MacroPolis

In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate

26/10/2022 - 09:24

The cautious steps, which the Public Debt Management Agency (PDMA) has been taking since the summer as it attempts to navigate through a higher rates environment that have pushed up the entire yield curve, continued on Tuesday via the re-opening of a 5-year issuance.

Final budget execution data for Sep highlights overperformance in most tax categories

25/10/2022 - 14:53

The budget primary balance for the nine months of 2022 came to a small surplus of 52 million euros, compared to a deficit of 5.96 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.

Travel surplus at 11.46 bln for 8M, beating 2019 record

24/10/2022 - 14:36

Greece’s travel balance recorded a surplus of 3.83 billion euros in August, from a 3.52-billion-euro surplus in July, according to Bank of Greece (BoG) data released on Monday.

S&P leaves Greece a notch away from investment grade as outlook blurs

24/10/2022 - 10:33

The rating cycle for Greece for 2022 was completed on Friday, with the S&P leaving the rating unchanged at ‘BB+’ and the outlook stable.

Current account surplus drops in Aug, as 8M deficit jumps by 73 pct to over 10 bln

21/10/2022 - 12:30

Greece posted a current account (C/A) surplus of 449.1 million euros in August, from 1.1 billion euros in July, Bank of Greece (BoG) data showed on Friday.

Industrial turnover up 42 pct YoY in Aug, but drops 15 pct MoM

20/10/2022 - 12:47

Greece’s industrial turnover remained on a solid growth path in August, accelerating to 42 percent year-on-year (YoY) growth, after jumping by 38.8 percent in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.

Education hirings offset losses in tourism for Sept as 9M figure drops by 21,394 jobs YoY

18/10/2022 - 10:19

Greece’s employment balance turned positive in September with 26,238 more hires than departures, according to data from the Labour Ministry’s Ergani information system.

Preliminary Sep budget records 37 mln primary surplus as taxes outperform by 4.9 bln

17/10/2022 - 13:21

The budget primary balance up to September 2022 came to a small surplus of 37 million euros, compared to a deficit of 5.96 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.

Import price growth accelerates to 32 pct, food imports indicate significant price rise

14/10/2022 - 12:19

Greece’s import price index grew strongly in August by 32 percent year-on-year, picking up pace from the 28.1 percent of July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.

IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027

13/10/2022 - 14:03

The International Monetary Fund has mapped out what it believes Greece’s fiscal path will look like in the Fiscal Monitor that was released as part of the meetings with the World Bank currently being held in Washington