Industrial production drops by 7.5 percent in May
CPI falls by 1.6 pct YoY in June
Car sales drop by 24.7 pct in June and 33.1 pct in first 6 months
Unemployment edges upward to 15.5 pct in April
EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed
Trade deficit falls by 47.7 pct in May
State clears 440 mln in arrears to private sector in July
In its first bulletin on the transfers and payments of general government arrears since the government came to power in January, the Finance Ministry (MoF) has set out how these debts are being paid following the conclusion of the first programmer review.
According to ministry figures for July, 1.67 billion euros was transferred for arrears clearance but only a quarter (440 million) was actually paid to the private sector by the end of the same month.
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