Economy
Travel receipts up 13.3 pct in March as tourist arrivals increase by 34.4 pct
Greece's travel receipts rose at a slower rate of 13.3 percent in March from 16.2 percent in February, according to the Bank of Greece (BoG).
Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April
Greece’s budget execution showed the 4-month primary surplus more than doubled year on year (YoY), reaching 2.1 billion from 1.05 billion last year, according to the Finance Ministry (MoF) final budget bulletin published on Monday.
Greek stock market up by 3.5 pct over week amid hope of bailout deal
The Greek stock market rebounded 3.5 percent this week, albeit with subdued volumes, amid increasing confidence that Greece would reach an agreement with official lenders in the next couple of weeks.
Smaller rise of 737 mln for unpaid taxes in April
Greece’s new unpaid taxes eased month on month (MoM) for the third straight month in April, coming in at 737 million euros from 989 million in March, according to data released by the General Secretariat of Information Systems (GSIS).
Current account deficit widens to 404 mln in March
Greece's current account (C/A) deficit widened more than four times in March to reach 404 million euros, from 88 million in the corresponding period last year, according to the Bank of Greece (BoG).
Greek debt falls to 312.7 bln in Q1 after return of EFSF bonds
Greece’s central government debt fell by 11.43 billion euros quarter on quarter (QoQ) to 312.7 billion at the end of the first quarter (Q1) of 2015 from 324.13 billion at the end of Q4 2014, according to the Finance Ministry debt bulletin.
Industrial turnover falls for 5th straight month in March at decelerating 2.9 pct
The Turnover Index in Industry fell for the fifth successive month, yet the rate of drop decelerated to 2.9 percent in March from 10 percent in February, according to the Hellenic Statistical Authority (ELSTAT).
Proposed VAT overhaul a stepping stone towards agreement with lenders?
Greece and its lenders are broadly in agreement on the restructuring of Greece’s VAT system, which is one of several obstacles to a full deal between the two sides, according to Finance Minister Yiannis Varoufakis.
Fitch keeps Greece's rating at 'CCC'
In its scheduled rating review on Friday, Fitch affirmed Greece’s rating at ‘CCC’, where it was initially placed on March 28.
Primary cash surplus reaches 1.05 bln at end of April
Greece’s central government primary cash surplus narrowed by 20.9 percent year on year (YoY) to 1.05 billion in the 4-month period of 2015 from 1.33 billion in the corresponding period last year, according to the Bank of Greece (BoG).