) to its purchasing consortium.
October current account deficit at 871.3 mln as goods balance worsens
Greece’s current account (C/A) balance recorded a deficit 871.3 million euros in October compared to a surplus of 550.8 million in September, Bank of Greece (BoG) figures showed on Friday.
Greece rises through the ranks for LNG transport tankers
Greece is consolidating its position as an LNG transporter with the number of tankers rising noticeably in recent years, according to data from several sources.
Industrial turnover rises by 17.8 pct in October, highest since May 2017
Greece’s industrial turnover rose by 17.8 percent year-on-year (YoY) in October after a slightly downward revised increase of 14.1 percent in September, Hellenic Statistical Authority (ELSTAT) data published on Thursday showed.
PPC posts net loss of 255.1 mln in 9M on higher CO2 charges
Greece’s majority state-owned Public Power Corporation’s (PPC) nine-month (9M) results showed that turnover fell by 4.3 percent year-on-year (YoY).
New court verdict adds to concern about impact of backpay on fiscal balance
Another court decision on backpay has revived fears that in the months to come the Greek government could be facing an additional spending outlay that may threaten to derail plans to maintain a primary surplus of 3.5 percent of GDP until 2022.
Primary cash surplus at 20.34 bln in November as revenues grow
Greece’s central government primary cash balance recorded a surplus of 20.34 billion euros in the first eleven months of the year, Bank of Greece (BoG) figures have shown.
New overdue taxes rise by 995 mln in Oct, taking stock to 104.8 bln
The month-on-month rise in Greece's new tax debt came to 995 million in October, declining from the increase of 1.47 billion noted in September, data from the Independent Authority of Public Revenues (IAPR) showed on Monday.