Macroeconomy
Final budget data for Oct verifies solid tax revenues on back of indirect and income tax haul
The budget primary balance in October was confirmed at a surplus of over 6 billion euros, compared to a deficit of 350 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Despite slowdown, property prices jump by 11.9 pct YoY in Q3
The growth in the nominal value of apartments in Greece stayed strong in Q3 2023, increasing by 11.9 percent year-on-year (YoY) from an upwards revised 14.5 percent in Q2 2023, Bank of Greece (BoG) data released on Thursday showed.
Rise of 17.3 pct in arrivals by Sept means receipts already exceed 2019 record
Greece’s travel balance recorded a surplus of 3.03 billion euros in September, from 4.11 billion euros in August, according to Bank of Greece (BoG) data released on Tuesday.
Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
The Finance Ministry submitted to Parliament the final budget for 2024, which sees growth picking up next year and a sizable primary surplus in line with the country’s fiscal commitments that support debt sustainability.
Industrial turnover contracts for six months on bounce in Sep with 5.1 pct drop
Greece’s industrial turnover remained in contraction in September, dropping by 5.1 percent year-on-year (YoY), from a 6.4 percent decrease in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
Significant improvement in oil balance reduces 9M current account deficit to 7.25 bln
Greece’s current account recorded a deficit of 404.3 million euros in September, from a surplus of 497.7 million euros in August, Bank of Greece (BoG) data showed on Monday.
Lower repos push debt down to 402.88 bln in Q3, bonds rise by 2.5 bln
Greece’s central government debt recorded a drop of almost 2 billion euros to 402.88 billion euros in Q3 2023, the Finance Ministry's (MoF) debt bulletin showed on Friday.
EC's autumn forecasts see stable growth, with RRF playing pivotal role
The European Commission published on Wednesday the latest forecasts for autumn, which are unchanged for this year and improved for next year, compared to the previous estimates in spring.
Budget continues to outperform in Oct, paving way for 350 mln Christmas handout
The budget primary balance came to a surplus of 6.08 billion euros in October, compared to a deficit of 350 million euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday.
IMF sees short-term progress and persistent long-term challenges
The IMF published on Tuesday the concluding staff statement of the mission in the context of the Article IV consultations which took place recently.