Economy
Final budget data for 2021 affirms revenue overperformance, primary balance below 6 pct of GDP
The budget primary balance for the full year landed at a deficit of 10.33 billion euros in 2021, compared to a deficit of 18.2 billion in 2020, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
Strong surplus in Nov as travel balance nears year-end with 58.6 pct of 2019 intakes, 46.7 pct of arrivals
Greece’s travel balance recorded a surplus of 173.8 million euros in November, from 1.27 billion euros in October, according to Bank of Greece (BoG) data released on Friday.
Industrial turnover soars by 39.4 pct in Nov, index up by more than 42 pct since Feb 2021
Greece’s industrial turnover remains on a solid recovery path, jumping by 39.4 percent year-on-year (YoY) in November, from 40.6 percent in October, according to data from the Hellenic Statistical Authority (ELSTAT) released on Thursday.
Worsening goods balance pushes current account deficit to 2.52 bln in Nov, highest since 2011
Greece posted a current account (C/A) deficit of 2.52 billion euros in November, from 780.8 million euros in October, Bank of Greece (BoG) data showed on Thursday.
First bond of 2022 attracts fewer offers, more than double last year's yield at 1.83 pct
Greece stepped into the international markets on Wednesday with an inaugural 10-year benchmark, rolling out its 12-billion-euro debt strategy of 2022.
Central gov primary cash deficit plummets to 9.86 bln in 2021
Greece’s central government recorded a primary cash deficit of 9.86 billion euros at the end of 2021, from a deficit of 17.82 billion euros last year, according to figures released by the Bank of Greece on Wednesday.
Unemployment rate eases to 13.3 pct in Nov as number of employed rises sharply
Greece’s seasonally adjusted (SA) unemployment rate stayed broadly stable in November at 13.3 percent, from a slightly upwards revised 13.4 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Despite job losses in Q4 2021, year closes with positive hirings balance
Greece’s employment balance remained negative in December as departures outpaced hires by 2,598, according to data from the Labour Ministry’s Ergani information system.
Budget primary deficit improves by 7.2 bln YoY in 2021, beats target by nearly 2 bln
The budget primary balance for the full year landed at a deficit of 10.99 billion euros in 2021, compared to a deficit of 18.2 billion in 2020, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
Fitch improves outlook to positive, sees investment grade hinging on fiscal performance and banks
Fitch got the schedule of rating reviews in the new year underway with an upgrade of Greece’s outlook to positive from stable, while it reaffirmed the rating at ‘BB’.