Economy
The race to reduce Greece's bad loans
Ahead of this week’s Eurogroup, the bad loans plaguing Greece’s banks are once again coming into focus.
April current account deficit at 1.34 bln as goods deficit grows
Greece’s current account (C/A) balance recorded a deficit of 1.34 billion euros in April, deepening from March’s deficit of 955.8 million, Bank of Greece (BoG) figures showed on Wednesday.
Lenders set out post-MoU framework with aim of securing reforms
Details of the post-programme framework that is set to be agreed at Thursday’s Eurogroup, ensuring that Greece meets its fiscal and reform targets in the future, have been published.
Industrial turnover rises by 6.7 pct in April for fourth positive reading
Greece’s industrial turnover reflected a strong increase in April with growth of 6.7 percent after March’s figure was revised upward to 3.7 percent, Hellenic Statistical Authority (ELSTAT) data published on Tuesday showed.
Fourth review nears conclusion, clearing path for debt relief agreement
Greek ministers and representatives of the institutions held a teleconference on Monday to discuss the state of play in the fourth review as all sides attempt to clear the decks so a comprehensive agreement, including debt relief, can be reached at Thursday’s Eurogroup.
Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
Greece’s central government primary cash balance recorded a surplus of 6.40 billion euros in the first five months of the year, Bank of Greece (BoG) figures showed on Monday.
Privatisation projects gather pace as Athens targets 2 bln in revenue for 2018
The government will be looking to demonstrate a significant reduction in its list of 88 prior actions by the June 21 Eurogroup, including covering ground on several major privatisations.
Multi-bill passed, sub-tranche released but debt relief expectations dwindling
Expectations for the debt relief package that may be agreed at next week’s Eurogroup are being kept low and the interventions that are due to be announced look set to fall below the bar set by the Greek government.
Turnover in services sector shows deteriorations in Q1 2018
Turnover indices for the services sector recorded a slight deterioration in the first quarter (Q1) of 2018, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
The budget primary balance came to a surplus of 1.54 billion euros in the first five months of 2018, the Finance Ministry (MoF) preliminary budget execution bulletin for May showed on Thursday.