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Signs of recovery, improved tourism season visible in Sept budget data as revenues beat target by 943 mln
EconomyMacroeconomyThe budget primary balance up to September landed at a deficit of 5.96 billion euros, compared with a deficit of 7.01 billion in the same period last year, the preliminary Finance Ministry (MoF) budget execution data showed on Friday. The primary balance was above the target in the 2022-2025 Medium
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Primary cash deficit reduced to 5.72 bln in Sept as revenues climb
EconomyMacroeconomybillion euros in the first nine months of 2021, compared with a deficit of 7.01 billion in the same
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Despite sharp increase in Dec, current account deficit improves markedly in 2025 to 14.11 bln
EconomyMacroeconomyto 7.57 billion euros in December, from 7.01 billion last year. At the same time, total exports came
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Why it makes sense for ESM to swap Greece's IMF loans
Agorainto repayment is the GLF bilateral loans of the first programme, which are due to be repaid from 2020. Prepaying all, or parts, of the IMF loans with ESM financing reduces the level of market access
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Central government debt rises to 403.2 bln in Q2, cash reserves near 42 bln
EconomyMacroeconomy, of which 52.9 billion came from the Greek Loan Facility’s (GLF) bilateral loans attached to the first programme, which Greece is also prepaying ahead of time. They currently stand at roughly 32 billion
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Central government debt rises to 406.18 bln in Q4 as repos increase
EconomyMacroeconomy(GLF) bilateral loans attached to the first programme, which Greece is prepaying ahead of time
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Athens aiming to step up diplomatic contact with neighbours
PoliticsForeign Policywith which bilateral relations are strained due to unresolved diplomatic issues. Within this context.... Erdogan’s visit to Greece could be seen as the clearest sign of an effort to put bilateral... of bilateral relations, Athens is seeking to re-launch channels of communication with Ankara in order
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Eurogroup agrees on significant debt relief measures for Greece
EconomyProgrammemeans that Athens will not have to start repaying the EFSF loans it received in 2023, but 10 years later. Greece had been due to start repaying 2.3 billion euros per year from 2023 to its European
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Newsletter 167 -22/06/2018
instead. The 10-year extension of maturities also means that Athens will not have to start repaying the EFSF loans it received in 2023, but 10 years later. Greece had been due to start repaying 2.3
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European Commission's travel guidance brings some optimism for Greek tourism sector
PoliticsGreek Politics. The move allows for bilateral agreements, such as those emerging between Austria and neighbouring... states. Bilateral travel agreements are one of the main planks of Greece’s post-pandemic tourism strategy... and protective measures. While the guidance issued was non-binding, it sets the baseline for member-states
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