Economy
Final Oct budget execution data reaffirms solid primary surplus boosted by privatisation takings
The budget primary balance was confirmed at a surplus of 13.53 billion euros in October, compared to a surplus of 6.08 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Fitch takes no rating action, leaves outlook stable
In Greece’s latest rating review on Friday, Fitch took no action and left the country’s grade unchanged at ‘BBB-‘, with the outlook also remaining stable.
Travel receipts recover in Sep, up 4.1 pct in 9M to 18.76 bln
Greece's travel balance recorded a surplus of 3.58 billion euros in September, compared to 4.02 billion euros in August, according to data released by the Bank of Greece (BoG) on Thursday.
Government tables 2025 budget, seeing stable growth, solid public finances and lower debt
The Finance Ministry tabled in Parliament on Wednesday the final budget for 2025, which sees stable growth and a solid fiscal performance that keeps the debt-to-GDP ratio on a downward trajectory.
Drop in industrial turnover accelerates to 7.9 pct YoY in Sep as manufacturing falls sharply
There was an acceleration in the decline of Greece’s industrial turnover in September, dropping by 7.9 percent year-on-year (YoY) from a 4 percent decrease in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Current account deficit at 7.67 bln for 9M as goods balance deteriorates
Greece’s current account was back in deficit in September, widening to 316.5 million, from a 651.3 million euros surplus in August, Bank of Greece (BoG) data showed on Wednesday.
Central govt debt at 404.29 bln thanks to drops in short-term notes and repos
Greece’s central government debt recorded a drop of roughly 3 billion euros to 404.29 billion euros in Q3 2024, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
OECD report underlines sobering reality of economic recovery
The latest hit to efforts to create a buzz around the Greek economy came this week from the OECD’s How’s Life 2024 report, with the challenges outlined in an op-ed by the country’s representative at the Paris-based think-tank a few days ago.
Privatisation proceeds, major underspend push Oct primary surplus to 8.82 bln above target
The budget primary balance recorded a surplus of 13.49 billion euros up to October, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday.
EC keeps growth estimates broadly unchanged, fiscal outlook improves markedly
The European Commission published on Friday the latest autumn forecasts that included minor adjustments for the Greek growth outlook from the previous estimate in May.