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Electricity main driver for industrial production rise of 2.1% YoY in April
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CPI at 5.2% YoY in May as impact of Iran war spreads
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Despite slowdown to 5.2% YoY in Q1, property prices at all-time high
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Rising prices and energy pressures threaten to undermine 2026 outlook
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Fuels prompt sharp drop of 25.2% in April trade deficit
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Unemployment jumps to 10.6 pct in Q1 - highest in two years
March budget primary balance short of target, but taxes continue to overperform
The budget primary balance for the first three months of 2022 was confirmed at 1.65 billion euros, compared to a deficit of 13.4 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
The primary balance was below the target by 319 million euros. Expenditure, excluding interest payments and the public investment budget, came to 11.7 billion euros. Net revenues reached 11.96 billion euros, below the target by 1.35 billion euros.
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