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Bank credit eases 1.6 pct in August on slightly accelerating negative flow
EconomyMacroeconomyFollowing a deceleration in the preceding four months, Greek bank credit contraction resumed... reading in the 8-month period with the year to date figure remaining slightly positive pointing to net... euros with the lending flow remaining negative for the second straight month at around 20 million
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Budget primary surplus of 3.8 bln to Aug beats target by wide margin
EconomyMacroeconomyof 18.84 billion need to be collected in the next four months. This corresponds to a monthly figure of 4.71..., remaining 2 billion lower than target. MoF said that compared to last year, expenditure increased by 292... and the remaining 372 million in August. Interest payments climbed 17.1 percent to 410 million in August, while
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After Article IV consultations IMF says challenges remain, substantial debt relief is needed
EconomyProgrammeis required for Greece to address the four key structural problems that persist. a) public finances.... The already implemented reforms should be complemented by opening up remaining closed professions... further debt relief, and Greece must seize the opportunity to address the remaining challenges.
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Newsletter 125 -30/06/2017
last week, examines four scenarios and concludes that the resulting high debt and gross financing... International Airport (AIA), the remaining regional airports, the management rights for the rolling stock... the remaining 50 percent will be used for investment. The Medium-Term Fiscal Strategy (MTFS
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Clock ticks on prior actions as coalition searches for solution on islands
PoliticsGreek Politicsfour days before a brief break for Christmas and New Year. Sessions are due to resume on January 3...The Greek government is under severe time pressure to complete some 70 prior actions remaining... Union and Ankara foresees those who are to be returned to Turkey remaining on the islands until
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Lenders set out post-MoU reform tasks ahead for Athens
EconomyProgrammereturn of the SMP and ANFA profits over the next four years - are conditional on Greece staying... of 2012 took place, it will develop an exit strategy for its remaining small stake by the end of 2018.... The cadastre project must be completed by mid-2021. In the meantime, the drawing of the remaining
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Economic sentiment remains stable as retail confidence materially improves
EconomyMacroeconomyimprovements were noted in most of the remaining underlying indicators. Industry confidence rose by 0.9 points to 6.3, remaining positive after four months of negative readings. In the year so far
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Private sector employees increase in 2018 along with average wage rise of 4.6 pct
EconomyMacroeconomyof all firms were classed as small operations with up to four employees. Firms employing between... and food services and 10.1 percent in wholesale trade, remaining more or less unchanged from... percent were females, also remaining mostly unchanged from the previous year. The majority of employees
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Tsipras wins confidence vote, has to repeat trick in ballot on name deal
PoliticsGreek PoliticsAgreement. It had been expected that four of To Potami’s six MPs (Danellis being one of them) would... of the remaining five, Grigoris Psarioanos and Giorgos Amyras, are not in favour of the agreement but the remaining three, including Theodorakis, have backed the deal. The latter is also conscious
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S&P keeps rating at 'B+' and highlights obstacles to competitiveness
Economyagencies are four notches away. According to S&P, the positive outlook could bring a rating upgrade... of all remaining capital controls. The rating agency also sees as a trigger for an upgrade.... The average remaining term of Greece's debt was 18.2 years as of year-end 2018, which is set to increase
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