Macroeconomy
VAT and income tax boost revenues, budget underspend at 4.25 bln in Sep
The budget primary balance was confirmed at a surplus of 8.74 billion euros in September, compared to a surplus of 5.3 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday.
Building activity returns to growth with 15.2 pct YoY rise in Jul
Building activity returned to growth in July, with a rise of 15.2 percent year-on-year (YoY), after a sharp drop of 1.7 percent in June, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday.
Latest IMF forecasts see solid fiscal performance, poor growth beyond RRF
During the annual IMF and World Bank meetings in Washington, the Fund published its latest economic and fiscal estimates in the World Economic Outlook (WEO) and Fiscal Monitor (FM) publications.
Despite rising arrivals, reduced spending per trip leads to 1.7 pct drop in Aug travel receipts
Greece's travel balance recorded a surplus of 4.02 billion euros in August, compared to 3.76 billion euros in July, according to data released by the Bank of Greece (BoG) on Tuesday.
Current account surplus at 651.3 mln in Aug, travel receipts drop again YoY
Greece’s current account was in a 651.3-million-euro surplus in August, from 246.2 million euros in July, Bank of Greece (BoG) data showed on Monday.
Revision of GDP to have varied knock-on effect
The Hellenic Statistical Authority (ELSTAT) released this week the second estimate for 2023 GDP, along with some benchmark revisions of the base year to 2020 and the years prior, starting at 1995.
Industrial turnover contracts in Aug, falls sharply by 23.6 pct MoM
Greece’s industrial turnover fell sharply in August, dropping by 4.1 percent year-on-year (YoY) from an 11.4 percent increase in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Strong taxes and significant underspend push 9M primary balance 3.45 bln above target
The budget primary balance recorded a surplus of 8.74 billion euros up to September, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday.
Drop in energy pushes import prices down by 4.3 pct YoY in Aug
Greece’s import price index remained in contraction in August, accelerating to 4.3 percent year-on-year (YoY), after a 1.6 percent drop in July, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Draft budget maps out narrow fiscal path for coming years
The new fiscal reality that the Greek government will have to deal with was set out in black and white in the draft budget for 2025, which was tabled to Parliament on Monday in the wake of the medium-term fiscal-structural plan (MTP) being presented by the Finance Ministry last week.