GREEK NEWS

Greece’s state budget had a primary surplus of 916 million euros in five-month period January-May 2019, against a target of a primary deficit of 1.447 billion euros and up from a surplus of 853 million euros for the same period in 2018, the Greek finance ministry announced in a report on the execution of the…

A mandatory submission of the financial reports of Greek non-financial-sector enterprises to the Bank of Greece will begin next November. The central bank set up a central balance sheet office with the task of collecting and offering specialised statistical information on the financial data of non-financial sector companies’ operating in Greece. This initiative is designed…

Building materials’ prices edged 0.2 pct higher in May compared with the same month last year, Hellenic Statistical Authority said in a report on Tuesday. The statistics service attributed this development to price increases of 4.7 pct in copper pipes, 2.0 pct in diesel oil, 2.0 pct in steel pipes, 1.2 pct in marble dust,…

On July 29, a new NSRF programme amounting to 22.4 million euros will be launched to support 7,000 private-sector workers that support their prospects of better terms of employment and professional mobility. The participants must be on the payroll of private-sector enterprises. Self-employed or unemployed persons are not entitled to the programme, with the sole…

Finance Minister Euclid Tsakalotos appeared optimistic over the outcome of the elections on July 7, noting that ballot boxes are currently standing empty while the key issue was “to what extent they will be filled”. According to Tsakalotos, the main thing was for citizens to participate in the elections and he called on the young…

The Greek GDP rose in real terms for the second quarter in a row, according to the quarterly report of the Hellenic Fiscal Council released on Monday. Real GDP in the first quarter of 2019 rose 1.3 pct compared to the same quarter in 2018, the report said, and unemployment numbers improved, including the seasonally…

Greek state budget showed a primary deficit of 1.45 billion euros on a cash basis in the January-May period, from a primary surplus of 6.4 billion euros in the same period last year, the Bank of Greece said on Thursdsay. The central bank, in a report, said that the central government’s cash result showed a…

Foreign investors’ holdings of Greek government bonds and Treasury bills totaled 4.2 billion euros in the January-April period, the Bank of Greece said in a report on Thursday. The central bank, in a monthly report, said that in April 2019, the current account showed a deficit of 1.4 billion euros, down by 85 million year-on-year,…

The Euroections result can be reversed in general elections, said Finance Minister Euclid Tsakalotos on Thursday, adding that “the Greek people should believe it.” In statements to to News 24.7 FM, the minister acknowledged that “the Greek people are stressed” after the memoranda, and said Syriza “must persuade them that we have a better plan…