Economy
Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
Finance Minister Euclid Tsakalotos is due to speak with investors in London on Thursday but it is the discussion with the institutions over next year’s pension cuts, rather than market access or investments, that is topping the agenda at home.
Primary cash surplus up to 16.76 bln in Aug on improved revenues and cash buffer disbursement
Greece’s central government primary cash balance recorded a surplus of 16.76 billion euros in the first eight months of the year, Bank of Greece (BoG) figures have shown.
Industrial turnover rises by 17.5 pct in July for seventh positive month
Greece’s industrial turnover rose by 17.5 percent in July after June’s figure was revised upward to 17.7 percent, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed.
Hirings balance in August turns negative by 7,748
The employment balance slipped into negative territory in August with 7,748 more departures than hirings during the month, data from the Labour Ministry’s Ergani information system revealed.
Mortgage loans a key piece of NPL reduction puzzle
The persisting issue of non-performing loans (NPLs) was one of the key items discussed last week by the government and the institutions.
Ellaktor’s H1 results show net loss deepening to 31 mln
The Ellaktor Group of Companies’ financial results for the first half (H1) of 2018 showed that turnover fell by a slight 0.8 percent in the first six months of the year.
ADMIE Holdings posts income of 21.3 mln, affiliate profits up to 44.4 mln in Q2
ADMIE Holding SA reported its results for the first half (H1) of the year, which showed that total income from its affiliate the Independent Power Transmission Operator (IPTO SA) rose to 21.3 million, an increase of 12.4 percent.
No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
The latest indications received by the Greek government from its lenders suggest that a final decision on whether next year’s pension cuts will have to be implemented will not be taken before the Eurogroup meeting on December 3.
Card transactions in Greece experience boost due to capital controls
Payment statistics by the European Central Bank released last week have revealed that card payments in Greece experienced notable growth in recent years.
Budget primary surplus at 3.14 bln in August as revenues grow and spending falls
The budget primary balance came to a surplus of 3.14 billion euros in the first eight months of 2018, according to the preliminary budget execution bulletin for August published by the Finance Ministry (MoF) on Friday.