Economy
European Commission's DSA reveals serious concerns over debt sustainability, need for relief
The updated debt sustainability analysis (DSA) was included in the compliance report of the second programme review published by the European Commission (EC) on Friday afternoon.
Moody's upgrades Greek rating to 'Caa2', changes outlook to positive
Moody’s upgraded Greece’s credit rating by one notch to ‘Caa2’ from ‘Caa3’ on Friday evening. It also changed the outlook to positive from stable, in its scheduled credit rating review.
Travel receipts rise by 11.3 pct in April on back of higher arrivals
Travel receipts rose by 11.3 percent in April, reversing a decline of 7.8 percent in March, provisional Bank of Greece (BoG) figures showed on Wednesday.
Current account deficit eases by 410.6 mln in April
Greece’s current account (C/A) deficit eased by 410.6 million euros to 461.7 million in April from 872.2 million a year ago, Bank of Greece (BoG) figures showed on Tuesday.
Industrial turnover up for sixth straight month with 10.7 pct rise in April
Greece’s Turnover Index in Industry remained in positive territory, increasing by 10.7 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Monday.
Stocks up 3.1 pct during week to reach fresh two-year high
The Greek equity market traded mostly in positive territory over the past few days, ending the week up 3.1 percent after edging down 0.6 percent in the previous week.
Primary cash balance posts deficit of 316 mln in first 5 months
The central government primary cash balance turned to a deficit of 316 million euros in the first five months of 2017 from a surplus of 2.66 billion last year, Bank of Greece data revealed on Friday.
Turnover in services sector improves slightly in Q1 2017
The majority of the turnover indices for the services sector recorded a slight improvement in Q1 2017, after dropping in the previous quarter, ELSTAT figures showed on Thursday.
Unemployment rate edges down to 23.3 pct in Q1
The non-seasonally-adjusted unemployment rate fell to 23.3 percent in Q1 of 2017 from 23.6 percent in the previous quarter, ELSTAT figures showed on Thursday.
Aided by underspend, budget primary surplus reaches 1.84 bln in 5-month, 792 mln above target
The budget primary balance recorded a surplus of 1.84 billion euros in the 5-month period of 2017, up by 26.5 percent from last year’s figure of 1.46 billion, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Wednesday.