Macroeconomy
Budget primary surplus confirmed at 2.5 bln in H1 2016, tax revenues soar in June
Greece’s budget primary surplus was confirmed at 2.47 billion euros in the first half of 2016 from 1.88 billion a year ago, corresponding to a notable improvement of almost 31 percent, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday.
Unpopular but effective property tax returns for another year
The single property tax (ENFIA) has become one of the most contentious taxes in Greece, adding a notable burden to Greek households since its launch in 2014.
Travel receipts drop at an accelerating pace of 10.4 pct in May despite growth in arrivals
Greece's travel receipts headed south for the second straight month dropping at an accelerating pace of 10.4 percent in May from 7 percent in April, Greece (BoG) figures showed on Friday.
Disposable income drops 1.8 pct in Q1 on rise in taxes and social contributions
Greek household disposable income fell by 1.8 percent in the first quarter (Q1) of 2016 after a short-lived modest rise by 0.3 percent in Q4 2015, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Primary cash surplus more than doubles to 2.8 bln in first half of 2016
Greece’s central government primary cash surplus widened to 2.76 billion euros in the first half of 2016 from 1.3 billion a year ago, accoding to Bank of Greece (BoG) figures published on Friday.
Current account deficit widens to 412 mln in May
Greece's current account (C/A) deficit almost tripled to 411.6 million euros in May from 139.9 million last year, Bank of Greece (BoG) figures displayed on Thursday.
Parliament's budget office sees risks to economic recovery
In its latest quarterly report, the Parliamentary Budget Office (PBO) calls for swift and consistent implementation of the third bailout programme since it concludes there is no alternative route to economic growth.
Industrial turnover plunges 13.4 pct in May for fifth successive double-digit drop
Greece’s Turnover Index in Industry continued its downswing in May, diving by 13.4 percent after a downward revised 14.3 percent drop in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June
Greece’s budget primary surplus widened to 2.48 billion euros in the first half of 2016, up by 31.5 percent from the 1.88 billion recorded in the corresponding period last year, the Finance Ministry (MoF) preliminary budget execution bulletin displayed on Tuesday.
Credit standards for Greek loans stayed stable in Q2, small uptick in demand for large corporate loans
Credit standards for both corporate and household loans were kept largely stable quarter on quarter (QoQ) in the second quarter (Q2) of 2016, in line with expectations, Bank of Greece (BoG) bank lending survey (BLS) figures displayed on Tuesday.