Economy
Travel balance falls by 53.6 pct in March
Greece’s travel balance fell to 31.6 million euros in March from 68.1 million a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 53.6 percent year-on-year (YoY).
Current account shows deficit of 1.10 bln in March as Covid-19 hits trade & travel
Greece’s current account (C/A) balance posted a deficit of 1.10 billion euros in March compared to a deficit of 1.14 billion in February, Bank of Greece (BoG) data showed on Thursday.
Piraeus Port Authority net profits rise by 27 pct in 2019
The Piraeus Port Authority (PPA) has released its annual financial statement for 2019, which revealed that turnover rose by 12.3 percent year-on-year.
Satisfied with reform commitment and pandemic response, EC wraps up sixth post-MoU review
The European Commission published on Wednesday the sixth report of the post-programme surveillance framework, paving the way for Greece to benefit from another round of debt relief measures.
Industrial turnover drops by 9.3 pct in March
Greece’s industrial turnover fell by 9.3 percent year-on-year (YoY) in March compared to a drop of 2.4 percent in February, Hellenic Statistical Authority (ELSTAT) data published on Wednesday showed.
PBO highlights economic impact of Covid-19, calls for policies to mitigate damage
The Budget office of the Greek Parliament (PBO) issued its first quarterly report for 2020 in which the early signs of the pandemic started becoming visible, although the office notes that even the latest fiscal and macro data are far from capturing the impact of the pandemic.
Central government debt increases by 5.81 bln to 361.83 bln in Q1
Greece’s central government debt increased by 5.81 billion euros to 361.83 billion euros quarter-on-quarter (QoQ) in the first quarter (Q1) of 2020, from 356.01 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
Eurobank announced last week that it was submitting the securitisation of the final arm of their Cairo portfolio to the government’s Hercules scheme.
Primary cash balance deficit climbs to 2.62 bln in April largely on revenue deterioration
Greece’s central government primary cash balance recorded a deficit of 2.62 billion euros in the first four months of the year according to figures released by the Bank of Greece (BoG).
Budget primary balance dips to deficit of 1.51 bln in April on Covid-19 measures
The budget primary balance recorded a deficit of 1.51 billion euros in the first four months of 2020, compared to a surplus of 1.46 billion noted in April 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for April showed on Friday.