Finances
Economy
Greece Draws €2 Billion From Capital Markets After Successfully Issuing 7-Year Bond
Athens drew €2 billion from international capital markets on Holy Wednesday, following the successful issuance of seven-year syndicated bonds.
Greece "has accessed global markets today, through adverse social and economic conditions created globally by the pandemic, and succeeded," Finance Minister...
Economy
Greece Aims to Raise Money from Capital Markets by Issuing New 7-Year Bond
Greece opened a book-building process for a seven-year syndicated bond on Holy Wednesday.
The Greek government ordered Citi, Commerzbank, Credit Suisse, Morgan Stanley, Nomura and Societe Generale banks to issue the new seven-year bond, as Athens takes action to strengthen...
Greece
Eurostat Survey Finds Greeks Continue to Dine Out Despite Crisis
Despite the substantial decrease in their incomes in the period between 2010 and 2016, Greek citizens seem to have not been very keen to curtail their plans to eat out.
This is one of the findings of the statistical service of...
Economy
Study Finds Greece's Social Handouts at EU Average, but Unequally Redistributed
The European Statistics Agency Eurostat published an interesting study recently about the levels of social protection across the European Union.
The study presents valuable information not only about the total expenditure each member state spends to protect the most vulnerable in...
Economy
European Stability Mechanism Approves Athens' Request for Early Repayment of IMF Loans
The European Stability Mechanism (ESM) on Monday approved an early partial repayment of Greece's outstanding loans to the International Monetary Fund (IMF).
At the same time it will waive Greece's obligation to simultaneously repay the same proportion of outstanding loans...
Greece
Greece's Tourism Revenues Up by 13.6% So Far in 2019
According to Bank of Greece data on the country's current account balance between January and August of 2019, revenues from tourism rose by an impressive 13.6 percent compared to the same period last year.
There was also a 3.6 percent increase...
Economy
IMF Disagrees With Brussels; Sees Lower Greek Surpluses for 2019, 2020
Vitor Gaspar, the Head of the Fiscal Affairs Department of the International Monetary Fund (IMF) presented the Fund's Fiscal Monitor on Wednesday, just before its annual autumn summit in Washington.
With regard to the IMF's projections about Greece's economy, the data presented...
Economy
European Union to Give Green Light to Greece's Budget for 2020
Τhe European Commission posted Greece's draft budget plan for 2020 on its website on Wednesday. The budgetary projections envisage a primary surplus of 3.7 percent of GDP in 2019 and a surplus of 3.5 percent of GDP in 2020,...
Economy
Greek Primary Surplus Continues to Exceed Targets Despite Tax Cuts
The Greek state budget recorded a primary surplus of 4.479 billion euros in the January-September period over budget targets, for a surplus of €1.467 billion, the country's Finance Ministry announced on Tuesday.
There was a primary surplus of 2.523 billion euros...
Economy
Greece Borrows With Negative Interest For the First Time in History
Greece has for the first time in history borrowed money with a negative interest rate, it was made public on Wednesday.
According to a statement issued by the country's Public Debt Management Authority, during Wednesday's three-month T-bill auction, the country...