Economy
Current account posts deficit of 1.39 bln in November
Greece’s current account (C/A) balance posted a deficit of 1.39 billion euros in November, from a deficit of 673.4 million in October, according to Bank of Greece (BoG) data released on Monday.
Industrial turnover drops by 7.9 pct in November
Greece’s industrial turnover fell by 7.9 percent year-on-year (YoY) in November, deepening from a drop of 7.4 percent in October, Hellenic Statistical Authority (ELSTAT) data published on Monday showed.
Primary cash balance surplus at 5.56 bln in December
Greece’s central government primary cash balance recorded a surplus of 5.56 billion euros in 2019 according to figures released by the Bank of Greece (BoG).
Athens steps up drive for fiscal space as fifth post-MoU review continues
Monday’s Eurogroup in Brussels will provide the first opportunity for the Greek government to sound out European officials regarding its efforts to create more fiscal space, while discussions will continue in Athens this week regarding the fifth enhanced surveillance review.
Building permits increase by 12.6 pct in October
Building permits rose by 12.6 percent year-on-year (YoY) in October compared to a rise of 8.5 percent in September, Hellenic Statistical Authority (ELSTAT) data released on Friday showed.
Travel surplus rises by 12.7 pct in 9M
The balance of travel services came to a surplus of 14.10 billion euros for the first nine months (9M) of the year, Bank of Greece (BoG) noted in its travel balance report.
Public investment under spotlight amid arguments over budget execution
The issue of public investment spending became a point of friction on Wednesday when the deputy minister responsible for fiscal issues claimed the previous government used creative means to make investment spending appear higher at state budget level than it was.
Budget primary surplus at 4.96 bln in Dec, beating annual target
The budget primary balance recorded a surplus of 4.96 billion euros across the twelve months of 2019, compared to a surplus of 91 million noted in December 2018, the preliminary Finance Ministry (MoF) budget execution bulletin showed on Wednesday.
Deadline looms for troubled home protection scheme as insolvency law is lined up
The sensitive issue of protecting primary residences from foreclosures, which over the last decade was dealt with by the so-called Katseli law that was introduced very early in the crisis and then extended by subsequent administrations, is starting to move up the agenda of key stakeholders.
Car sales jump by 21 pct in Dec as 2019 closes with 12.8 pct rise
Road motor vehicles going into circulation for the first time jumped by 21 percent year-on-year (YoY) in December, following a solid rise of 12.5 percent in November, according to data released by Hellenic Statistical Authority (ELSTAT) released on Tuesday.