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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomy. Budget net revenues are forecast to increase by almost 2.3 billion euros to 50.37 billion in 2017... with a net savings impact of 99.4 million involve: 1) Social security contributions and social allowances with estimated net savings of 297.4 million, largely stemming from gradual reduction in EKAS
6% -
Newsletter 100 - 16/12/2016
workers. The employment balance remained negative in November, with net departures increasing... in November. The biggest contributor to November net hirings was education, which added 7,054 jobs. In contrast, the highest net departures were recorded in accommodation (-32,150) and food services
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Current account deficit of 1.2 bln in Nov turns 11-month balance negative
EconomyMacroeconomyin the services’ surplus is mostly attributed to higher net transport and other services receipts... income balance is owed to higher general government net payments. Following the evolution of C... percent). The notable deterioration in the services’ balance mainly reflects a significant decline in net
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Job departures hit 17-year high of 29,817 in January
EconomyMacroeconomyThe employment balance stayed negative in January 2017, with net departures climbing to 29,817 from.... This year’s figure is the third successive and the highest reading for January net departures since... to January net hirings was education (+3,296) followed by repair and installation of machinery
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingby announcing that it posted net losses of 17.7 million euros in Q4 from profits of 30.6 million... losses of 3.49 billion. The bank’s Greek operations recorded net profits of 74 million in 2016, which... percent to 1.32 billion mostly reflecting lower net interest income (NII). Asset quality Non-performing
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Current account deficit eases by 410.6 mln in April
EconomyMacroeconomy. Moreover, the improvement in the primary income account surplus is attributable to higher net... transactions were recorded under direct investment. The portfolio investment showed a net decrease... a net increase in residents' external assets which largely reflects a rise in their holdings
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Current account deficit rises by 124.3 mln in May
EconomyMacroeconomyis attributable mainly to lower net interest, dividend and profit receipts. A widening by 21 million... investment. The portfolio investment reflected a net decrease in residents’ external assets... billion. During the first five months of the year, portfolio investments showed a net decrease
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Fiscal obligations set out in sMoU, discussion on speeding up tax measures due in May
EconomyProgramme. Specifically, the package contains a pension reform, to be implemented in 2019, delivering net savings... and delivering net savings of 1 percent of GDP in 2020, 2021 and 2022 The pensions and income tax reforms are accompanied by a growth-enhancing tax package matching in net terms the yield of 2 percent of GDP
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January current account deficit at 585.8 mln as goods balance worsens
EconomyMacroeconomy. This was mainly caused by lower net services and travel receipts. Travel receipts fell by 3 percent to 153.1... to an improvement in the general government component. Financial account Residents’ net external liabilities.... Portfolio investment showed a net decrease in residents’ external assets, which reflects mainly a decrease
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Credit contraction at 1.2 pct in June, balance at 178.87 bln
EconomyMacroeconomyeuro mark for the third time since January 2007. The net lending flow turned positive after two months... billion. Credit to insurance corporations showed a net monthly inflow of 123.5 million, taking... 80 billion euros for the month. Driven by the net deductions mentioned previously, the household loan
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