Grivalia Properties net profits rise by 87 percent in nine-month results
Primary cash surplus at 2.88 bln in Oct on higher expenditure, arrears payments
Fall in apartment prices continues with slower decline of 0.6 pct in Q3
Capital controls to be loosened further, restrictions on foreign cash removed
Budget primary surplus at 5.36 bln in 10-month, exceeding target on lower expenditure
Eurosystem funding falls by 4.38 bln in October as ELA declines
Budget primary surplus to Oct confirmed at 6.5 bln, 2.9 bln above revised target
Greece’s budget primary surplus was confirmed at 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
Despite the upward revision, the 10-month primary surplus still stands 2.93 billion above target. The outperformance mostly reflects a higher PIB balance (by 878 million), stronger revenue collection (by 825 million) and underspend (by 726 million).
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