Economy
Deposits turn negative in Jan with outflows of 1.40 bln
Net deposit movement in the Greek banking system turned negative in January with outflows of 1.40 billion euros compared to positive inflows of 2.54 billion euros in December, Bank of Greece (BoG) figures revealed on Tuesday.
Credit contraction at 0.8 pct in January as household, corporate lending falls
Credit contraction in the Greek market remained unchanged at 0.8 percent in January, staying static for a fourth month, Bank of Greece (BoG) figures showed on Tuesday.
Economic sentiment at 104.3 pts in Feb, consumer confidence falls by 2 pts
Greece’s economic sentiment (ESI) continued to strengthen in February, increasing by 2.4 points to 104.3 compared to a reading of 101.9 in January, European Commission (EC) figures revealed on Tuesday.
BoG looks at other programme exits and options available to Athens
Over the last few weeks Greece’s central bank governor, Yannis Stournaras, has been arguing that the Greek government should explore all options for the post-programme era, including a precautionary credit line.
Budget primary surplus confirmed at 1.85 bln in January
The budget primary balance was confirmed at a surplus of 1.85 billion euros in the first month of 2018, beating the forecast by 1.13 billion euros, the Finance Ministry (MoF) final budget execution bulletin revealed on Monday.
Fourth review begins, with Athens and creditors also focussing on post-MoU era
Discussions on the fourth review began in Athens on Monday, with the Greek government and its lenders facing many issues to contend with over the coming weeks.
Airport redevelopment gets green light, leaving one prior action as lenders return to Athens
The Council of State has approved the redevelopment of Athens’s former airport at Hellenikon, meaning just one prior action from the third review remains to be completed as the Greek government and the institutions gear up for the fourth review to start next week.
Self-employed paying less for social security contributions, Labour ministry reports
Data from the Labour Ministry has shown that a higher percentage of non-salaried workers will pay a minimum monthly social security contribution this year compared to last year, though the average amount payable has declined year-on-year.
Hellenic Petroleum reports best-ever adjusted EBITDA for 2017
Greece’s largest oil refinery, Hellenic Petroleum’s annual results for 2017 showed that net sales rose by 21 percent across the year.
Greek health care spending in the spotlight
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The world of Greek politics is being consumed by a price-fixing scandal centred on the Swiss pharmaceutical company Novartis, and its alleged links to senior Greek politicians between 2006-2015.