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Slight rise in deposits for March but outflows at 2.2 bln for 2014
EconomyMacroeconomyGreek private sector deposits rose 0.3 percent month on month (MoM) in March, with balances reaching 161.05 billion euros, according to the Bank of Greece (BoG). Net flow turned positive for the first time since December with inflows amounting to 501 mi...
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Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln
EconomyMacroeconomyThe Greek general government (gg) primary cash balance showed a surplus of 2.18 billion euros in 2014 from deficit of 884 million in 2013, according to the gg bulletin published by the Ministry of Finance (MoF) on Friday. However, the end-year figure of...
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Primary cash surplus to Oct at 4 bln, including arrears repayment of 2.2 bln
EconomyMacroeconomyGreece’s central government primary cash surplus fell by 875 million eurso to 3.97 billion in the 10-month period of 2016 from 4.84 billion a year ago, Bank of Greece (BoG) figures displayed on Thursday. This year’s figure, though, incorporates arrears’...
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the 23rd successive month in May, when it dropped by another 2.22 billion euros, the Bank of Greece's (BoG) monthly financial statement revealed on Thursday. In the previous month, it dropped at a slower pace of ...
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Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
EconomyMacroeconomyThe budget primary balance came to a surplus of 2.12 billion euros in June, compared to a deficit of 3.43 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday. In the firs...
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Newsletter 37 - 31/07/2015
difficulties in the handling and shipping of raw materials have resulted in a further deceleration...), around 80 percent of the required raw materials and intermediate products for domestic production are imported. This means that most export companies buy raw materials from importers of those products
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Greek business feeling the pinch from capital controls
Economyinternational presence. At the same time, the continuing difficulties in the handling and shipping of raw... to the Greek International Business Association (SEVE), around 80 percent of the required raw... companies buy raw materials from importers of those products. Under current circumstances, importers
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PMI rises to 54.7 in March as first quarter comes to strong end
EconomyMacroeconomymonths, stemming from higher raw material costs and a poor harvest. However, firms sought to remain... prices. Input buying also picked up pace as firms replaced depleted raw material stocks. Overall... their output charges for the second month running following a sharp increase in raw material prices, despite
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PMI falls to 46.9 pts in June in ten straight months of contraction
EconomyMacroeconomy. A marked decline, the highest over the past two years, was also recorded in the quantity of raw... displayed an increase on the average purchase prices mostly reflecting higher raw material prices
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PMI slips to contraction territory in September on lower production and new orders
EconomyMacroeconomyin August largely attributed to fewer available raw materials coupled with lack of liquidity... costs rose for the sixth consecutive month mainly attributed to raw material shortages. As a result
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