Economy
Central government debt edges up to 326.5 billion in Q1
Greece’s central government debt rose by 171 million euros QoQ to 326.53 billion euros in Q1 2017, a Finance Ministry bulletin showed on Friday.
Industrial turnover up 24.5 pct in March for fifth straight month
The Turnover Index in Industry continued its positive performance in March after growth was revised to 21.3 percent for February, ELSTAT data showed.
Office prices rebound 0.6 pct in 2016 for first time since 2010, retail space prices edge down 0.4 pct
The office prices in Greece edged up 0.2 percent from the previous period in the second half (H2) of 2016, after an upward revised stronger growth of 0.6 percent in H1, Bank of Greece (BoG) data revealed on Thursday. The headline figure indicates the second straight positive reading.
Primary cash balance records deficit of 404 mln euros in 4-month period
Greece’s central government primary cash balance turned to a deficit of 404 million euros in the first four months of 2017 Bank of Greece (BoG) figures showed on Thursday.
Finance Ministry details impact of pension interventions, sees 2021 social budget surplus at 3.17 bln
The Finance Ministry tabled a legislative improvement in the multi-bill with prior actions, presenting the impact of the 2015-2016 social security fund interventions up to 2021.
Hellenic Petroleum net income up 287 pct in Q1
Greece’s largest oil refiner, Hellenic Petroleum’s Q1 2017 results showed that the group’s sales rose by 67 percent, going from 1.25 billion euros in Q1 2016 to 2.08 billion euros in 2017.
Finance Ministry ups 2017 budget primary surplus estimates on higher revenue projections
In addition to fiscal forecasts and interventions for the coming years, the Medium-Term Fiscal Strategy (MTFS) for 2018-2021 has updated state budget estimates for 2017.
Finance Ministry publishes roadmap for relaxation of capital controls
The Finance Ministry (MoF) published the roadmap for the relaxation of capital controls on Monday afternoon, one of the 140 prior actions the government has to implement in the context of the second programme review.
Budget primary surplus hits 1.74 bln in 4-month, beating target on strong underspend
The budget primary balance posted a surplus of 1.74 billion euros in the 4-month period of 2017, down by 9 percent from last year’s figure of 1.9 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Monday.
Q1 GDP down by mild 0.1 QoQ, hinting at impact of drawn-out review
Greece’s seasonally adjusted (SA) GDP fell marginally by 0.1 percent quarter on quarter (QoQ) in the first quarter (Q1) of 2017, after dropping by 1.2 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) flash estimates revealed on Monday.