Economy
Fiscal obligations set out in sMoU, discussion on speeding up tax measures due in May
The supplemental Memorandum of Understanding (sMoU) that was the product of the Staff Level Agreement (SLA) between the Greek authorities and the institutions outlines the understanding and obligations on the fiscal sustainability front, which range from improving public financial management to strengthening the institutions and processes that will deliver on the fiscal commitments.
Trade deficit grows by 20.6 pct in October, driven by higher imports
Greece’s trade deficit rose by 20.6 percent in October after a decline of 3.8 percent in September, the Hellenic Statistical Authority (ELSTAT) data showed on Friday.
CPI rises again in November, at accelerating rate of 1.1 pct
Greece’s Consumer Price Index (CPI) rose by 1.1 percent in November, accelerating from the 0.7 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Car sales rise by 16.1 pct in November
Road motor vehicles going into circulation for the first time rose by 16.1 percent in November from 34.4 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
Unemployment rate continues decline to 20.5 pct in September
Greece’s seasonally adjusted (SA) unemployment rate fell to 20.5 percent in September after a slight upward revision of 20.7 percent in August, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday.
General govt primary cash surplus at 6.39 bln in October, arrears continue to decline
Greece’s general government (gg) primary cash surplus amounted to 6.39 billion in the first 10 months of 2017, up by 452 million compared to the same time last year according to the Finance Ministry’s (MoF) monthly gg bulletin.
Banks meet NPE reduction targets in Q3, adjust targets for next two years
Greek banks succeeded in meeting their non-performing exposure (NPE) reduction target in the third quarter (Q3) of 2017 according to the fifth quarterly report on operational targets for NPEs published by the Bank of Greece.
Strike legislation, auctions present Athens with challenges in wake of SLA
Despite reaching a staff-level agreement (SLA) with its lenders a few days ago, the Greek government continues to face challenges in implementing some of the commitments it made to the institutions.
Eurogroup paves way for completion of third review, talks on debt relief
Monday’s Eurogroup rubber stamped the staff-level agreement reached between Greece and the institutions in Athens, paving the way for the Greek government to complete the remaining prior actions so the disbursement of the next tranche can be made and talks on debt relief can follow.
GDP growth slows in Q3 amid lower 2017 forecasts
Greece’s seasonally adjusted (SA) GDP grew by 0.3 percent quarter-on-quarter (QoQ) in the third quarter (Q3) of 2017 after an upwards revised increase of 0.8 percent in the previous quarter, provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Monday.