VAT and income taxes drive revenue and budget outperformance in April
The budget primary balance in April was confirmed to be a surplus of 2.44 billion euros, compared to a deficit of 799 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Thursday.
EC reports highlight tight fiscal path and economic challenges
The European Commission published on Wednesday two key reports, one was in the context of the 2023 spring recommendations and the other was the second report of the post-enhanced surveillance period.
NBG NII jumps 73 pct in Q1 to 497 mln
National Bank of Greece (NBG) reported a profit after tax of 260 million euros in Q1 2023, compared to a profit of 360 million euros in 2022, a drop of 28 percent.
Travel surplus continues to grow in March, up 55 pct YoY in Q1
Greece’s travel balance recorded a surplus of 100.2 million euros in March, from 106.8 million euros in February, according to Bank of Greece (BoG) data released on Tuesday.
Markets buoyed by election result
After his landslide win on Sunday, Kyriakos Mitsotakis received a vote of confidence from the markets as the election outcome sets the stage for a majority government in the second elections and policy stability and continuity.
Current account deficit widens to 2.4 bln in Mar, oil deficit more than doubles
Greece’s current deficit in March widened to 2.4 billion euros, from a deficit of 1.32 billion euros in February, Bank of Greece (BoG) data showed on Monday.
Industrial turnover posts slowest growth in 2 years, up 1.5 pct in March
Greece’s industrial turnover remained in growth territory in March, slowing down considerably to 1.5 percent year-on-year (YoY), February, from 6.7 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Central debt records small rise to 401.53 bln in Q1
Greece’s central government debt recorded a rise of 1.3 billion euros to 401.53 billion euros in Q1 2023, the Finance Ministry's (MoF) debt bulletin showed on Friday.
PDMA nears completion of annual debt strategy, taking another cautious step
Greece’s debt managers have taken the next step in their borrowing strategy for this year by re-opening two bonds on Wednesday that fetched 400 million euros collectively.
Eurobank NII jumps by over 55 pct in Q1, NPE ratio at 5 pct
Eurobank posted an adjusted net profit of 255.3 million euros in Q1 2023, compared to a profit of 302.4 million euros last year.