Macroeconomy
Budget primary surplus at 5.33 bln in October, beating target on revised budget figures
The budget primary balance was confirmed at a surplus of 5.33 billion euros in the first 10 months of 2017, up by 9.7 percent against last year’s figure of 4.86 billion euros, the Finance Ministry’s final budget execution bulletin showed on Friday.
OECD report shows Greece had highest tax ratio rise in 2016
The OECD published yesterday its regular revenue statistics for 2017. The publication has comparable tax revenue data with the latest edition, providing final data up to 2015 as well as provisional estimates for 2016.
Final budget sees strong growth, fiscal overperformance in 2018
The Finance Ministry tabled in Parliament on Tuesday evening the final version of the 2018 budget, which the government hopes will be the last budget of the memorandum era as the current European Stability Mechanism programme is set to be completed in August next year.
Travel balance up by 17.2 pct in September on higher receipts, lower payments
Greece’s travel receipts increased by 15.5 percent in September compared to the 16.4 percent increase noted in August, Bank of Greece (BoG) data revealed on Tuesday.
Industrial turnover falls by 0.8 pct in Sept, down for first time since Oct 2016
Greece’s industrial turnover fell by 0.8 percent in September after upwardly revised growth of 6.3 percent in August, according to Hellenic Statistical Authority (ELSTAT) data published on Monday.
Current account surplus at 1.21 bln in September on services balance growth
Greece’s current account (C/A) balance recorded a surplus of 1.21 billion euros in September from 864.8 million a year ago, Bank of Greece (BoG) figures showed on Monday.
Grivalia Properties net profits rise by 87 percent in nine-month results
Grivalia Properties’ results for the nine-month period ending in September 2017 showed that revenues increased by 5.4 percent.
Primary cash surplus at 2.88 bln in Oct on higher expenditure, arrears payments
Greece’s central government primary cash balance came to a surplus of 2.88 billion euros in the first ten months of 2017, compared to a surplus of 3.97 billion euros for the same time last year, Bank of Greece (BoG) data revealed on Friday.
Fall in apartment prices continues with slower decline of 0.6 pct in Q3
The drop in the nominal value of apartments in Greece eased to 0.6 percent year-on-year (YoY) in the third quarter (Q3) of 2017, following a drop of 1.2 percent in Q2 2017, Bank of Greece (BoG) data showed on Thursday.
Capital controls to be loosened further, restrictions on foreign cash removed
Additional measures to ease the capital controls in place in Greece since 2015 were announced by the Ministry of Finance (MoF) on Tuesday.