Economy
OTE net profits down by 52 percent in 2017 as revenues fall
The Hellenic Telecommunications Organization S.A (OTE Group) has reported that revenues for 2017 fell by 1.3 percent.
Moody's upgrades rating to 'B3,' amid confidence about political outlook, economic prospects
In an unexpected move on Wednesday night, Moody’s was the latest ratings agency to upgrade Greece’s credit worthiness by two notches, to ‘B3’ from the ‘Caa2.’ maintaining the positive outlook.
Travel balance down by 76.3 pct in Dec, annual arrivals beat expectations
Greece’s travel receipts fell by 76.3 percent year-on-year in December, compared to a rise of 81.4 percent noted in November, Bank of Greece (BoG) data revealed on Wednesday.
Central government debt grows to 328.70 billion in Q4
Greece’s central government debt rose by 2.59 billion euros quarter-on-quarter (QoQ) to 328.70 billion in the fourth quarter (Q4) of 2017, from 326.11 billion in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
December current account deficit at 1.24 bln on falling services balance
Greece’s current account (C/A) balance recorded a deficit of 1.24 billion in December, worsening from November’s deficit of 954 million euros Bank of Greece (BoG) figures showed on Tuesday.
Work on post-programme framework continues despite tranche holdup
The delay in the disbursement of Greece’s next bailout tranche does not look like it will affect the plans to begin work on the fourth review, as well as the ongoing discussions regarding debt relief and the other post-programme arrangements.
Net job hirings balance negative by 16,542 in January
The employment balance turned negative in January as departures outpaced hirings by 16,542 for the first month of 2018, data from the Labour Ministry’s Ergani information system revealed.
Eurogroup confirms third review almost done but e-auctions still a concern
Monday’s Eurogroup did not bring down the curtain on the third review as Greece’s lenders are waiting for the completion of two more prior actions.
Banks gear up for stress tests, with results due in May
A clearer picture of the stress tests for Greek banks emerged over the past few days as the various stages and dates involved in the process were finalised.
Fitch upgrades Greek rating to 'B,' sees hybrid MoU exit and 2.1 pct growth this year
Fitch upgraded on Friday Greece’s long-term credit rating by one notch to ‘B’ from ‘B-‘, maintaining a positive outlook.