Economy
No breakthrough on debt talks at Eurogroup but June 21 goal remains
Thursday’s Eurogroup in Brussels failed to deliver a breakthrough on the debt relief talks between Greece’s lenders, although the institutions insist that they are still aiming to deliver a comprehensive agreement by June 21.
Budget primary surplus confirmed at 2.29 bln in April on improved tax collections, lower PIB spending
The budget primary balance was confirmed at a surplus of 2.29 billion euros in the first four months of 2018 compared to a surplus of 1.73 billion for the same period last year, the Finance Ministry (MoF) final budget execution bulletin for April showed on Thursday.
Supplemental MoU sets out path for maintaining fiscal sustainability
A swift staff-level agreement (SLA) was reached between Greece and the institutions last Saturday and the details of the deal were revealed in the Supplemental Memorandum of Understanding (sMoU) was published by the European Commission on Thursday.
Aegean reduces net loss to 30.8 mln in Q1
The first quarter (Q1) results for Aegean Airlines show that revenues increased by 9 percent year-on-year to 165.4 milion.
Fourlis Group improves on net loss in Q1
Fourlis Group, a leading group of companies in Greece and the Balkans for quality consumer durable goods, reported an increase in sales by 8 percent in the first quarter (Q1) of the year.
Concerns raised about next year's pensions cuts
Employees at Greece's main social security fund have raised the alarm regarding the extent to which pensions will be cut next year, when Greece is expected to trim its spending on retirees by 1 percent of GDP, or 1.8 billion euros.
Growth strategy sets out reform targets, broad policies for post-MoU era
Greek Parliament debated on Wednesday the holistic growth strategy compiled by the government as part of the commitments it had agreed at last summer’s Eurogroup, when the second review was concluded.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
Debt relief talks enter final phase, with June 21 as target for deal
No final decision on Greek debt relief is expected at Thursday’s Eurogroup, although Athens has received assurances that an agreement will be reached by June 21, when eurozone finance ministers are due to meet in Luxembourg.
Travel surplus rises by 48.2 pct in March as receipts increase
Greece’s travel balance rose by 48.2 percent year-on-year in March, recovering from a 135.2 percent drop noted in February, Bank of Greece (BoG) data revealed on Tuesday.
Hellenic Exchanges Q1 results point to net profits of 1.2 mln
Athens Stock Exchange’s (ATHEX) first quarter (Q1) results showed that group turnover grew 29 percent year-on-year.