Economy
Signifcant underspend covers revenue shortfall for budget primary surplus to August
Greece’s budget primary surplus significantly improved to 3.8 billion in the 8-month period of 2015 from 1.95 billion last year, the Finance Ministry (MoF) final budget data displayed on Thursday. Today’s figures confirm preliminary the preliminary data released on September 16.
No let up ahead in terms of fiscal demands for new Greek government
Fiscal policy remains at the heart of Greece’s third economic adjustment programme. A series of fiscal measures were approved in the summer but a long list of pending interventions is among the key milestones for the first programme review.
Pension reform to be one of new government's toughest challenges in next weeks
Reform of the Greek pension system will be one of the thorniest issues in the third bailout programme that the new government will have to tackle. It is a key milestone in the coming months.
Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
Greece's travel receipts grew by 3.5 percent in July from 1.2 percent in June, Bank of Greece (BoG) figures showed on Tuesday.
Cash primary surplus improves by 32.4 pct to 3.07 bln on revenue boost in August
Greece’s central government primary cash surplus grew by 32.4 percent to 3.07 billion euros in the 8-month period of 2015 from 2.32 billion in the corresponding period last year, Bank of Greece (BoG) figures displayed on Monday.
No time for Tsipras to celebrate as long list of tasks means pressure is on from start
The new coalition government to be sworn in on Tuesday after Sunday’s snap elections has a series of challenges ahead of it, most of which stem from the commitments and deliverables outlined in the third bailout programme signed a month ago.
Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports
Greece's current account (C/A) balance had a surplus of 4.25 billion euros in July, which is 3.3 times higher compared to the 1.27 billion posted last year, according to Bank of Greece (BoG) data published on Monday.
Tax arrears rise again in August as 645 mln in new debt added for total of 6.92 bln this year
Greece’s new unpaid taxes resumed an accelerating trend growing by 645 million euros in August from 388 million in July, General Secretariat of Information Systems (GSIS) data showed on Monday.
Greek stocks gain 3.5 pct during week as investors wait for election fog to clear
Greek shares traded mostly on positive ground this week, with the Athens Stock Exchange general index recording gains of 3.5 percent.
Industrial turnover records its sharpest drop in six years, down 15.4 pct in July
The Greek Turnover Index in Industry dropped by 15.4 percent in July from a revised 12.9 percent decline in June, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.