Economy
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.
Limited arrears clearance in first two months of 2017
Greece cleared arrears of just 48.6 million euros in February, bringing the total figure to 68.3 million for the year to date, the Finance Ministry (MoF) bulletin for the payment of arrears revealed.
Building activity increases for second straight month after 11.1 pct rise in Jan
Greek building permits increased for the second straight month in January but at the faster pace of 11.1 percent after a rise of 2.1 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.