Economy
Fourlis Group improves on net loss in Q1
Fourlis Group, a leading group of companies in Greece and the Balkans for quality consumer durable goods, reported an increase in sales by 8 percent in the first quarter (Q1) of the year.
Concerns raised about next year's pensions cuts
Employees at Greece's main social security fund have raised the alarm regarding the extent to which pensions will be cut next year, when Greece is expected to trim its spending on retirees by 1 percent of GDP, or 1.8 billion euros.
Growth strategy sets out reform targets, broad policies for post-MoU era
Greek Parliament debated on Wednesday the holistic growth strategy compiled by the government as part of the commitments it had agreed at last summer’s Eurogroup, when the second review was concluded.
![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
Debt relief talks enter final phase, with June 21 as target for deal
No final decision on Greek debt relief is expected at Thursday’s Eurogroup, although Athens has received assurances that an agreement will be reached by June 21, when eurozone finance ministers are due to meet in Luxembourg.
Travel surplus rises by 48.2 pct in March as receipts increase
Greece’s travel balance rose by 48.2 percent year-on-year in March, recovering from a 135.2 percent drop noted in February, Bank of Greece (BoG) data revealed on Tuesday.
Hellenic Exchanges Q1 results point to net profits of 1.2 mln
Athens Stock Exchange’s (ATHEX) first quarter (Q1) results showed that group turnover grew 29 percent year-on-year.
After unveiling growth plan, Athens has fourth review loose ends to tackle
Prime Minister Alexis Tsipras outlined at a cabinet meeting on Monday the growth strategy for the post-programme era, confirming that this task has now been completed and that his government can focus on the other parts of the fourth review that need to be taken care of.
Industrial turnover up by 3.4 pct in March, positive for third month
Greece’s industrial turnover increased by 3.4 percent in March after February’s growth was revised upward to 3.9 percent, Hellenic Statistical Authority (ELSTAT) data published on Monday showed.
March current account deficit at 955.8 mln on improvement in goods balance
Greece’s current account (C/A) balance recorded a deficit of 955.8 million in March, improving against February’s deficit of 1.29 billion, Bank of Greece (BoG) figures showed on Monday.
After fourth review SLA, build-up to May 24 Eurogroup begins
After Greece and the institutions reached a staff-level agreement on Saturday, attention is turning to the implementation of the fourth review’s prior actions and the discussion on debt relief and post-programme monitoring between the creditors.