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Current account deficit more than halves to 708 mln in March
EconomyMacroeconomy, while the improvement in the secondary income account results from higher general government balance... offset a drop in the services surplus by 124 million. The breakdown showed the decline in the goods... slightly improved. Meanwhile, the drop in the services’ surplus is mostly attributed to a sharp decline
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Greece is least socially just country in EU, report indicates
Societyto balance the adverse effects of the crisis. Relevant policies failed to prevent social exclusion... by the crisis are not being administered in a balanced way throughout the population.” The report.... The country ranks 25th in terms of the accessibility and range of health services. The report outlines some
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Primary surplus inches up to 2.9 pct in Greece's 2015 draft budget
Economyprimary expenditure is seen lower by 600 million YoY. The general government budget balance is seen marginally negative at -0.2 percent of GDP, implying an almost balanced budget for the first time... with the applied rates reduced by 30 percent b) Maintaining VAT on food services and accommodation at the lower
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European Commission review of Greek programme: The key points
EconomyProgrammeand 3 pp in 2015-16. After a material improvement in 2013, the Current Account (C/A) balance... services to the export growth is forecasted to fade out as the slump in international shipping bottoms... The risks to the 2014 fiscal outlook are broadly balanced and take into account a positive carry over
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Athens gears up for deal with lenders, pending news from IMF
PoliticsGreek Politicsto make. Athens will look for incentives to counter-balance the effect of a compromise that until... in Parliament. Given that things are finely balanced and the details of any final compromise package... that the Bundestag’s legal services denied that the IMF’s withdrawal would require the existing
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About to soar? Greece's economy still needs to be handled with care
Agorain activity is reflected on the hiring balance recorded in the Labour Ministry's Ergani database. A hiring... percent in the first six months. Exports of goods rose by 8.8 percent quarter-on-quarter while services...-over effect on this year’s GDP. With the economy and the budget so finely balanced and the fiscal
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Mitsotakis pledges tax cuts and reforms, hopes for lower fiscal targets
PoliticsGreek Politicsto follow in terms of how to balance Greece’s fiscal adjustment, arguing that the current... to 10,000 euros. He said that these tax adjustments have been carefully calculated and would be balanced out... to take over some services in order to reduce costs. However, he repeated his pledge that he would
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Newsletter 396 - 06/10/2023
this amount aside towards the primary balance. The determination to meet agreed goals is also reflected... balanced in the lists for councillors at the municipal and regional levels, where the ratio is 59/41..., investments growth is seen strong in 2024 at 21.1 pct, while exports of goods and services will also
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How many NPLs in the Greek banking sector are also non-recoverable loans ?
Agoraof their balance sheets, the four banks reported increasing interest income, improved cost-cutting... unwelcome leadership position in this balance sheet category, with NPLs reaching a staggering 38.8 percent during the first six months of 2014. The NPL challenge on Greek banks’ balance sheets requires
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Credit contraction slows again in Nov, falling to 1.3 pct on additions of 62 mln
EconomyMacroeconomyadditions in November, the total outstanding loan balance edged up to 198.5 billion from 198.17... that the corporate loan balance increased to almost 94 billion, while the sector recorded a marginal... loan balance stood at 13.19 billion in November. Loans to individuals and private non-profit
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