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Shipping currency inflow rose 17 pct in 2017

Foreign currency inflows from shipping showed a 17 percent annual increase last year, a trend that is set to continue into 2018 given the improvement in the chartering market, according to the annual report of the Union of Greek Shipowners (UGS).

Competitiveness in Greece fails to improve

The Greek economy's competitiveness remains weak, illustrating that the mix of reforms and fiscal policy has not fetched the anticipated results.

Huge primary budget surplus in Jan-April

The collection of taxes from previous years, fund inflows from the European Union and non-tax revenues boosted the takings of the state budget in the first four months of the year, according to data released on Thursday by the State General Accounting Office.

Creditors deal Spirtzis blow over Egnatia

Greece's creditors are forcing Transport and Infrastructure Minister Christos Spirtzis into a humiliating retreat on all fronts on the issue of the Egnatia Highway, according to the updated version of the bailout agreement.

ATHEX: Benchmark sinks to its lowest point this year

Confidence in the Greek economy's recovery appears to be wearing thin again these days, as a meeting on Thursday of the Washington Group failed to reach an agreement on the Greek debt measures, bond yields remained high, Folli Follie's slump accelerated afresh and bank stocks took another tumble, leading the Athens Exchange (ATHEX) benchmark to a five-and-a-half-month low.

Campaign to block sale of F-35s to Turkey gets boost

The US House of Representatives on Thursday passed the National Defense Authorization Act (351-66), which includes suspending the sale of F-35 fighter jets and all major defense equipment deliveries to Turkey. The development is seen as the result of robust campaigning by the Hellenic American Leadership Council (HALC) and the Armenian National Committee of America (ANCA).

IMF, Berlin still divided over Greek debt but progress in sight

A meeting of the so-called Washington Group - representatives of Greece's creditors as well as the governments of Germany, France, Spain and Italy, the biggest eurozone economies - failed to break a deadlock over the Greek debt as the International Monetary Fund and Berlin remain divided on the length of an upfront extension on bailout loans.