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EconomyMacroeconomy
Primary cash surplus at 735 mln in Jan on expenditure and interest payment rise Greece’s central government primary cash surplus fell by 1.95 billion euros year-on-year (YoY) to 735 million in January, Bank of Greece (BoG) figures showed on Wednesday.
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EconomyMacroeconomy
New overdue taxes rise by 1.25 bln in Dec, total for 2018 at 106.62 bln The month-on-month rise in Greece's new tax debt came to 1.25 billion in December, increasing from November’s figure of 857 million data from the Independent Authority of Public Revenues (IAPR) showed this week.
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EconomyMacroeconomy
Budget primary surplus beats Jan target by 706 mln on significant underspend Greece’s Finance Ministry issued on Friday the first budget execution update for 2019, with the preliminary data showing that the primary surplus settled at 603 million euros, against a deficit target of 103 million euros.
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EconomyMacroeconomy
General govt primary cash surplus at 5.63 bln in Dec, arrears fall by 536 mln but miss target Greece’s general government (gg) primary cash surplus came to 5.63 billion euros across 2018, down by 593 million euros compared to 2017 according to the Finance Ministry’s (MoF) monthly gg bulletin.
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EconomyFeatures
Study casts light on unusual export profile, identifies areas for improvement A study by the Dianeosis thinktank has shown that Greece’s export sector is hampered by public administration, structural barriers and introversion, and recommended several measures for both policy-makers and businesses.
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EconomyFeatures
FDI, rather than tax cuts, holds key to stronger growth rates - study A study by IHS Markit which analysed the various growth policies and factors that could contribute to Greece’s future long-term economic growth found that raising foreign direct investment (FDI) is the most vital element.
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EconomyMacroeconomy
Tourism continues on upward trajectory as latest figures signal record-breaking arrivals Greece’s tourism industry, which weathered the country’s economic crisis relatively well, has remained a strong revenue generator with aggregate figures for the nine-month (9M) period showing that the year already surpassed arrival predictions.
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EconomyMacroeconomy
Primary surplus confirmed at 3.34 bln in Dec, misses annual target by 367 mln The budget primary balance was confirmed at a surplus of 3.34 billion euros in 2018, according to the final budget execution bulletin for December published by the Finance Ministry (MoF) on Friday.
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EconomyMacroeconomy
Travel balance rises by 73.5 pct in Nov, 9.7 pct in aggregate period Greece’s travel balance grew by 73.5 percent in November following a rise of 21.4 percent in October, Bank of Greece (BoG) data has shown.
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EconomyMacroeconomy
Primary cash surplus at 16.19 bln in 2018, 3.18 bln spent on reducing arrears Greece’s central government primary cash balance recorded a surplus of 16.19 billion euros in 2018, Bank of Greece (BoG) figures have shown.