Economy
BoG sees ample capital space for banks to sell bad loans
The Bank of Greece (BoG) presents in its semiannual overview of the Greek financial system a sensitivity analysis on active NPE management by Greek financial institutions in relation to the operational targets of reducing their stock to 64.6 billion euros, from 101.8 billion, by the end of 2019.
Primary cash balance falls to deficit of 877 mln in Dec, expenditure rises
Greece’s central government primary cash balance landed at a deficit of 877 million euros for the full year up to December 2017, compared to a surplus of 1.95 billion euros for 2016, Bank of Greece (BoG) data revealed on Thursday.
Travel balance for nine-month period shows surplus of 11.57 bln
The balance of travel services came to a surplus of 11.57 billion euros for the nine months of 2017 according to figure released by the Bank of Greece (BoG).
HRADF outlines major privatisation plan, no timelines given
The Hellenic Republic Asset Development Fund (HRADF) this week released an outline for the completion of several major privatisations, though no deadlines or timelines were specified.
Despite speculation, post-MoU credit line seems unlikely
A meeting between officials from the European Central Bank, the Bundesbank, Bank of Greece and executives representing Greek lenders in Frankfurt on Monday has sparked speculation that Athens may opt for a precautionary credit line to support its exit from the programme in the summer.
Grand projects and even loftier ambitions drive Greece's energy project bonanza
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Following a bleak few years, Greece’s energy sector is starting to show significant potential, with several major projects moving forward.
Building activity increases by 16.4 pct in October
Building permits rose by 16.4 percent in October, reversing September’s decline of 3 percent, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed.
Budget primary surplus at 1.97 bln in 2017 on strong underspend
The budget primary balance recorded a surplus of 1.97 billion euros in 2017, down by 29.2 percent against the figure for 2016 which stood at 2.78 billion, MoF preliminary budget execution bulletin showed on Monday.
Net job hirings balance positive by 15,315 in December
The employment balance returned to positive territory in December as hirings outpaced departures by 15,315, data from the Labour Ministry’s Ergani information system revealed on Monday.
CPI rises by 0.7 pct in Dec for first 12-month positive streak after four years of deflation
Greece’s Consumer Price Index (CPI) rose by 0.7 percent in December, slowing from November’s growth of 1.1 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday.