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  1. Details of 2025 budget point to complex economic challenges ahead
    Image: MacroPolis

    EconomyMacroeconomy

    economy is expected to grow by 2.2 pct this year, essentially unchanged from the 2.3 pct of last year... components indicate that the Greek government for another year comes short of what it considers as one of its... to have been overestimated. Around this time last year, investment growth in this year’s final budget

    1%

  2. Unemployment rate remains in single-digit territory for Nov, at 9.6 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Authority (ELSTAT) data showed on Friday. In November last year, the unemployment rate was 10.8 percent... percent unemployment rate in May 2008. Year-on-year, the number of employed people increased by 146,066... by 120,944 people year-on-year and stands at 3.03 million. The unemployment rate among women fell

    1%

  3. Unemployment stable at 9.4 pct in Dec, improves by 1 point in 2024
    Photo by MacroPolis

    EconomyMacroeconomy

    Authority (ELSTAT) data showed on Thursday. In December last year, the unemployment rate was 10.4... is a 7.1 percent unemployment rate in May 2008. Year-on-year, the number of employed people increased... decreased by 10,816 people year-on-year and stands at 3.05 million. The unemployment rate among women

    1%

  4. Direct taxes jump by 46 pct to help Sept. revenues beat target for third month in row

    Economy

    for the third straight month in September, with the year to date shortfall further narrowing to 710... revenues shortfall (710 million). Revenues excluding tax refunds rose 12.6 percent year on year (yoy... billion. Furthermore, the sharp drop of interest payments by 50.3 percent compared to last year

    1%

  5. October revenues reverse earlier shortfall, annual primary surplus in sight

    Economy

    for the fourth straight month. Furthermore, the year to date previous revenue shortfall, which peaked... – lower tax refunds (259 million). Revenues excluding tax refunds fell 9.1 percent year on year (yoy... payments by 50.1 percent compared to last year (mainly reflecting last year’s PSI), resulted

    1%

  6. Greek primary surplus at 400 mln to Oct but arrears keep piling up

    EconomyMacroeconomy

    with the gg cash primary surplus landing at 1.38 billion from 2.53 billion last year, the Ministry... fiscal balance for this year. Furthermore, it includes SMP and ANFA income of 2.18 billion euros... billion so far in 2013. Thus, excluding previous year’s payments as well as SMP income and adding back

    1%

  7. Tourism turnover index slows but signs remain positive
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    Authority (ELSTAT). The improvement - one again - confirms the strong tourism season in Greece this year... billion with a significant positive contribution to the current account balance evolution this year. Stronger tourism also led to lower recession this year, up to 4 percent according to latest official

    1%

  8. Greece closes 2013 with 691 mln budget primary surplus despite late investment spend

    EconomyMacroeconomy

    ) from a deficit of 3.46 billion last year, according to the preliminary data released by the Ministry... below target. Primary expenditure dropped 7.2 percent in December, leading the full year figure down... drop in interest payments by 50.6 percent compared to last year (mainly owed to last year’s PSI

    1%

  9. General gov't primary cash surplus to April at 1.69 bln

    EconomyMacroeconomy

    (Jan-Apr) from a deficit of 755 million last year, according the gg bulletin released by the Ministry of Finance (MoF). In addition, the gg cash deficit narrowed by 2.39 billion year on year (YoY), landing at 525 million in the first four months of the year from 2.91 billion last year

    1%

  10. Greek primary cash surplus widens to 3.2 bln in 7-month
    Photo by MacroPolis

    EconomyMacroeconomy

    The Greek general government (gg) primary cash surplus widened by 82.7 percent year on year (YoY) to 3.24 billion in the 7-month period of 2014 from 1.77 billion last year, according the gg bulletin... deficit narrowed by 1.97 billion YoY to 774 million in the 7-month period from 2.74 billion last year

    1%