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European Commission keeps DSA broadly same, stresses need for relief
EconomyProgrammethan was initially earmarked and all arrears will be cleared by the end of the programme. Scenario...) have improved in the near term from the previous DSA and are forecast more than halving from 16.7... by 0.25 percentage points to a 3 percent growth rate from 2023 to 2060. The primary balance is also
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New overdue taxes jump by 2.01 bln in Feb, total stock climbs to 101.12 bln
EconomyMacroeconomy. In October, the number rose substantially by more than 410,000, before again posting a negative balance in the following month. Although new tax showed an increase, the total for legacy tax arrears... of around 2.5 percent of the overdue tax balance as at the start of the year. On the other end
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Marginal increase to 20.8 pct for Feb unemployment rate
EconomyMacroeconomyyear-on-year and 8.2 pps lower than the 2014 high. Broken down by age group, the largest year-on-year... a point higher than January but improved by 3.6 percentage points since last year. Western Macedonia... database for April that were published on Wednesday showed that the job hirings balance
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Unemployment at 19.1 pct in June, under 20 pct for second month
EconomyMacroeconomythan hirings during the month, turning negative after five months of positive employment balance in the Greek job market. In the aggregate period, the employment balance showed 289,561 more hirings than departures. Ergani noted that the balance for the first seven months of the year was the highest
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Unemployment at 19 pct in July as inactive population increases
EconomyMacroeconomyon a negative balance, though slowing from July’s negative figure of 8,610. Ergani noted that the balance for the first eight months of the year, which came to 281,813 more hirings than departures... Ministry’s Ergani database for August showed that there were 7,748 more departures than hirings
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Unemployment rate edged up again in Jan, reaching 18.5 pct
EconomyMacroeconomyavailable data from the Labour Ministry’s Ergani database for February showed 27,840 more hirings than departures during the month. Ergani notes that the balance for February is the eighth positive balance..., there were 11,212 more hirings. In the aggregate period, the employment balance showed 5,507 more hirings
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Newsletter 202 -12/04/2019
10-billion-euro debt to the International Monetary Fund earlier than scheduled. Following the conclusion... distance of the lowest yields Greece has seen since it joined the euro in 2001 but is still at more than... in 2020. The current account balance is seen marginally improving this year to a deficit of 2.7 percent
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Newsletter 206 -17/05/2019
, the state budget primary balance showed a fall of 426 million euros to come to 1.17 billion euros... residences. As banks put sales rather than write-offs at the forefront of their NPL reduction... and the residual mortgage. So, properties will have to be worth less than 250,000 euros, while the housing loan
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Newsletter 279 - 05/03/2021
resignation less than 60 days after he was appointed to the post. Although the university professor.... The government insists, though, that this is not the case. Banks intensify balance-sheet clean up... with actions this week to continue strengthening their balance sheets, with the former extending its
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July travel surplus of 2.14 bln affirms comeback for tourism sector
EconomyMacroeconomyGreece’s travel balance came to a surplus of 2.14 billion euros in July, from 610.2 million a year... to Bank of Greece (BoG) data released on Tuesday. Despite the impressive annual recovery, the balance... for the month, more than tripling year-on-year, from 678 million. Travel payments rose by 103 percent
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