Economy
IMF sticks to reform, debt relief demands as programme role remains in doubt
A meeting between Prime Minister Alexis Tsipras and the International Monetary Fund’s managing director Christine Lagarde at the sidelines of the World Economic Forum in Davos on Thursday has rekindled interest in what stance the IMF will take regarding the Greek programme.
Piraeus Port Authority lays out major development plans
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Piraeus Port Authority (PPA) on Monday unveiled its ambitious 10-year investment plan, involving an estimated 500 million euros in investments.
Brussels sets out guide for post-MoU financing needs, cash buffer
The European Commission’s compliance report dedicates a section to Greece’s financing needs until this August, when the current programme runs its course, and the use of available financing for the post-programme period.
Budget primary surplus confirmed at 1.94 bln in 2017 on expenditure fall
The budget primary balance was confirmed at a surplus of 1.94 billion euros across the full 12 months of 2017, down by 30.1 percent against the figure for 2016, the Finance Ministry (MoF) final budget execution bulletin showed on Wednesday.
European Commission keeps DSA broadly same, stresses need for relief
The Compliance Report issued by the European Commission following the formal conclusion of the third review at Monday’s Eurogroup includes the updated Debt Sustainability Analysis (DSA) put together by the European institutions.
Disposable income grows by 0.8 pct in Q3, up from previous quarter
Greek household disposable income grew by 0.8 percent in the third quarter (Q3) of 2017, increasing on Q2’s growth of 0.2 percent, Hellenic Statistical Authority (ELSTAT) data revealed on Wednesday.
Travel balance up by 81.4 pct in November, foreign arrivals increase
Greece’s travel receipts increased by 81.4 percent year-on-year in November, compared to a rise of 14.2 percent noted in October, Bank of Greece (BoG) data revealed on Tuesday.
Eurosystem funding rises by 786 mln in December, banknotes in circulation rise
Greek banks’ Eurosystem funding rose by around 786 million euros in December, Bank of Greece's (BoG) monthly financial statement revealed on Monday.
Lenders set ambitious e-auction targets for Athens
Greece’s lenders have made it clear that they will keep a close eye on the unhindered conduct of auctions throughout Greece by attaching it as a condition for the second disbursement from the 6.7 billion tranche that was approved at yesterday’s Eurogroup.
Eurogroup sets up completion of third review, plans for programme's end
The Eurogroup reached on Monday what its new president, Portugal’s Mario Centeno, called a “political agreement” regarding the conclusion of Greece’s third review and the next loan disbursements for Athens.