Economy
Budget comfortably beats target up to Aug thanks to 2 bln excess taxes, 3.6 bln underspend
The budget primary balance was confirmed at a surplus of 7.57 billion euros in August, compared to a surplus of 5.6 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.
Travel balance drops to 3.76 bln in July as expenditure per trip eases by 9.1 pct YoY
Greece's travel balance recorded a surplus of 3.76 billion euros in July, compared to 2.86 billion euros in June, according to data released by the Bank of Greece (BoG) on Monday.
Credit rating reviews highlight pressure points in economy
The Greek government has been under pressure since the poor result in the European Parliament elections this summer.
Manufacturing and mining growth push industrial turnover up by 11.7 pct YoY in July
Greece’s industrial turnover picked up pace in July, rising by 11.7 percent year-on-year (YoY) from a 5.6 percent increase in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Current account hampered by goods deficit in July as travel balance drops YoY
Greece’s current account was in a 246.2 million surplus in July, from 270 million euros in June, Bank of Greece (BoG) data showed on Friday.
Concerns about insipid public consultation process highlighted by treatment of climate plan
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The track record of public consultations in Greece leaves much to be desired in terms of public engagement and transparency, according to a study commissioned by a leading environmental think tank.
Significant underspend pushes 8M primary balance to 7.57 bln
The budget primary balance recorded a surplus of 7.57 billion euros by August, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday.
Moody's latest agency to up outlook to positive, keeps rating below investment grade
On Friday, Moody’s upped Greece’s outlook to positive from stable, keeping the rating unchanged at ‘Ba1’, thereby remaining the only agency that is yet to grant the investment grade to Greece, keeping it just one notch below.
Import prices drop by 1.6 pct YoY in Jul due to energy, as all other categories rise
Greece’s import price index turned into contraction in July, dropping by 1.6 percent year-on-year (YoY), after a 4.4 percent rise in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Sharp drop in new car sales as vehicle registrations decrease by 5.8 pct in Aug
Road motor vehicles going into circulation for the first time dropped by 5.8 percent year-on-year (YoY) in August, after a rise of 13.8 percent in July, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.