Economy
Primary surplus up to 3.9 pct of GDP in 2016, far above target
Greece’s general government primary surplus climbed to 3.9 percent of GDP in 2016, according Hellenic Statistical Authority (ELSTAT) first notification published on Friday.
Folli Follie revenues rise by 12.1 pct in 2016
Greek jewellery and fashion accessory designer and retailer Folli Follie’s annual results for 2016 show that revenues for the year reached 1.33 billion euros compared to 1.19 billion euros, up by 12.1 percent, continuing the group’s trend for recession-beating financial performance.
Primary cash balance turns to 295 mln deficit in Q1
Greece’s central government primary cash balance turned to a deficit of 295 million euros in the 3-month period of 2017 from surplus of 2.85 billion a year ago, Bank of Greece (BoG) figures showed on Thursday.
Industrial turnover continues on upward curve with 20.9 pct rise in Feb
Greece’s Turnover Index in Industry continued rising at a double-digit pace of 20.9 percent in February, although this was slower than the growth rate of 26.7 percent recorded in January, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
Current account deficit expands to 937 million in Feb
Greece’s current account (C/A) deficit widened by 108.8 million euros to 936.9 million in February from 828.1 million last year, Bank of Greece (BoG) figures revealed on Thursday.
IMF revises fiscal estimates upward, sees debt ratio at 162.8 pct in 2022
A day after the publication of its World Economic Outlook (WEO), the IMF released on Wednesday its Fiscal Monitor, which provided its updated fiscal estimates.
IMF downgrades Greek GDP and unemployment forecasts
The publication of the International Monetary Fund’s World Economic Outlook (WEO) on Tuesday revealed worse estimates for the Greek economy compared to the upbeat set of forecasts included in its previous forecasts, which were released early last October.
Budget primary surplus falls to 1.1 bln in Q1, slightly above target
The budget primary balance recorded a surplus of 1.07 billion euros in the first quarter (Q1), which was 42.7 percent lower than the figure of 1.86 billion a year ago, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday.
Since 2010, declared income has plummeted but tax due has risen
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The publication by the Independent Authority of Public Revenue (IAPR) of the annual statistical bulletins provided revealing information about the composition personal income tax and its evolution over the past few years.
Another increase for stocks, which edge up 0.4 pct during week
The Greek stock market edged up for the third straight week, rising by 0.4 percent but with soft trading volumes following a stronger rise of 2.3 percent last week as investors remain cautiously optimistic about a conclusion of the second programme review.