Greece revises GDP growth upwards to 1.5 pct in 2017

Greece on Wednesday revised its estimate for GDP growth in 2017 upwards to 1.5 pct, from an initial estimate of 1.4 pct in March. Hellenic Statistical Authority, in a report released on Wednesday, said this upward revision was attributed to [...]

Greek budget shows primary surplus of 3.157 billion euros in Jan-Aug

The Greek state budget showed a primary surplus of 3.157 billion euros in the January-August period, down from a primary surplus of 3.544 billion euros in the same period last year, but up from a budget target for a surplus of 917 million euros. The [...]

No transfer of Greek monuments or sites to Public Properties Company, HCAP says

No Greek archaeological monuments or other protected sites will be transferred to the Public Properties Company SA, according to an announcement issued by the Hellenic Corporation of Assets and Participations (HCAP) – the so-called privatisations [...]

New relaxation on capital controls very soon, FinMin Tsakalotos says

It is obvious that the figures add up, said Finance Minister Euclid Tsakalotos in an interview with Naftemporiki newspaper noting that “they add up because we have taken as calculating basis the financial area which we have already agreed [...]

Taxpayers’ arrears to the state up in July

Taxpayers’ arrears to the state grew to 101.704 billion euros in July, up 345 million euros from June, official figures showed on Wednesday. A report by the Independent Authority of Public Revenue (AADE) showed that the monthly growth rate [...]

Budget inspectors due in Athens Sept 10, pensions on agenda

Budget inspectors are due in Athens next week to get an update on the country’s fiscal and economic situation, a European Commission official said on Tuesday. Representatives from the country’s lenders – the International Monetary [...]

Greece to auction three-month T-bills on Wednesday

Greece will auction a three-month Treasury bill issue worth 625 million euros on Wednesday, 5 September, the Public Debt Management Organisation said on Friday. Settlement date will be Friday, 7 September and the auction will be made with competitive [...]

Tsakalotos: Greece is writing new history after the exit from the memoranda

Defending employment, wages, pensions, labour relations, but also education and health sector are the government’s main goals for the post-memorandum era, Finance Minister Euclid Tsakalotos said on Wednesday in an interview with ‘Efimerida [...]

BoG’s Stournaras: Greece’s progress indisputable; still long way to go

Bank of Greece governor (BoG) Yannis Stournaras in an interview with Kathimerini newspaper on Sunday said that Greece’s progress is indisputable and warned the country not to backtrack on commitments to its lenders after it exits the last [...]

Charitsis: We will clash with interests

We will clash with interests and with mentalities supporting the establishment to change the anarchic building environment, Alternate Economy Minister Alexis Charitsis told radio station “Sto Kokkino”. The government’s attempts [...]