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  1. Budget primary surplus jumps to 1.19 bln in Jan, largely on rising PIB revenues

    EconomyMacroeconomy

    Confirming preliminary data, Greece’s budget primary surplus improved to 1.19 billion in January from 443 million last year, the Finance Ministry (MoF) final budget bulletin showed on Friday. The notable rise largely reflects a sharp increase in the Public Investment Budget (PIB) surplus to 431

    74%

  2. Budget sees Greece outdoing peers with 1.8 pct growth, 0.7 pct primary surplus in 2023
    Photo by MacroPolis

    EconomyMacroeconomy

    The Finance Ministry tabled in Parliament on Monday the final budget for 2023, which - despite... seen in the draft budget last month, and ahead of the recent forecast by the European Commission of 1... price index is seen at 5 pct, a significant revision from the 3 pct seen in the draft budget

    74%

  3. Budget continues to outperform in Nov as taxes beat target by 334 mln

    EconomyMacroeconomy

    The budget primary balance produced a surplus of 12.65 billion euros up to November, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday... and the public investment budget, came to 48.9 billion euros. Net revenues were 68.74 billion euros

    74%

  4. More than half of small businesses saw turnover dive by at least 50 pct due to capital controls
    Photo by MacroPolis

    Economy

    reported a drop in their turnover of more than 50 percent, with 32 percent indicating a decline... weighted average decrease at 48 percent. As a result, the nosedive in consumption was almost 50

    71%

  5. PMI rises to 50 points in September, signalling stabilisation
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s manufacturing PMI increased to 50 points in September from 49.4 points in August, according to the latest data from Markit. This marks the highest reading for Greece since February... index had risen above 50 for the first time since February. Job creation also remained healthy

    71%

  6. Lower spending, extra revenues result in budget execution beating targets in March

    EconomyMacroeconomy

    Greece’s budget execution showed the 3-month primary surplus rose to 1.74 billion euros, up 12.6... billion, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday... (by 1.18 billion) and higher Public Investment Budget (PIB) surplus (by 856 million) more than offsetting

    71%

  7. Draft budget sees stronger growth, fiscal targets being met
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    draft budget, which contains its fiscal estimates as well as the underlying macro assumptions. The MoF... effects into 2018. The draft budget estimates that GDP will grow by 1.8 percent, slightly improved.... Budget net revenues for 2017 have been downward adjusted to 49.8 billion, largely reflecting lower

    71%

  8. Newsletter 205 -10/05/2019

    Newsletters

    to an extra 50 million euros entering public coffers this year and 160 million in 2020. Flanked by several.... Those in the 601 to 1,000-euro bracket will be rewarded with 50 percent of their monthly pension... investment budget. Overall, gross fixed capital formation declined by 12.2 percent last year and is seen

    70%

  9. Greece to recover at least 30 of 50 bln it borrowed to bail out banks, says HFSF chief

    EconomyBanking

    Greece is likely to recover more than 30 billion euros of the 50 billion it has borrowed to rescue its banks, Hellenic Financial Stability Fund (HFSF) CEO Anastasia Sakellariou told Kathimerini newspaper in an interview published on Sunday. The HFSF’s original paid-up capital stands at 49.7 billion

    67%

  10. Almost 50 pct rise for new unpaid taxes in 2014 as overall total rises to 73.8 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    target of 50 percent.

    67%