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Greece braces for major inflation shock as Middle East standoff continues
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April primary surplus beats target thanks to improved taxes and contained spending
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Energy pushes import prices up by 11.4 pct YoY in Mar, highest since Dec 2022
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Car sales drop 4.6 pct YoY in Apr, up 3.3 pct in 4M
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Iran war begins to bite as costs rise and confidence falls
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Electricity supply pushes industrial production up 8.3 pct YoY in March
Budget primary surplus of 2.68 bln in first quarter, but March trims outperformance
Greece’s budget primary surplus climbed to 2.68 billion in the first quarter of 2016 from 1.73 billion last year, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday.
However, the monthly balance shows a primary deficit of 359 million from surplus of 494 million in March 2015. In the previous two months of this year, the budget execution had displayed a primary surplus of 1.19 billion in January and 1.85 billion in F...
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