Economy
Travel balance up by 15.3 pct in September
Greece’s travel balance rose to 2.63 billion euros in September from 2.28 billion a year ago, Bank of Greece (BoG) data has shown.
Despite differing views IMF and EC see no immediate debt sustainability concerns
Greece’s debt sustainability was assessed again by the two main institutions tasked with the analysis of the viability of the country’s debt, the IMF as part of the Article IV consultation process published last week and the European Commission in the fourth post-programme review released on Wednesday.
Primary cash balance surplus at 5.56 bln in October
Greece’s central government primary cash balance recorded a surplus of 5.56 billion euros in the first 10 months of the year according to figures released by the Bank of Greece (BoG).
Brussels gives Athens thumbs-up for reforms and budget
Greece’s new government managed to successfully clear on Wednesday the first major approval hurdle in its brief tenure as the European Commission (EC) published the fourth post-programme surveillance report, concluding that Greece has taken all the necessary steps to meet its mid-2019 commitments.
Central government debt down to 353.85 bln in Q3, average maturity stable at 21 years
Greece’s central government debt fell by 2.67 billion euros to 353.85 billion euros quarter-on-quarter (QoQ) in the third quarter (Q3) of 2019, from 356.55 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.
Current account shows surplus of 886.6 bln in September, aggregate figure almost balanced
Greece’s current account (C/A) balance came to a surplus of 886.6 million in September, dropping from a surplus of 1.87 billion in August, Bank of Greece (BoG) figures released on Wednesday showed.
Ellaktor’s Q3 results show loss of 24.9 mln
The Ellaktor Group of Companies’ financial results for the first nine months (9M) of 2019 showed that turnover fell by 26 percent in the first nine months of the year.
Alpha Bank posts net profits of 4.7 mln in Q3
Alpha Bank reported net profits of 4.7 million euros for the third quarter (Q3) of 2019, falling sharply from net profits of 59.4 million euros in Q2.
Fourlis Group net profits drop to 6 million in 9M
Fourlis Group has reported an increase in sales of 4.2 percent in their nine month (9M) results for 2019.
Industrial turnover edges down by 0.5 pct in September
Greece’s industrial turnover edged down by 0.5 percent year-on-year (YoY) in September following a slightly revised decrease of 8.2 percent in August, Hellenic Statistical Authority (ELSTAT) data published on Tuesday showed.