Economy
Athens starts MTFS process with baseline scenario that sees growth slowing down
The regular cycle for the preparation of Greece’s Medium-Term Fiscal Strategy (MTFS) for the 2020–2023 period began on Friday with a memo that was issued by the Alternate Finance Minister Giorgos Houliarakis to all the ministries involved in the process.
Athens adjusts foreclosure framework, waits for lenders to give green light
The Greek government is hoping to table in Parliament early next week the new bill for the protection of primary residences from foreclosures after another round of talks with local bankers on Thursday.
Short-term rentals raise rents by average of 8.3 pct, study indicates
A survey by Grant Thornton Greece commissioned by the Hellenic Chamber of Hotels has indicated the alleged impact of the short-term rental market in Greece.
Travel balance falls by 45.6 pct in Dec but rises by 9.6 pct in 2018 as visitors top 30 mln
Greece’s travel balance fell by 45.6 percent in December following a rise of 73.5 percent in November, Bank of Greece (BoG) data has shown.
Primary cash surplus at 735 mln in Jan on expenditure and interest payment rise
Greece’s central government primary cash surplus fell by 1.95 billion euros year-on-year (YoY) to 735 million in January, Bank of Greece (BoG) figures showed on Wednesday.
OTE's revenues remain unchanged in 2018, Albanian operation to be sold
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues for 2018 were unchanged year-on-year (YoY).
December current account deficit at 1.51 bln and 5.28 bln for 2018
Greece’s current account (C/A) balance recorded a deficit of 1.51 billion euros in December compared to a deficit of 1.47 billion in November, Bank of Greece (BoG) figures showed on Wednesday.
Tweaks to proposal on protection of main homes likely to be needed
It appears that the Greek government still has work ahead of it to refine the proposal for the protection of primary residences as the institutions have a number of objections.
Central government debt increases by 2.91 bln to 358.95 bln in Q4
Greece’s central government debt rose by 2.91 billion euros to 358.95 billion euros quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2018, from 356.03 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.
Industrial turnover falls by 0.9 pct in December for first negative reading of 2018
Greece’s industrial turnover fell by 0.9 percent year-on-year (YoY) in December after a revised increase of 7.5 percent in November, Hellenic Statistical Authority (ELSTAT) data published on Tuesday showed.