European Economic and Monetary Affairs Commissioner Pierre Moscovici said on Monday that Greece and its creditors has been made some progress.

"We have moved closer to common understanding on reforms to be adopted in a number of areas," he noted. He added that Greece agreed to engage "more constructively on the issue of privatizations" and that there are also some progress regarding the reform of the gas market.

Moscovici pointed out that talks are needed to speed up.

He noted that there are no talks about a third aid package for Greece.