Economy
OECD sees more growth, falling unemployment in Greece
In its latest Economic Outlook report published on Tuesday, OECD upward revised its GDP forecasts for Greece and is now expecting growth of 0.8 percent for 2014 from recession of 0.3 percent in its previous estimates published on May 6.
Greek public debt at 321.7 bln in Q3, average weighted maturity at 16.5 years
Greece’s central government debt fell by 0.2 percent to 321.7 billion euros in the third quarter (Q3) of 2014 from 322.4 billion in Q2, according to the Finance Ministry’s debt bulletin.
Fitch keeps Greek rating at 'B' with stable outlook
Fitch affirmed Greece’s rating at ‘B’ with a stable outlook in its scheduled sovereign update on Friday, This was the second rating action by Fitch within 2014 following the upgrade by one notch with a stable outlook on May 23.
Greece's 2015 budget: A breakdown of all the key figures
The Greek Finance Ministry (MoF) tabled in Parliament the 2015 budget on Friday, with the headline figures confirming what had recently been reported.
Travel receipts up again in September, reaching 2.3 bln
Greece's travel receipts grew for the fourth straight month by 10.9 percent to 2.28 billion euros in September, according to the Bank of Greece (BoG).
Greek current account surplus up to 1.6 bln in September after fourth straight rise
Greece's current account (C/A) balance posted a surplus for the fourth straight month in September, reaching 1.62 billion euros, up 67.3 percent year on year (YoY), according to the Bank of Greece (BoG).
Troika and Greece in stalemate over budget targets, prior actions as time ticks away
The Finance Ministry (MoF) is expected to table in parliament the 2015 budget on Friday amid a stalemate in discussions with the troika. As things stand, the budget will be submitted without the troika’s approval as has happened for the last two years.
Greek industrial turnover posts rise of 1.8 pct in September after earlier drop
Τhe Turnover Index in Industry rose by 1.8 percent in September following an upward revised 4.1 percent drop in August, according to the Hellenic Statistical Authority (ELSTAT).
Court ruling on property tax levels could hurt future revenues
The Council of State has reportedly ruled that objective property values, which are used instead of market prices to calculate tax, should be adjusted within the next months. This could deal a serious blow to revenues.
Central gov't cash surplus rises to €3 bln in October despite drop in revenues
Greece’s central government primary cash balance posted a surplus of 3 billion euros in the 10-month period from deficit of 3.42 billion last year, according to the Bank of Greece (BoG).