Greece posts 3.9 percent GDP primary surplus in 2016: Greek statistical authority

2017-04-21 12:00:47 GMT2017-04-21 20:00:47(Beijing Time) Xinhua English

by Maria Spiliopoulou

ATHENS, April 21 (Xinhua) -- Greece recorded a primary surplus of 3.9 percent of GDP in 2016, exceeding by far initial forecasts, official figures released by the Greek statistical authority ELSTAT showed on Friday.

The better than anticipated figures are expected to help Athens in current talks with international creditors on the way forward to overcome the seven- year Greek debt crisis, Greek national news agency AMNA reported.

Speaking to Xinhua in Athens on Thursday, Greek Digital Policy Minister Nikos Pappas had said that the government was expecting a higher than anticipated level of primary surplus for last year. The improved fiscal indexes will enhance its position in negotiations with creditors to close the second review of the current third bailout and continue on the path of economic recovery.

Under the third Greek bailout program reached in the summer of 2015, a target of 0.5 percent of GDP primary surplus was agreed for 2016.

Zhejiang's foreign trade value amounts to 81.24 bln USD in Q1

Xinjiang's medical industry becomes promising part of Belt and Road Initiative

German girl learns Chinese martial art in SE China's Yongchun

NATO forces start services in Estonia

China launches first cargo spacecraft Tianzhou-1

Terraces shrouded by clouds in south China's Guangxi

China-made C919 passenger jet to take off soon

Redbud flowers in full bloom in S China

| PRINT | RSS