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  1. Primary surplus 3.1 bln above target in H1 on severe underspend

    EconomyMacroeconomy

    figure for the first half outperformed target by 3.12 billion euros, mainly reflecting lower primary... percent to 22.09 billion, 3.04 billion or 12.1 percent better than target also supported by lower... billion, 1.05 billion lower than target.

    5%

  2. Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance

    EconomyMacroeconomy

    to date outperformance of primary surplus by 542 million reflects lower expenditure (by 3.11 billion), higher Public Investment Budget (PIB) balance (by 1.53 billion) and lower tax refunds (by more than... at 1.55 billion euros, 317 million below target. As a result, net revenues fell by 6 percent – lower

    5%

  3. Labour cost fall has not produced jobs, bemoans GSEE in study
    Photo by MacroPolis

    Society

    in 2014 were 13.7 percent lower compared to the last quarter of 2009, this did not lead to employment... for the under-25s, who are entitled to lower wages than their older counterparts. Purchasing power parity in Greece for those on the minimum wage was now lower than that in Spain, Malta and Slovenia and similar

    5%

  4. Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports

    EconomyMacroeconomy

    by 959 million and lower services’ surplus by 243 million. The considerable drop in the goods... is primarily due to lower net payments for purchases of ships also supported by reduced net oil..., mainly stems from higher net investment income payments coupled with lower net other primary

    5%

  5. Cash primary surplus improves by 32.4 pct to 3.07 bln on revenue boost in August

    EconomyMacroeconomy

    with the 8-month figure showing a deficit of 1.75 billion, 33 percent lower year on year. The central..., while excluding the extraordinary income sources from both periods we get a slightly lower drop... billion in the 8-month period, 201 million lower than the respective budget figure of 4.9 billion

    5%

  6. PMI rebounded in September, but survey data still point to a downturn on lack of new orders

    EconomyMacroeconomy

    reflecting sustained drop in production on lower level of new orders as well as further decrease... with lower demand. The volume of new work continued heading south for the thirteenth straight month... workforce numbers at lower levels. Although the rate of reduction in September was the lowest since June

    5%

  7. Current account balance shows a surplus for third straight month, at 2.09 bln in August

    EconomyMacroeconomy

    billion respectively. The services’ surplus dropped by 3.9 percent primarily due to lower net transport... corresponds to lower imports by 4 billion. At the same time, exports fell by 5.8 percent or 1 billion. BoG...’ surplus by 2.3 percent in the 8-month period stems from lower net transport and other services’ receipts

    5%

  8. Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target

    Economy

    on the new targets, the year to date over-performance is attributed to lower expenditure (by 2.32..., 2.64 billion lower than the revised target. On top of primary expenditure, total expenditure outperformance also reflects a sharp cut in military procurement to just 99 million, 376 million lower

    5%

  9. Greek teachers low paid, but work shorter hours in smaller classes
    Photo by srgpicker via Flickr https://flic.kr/p/3zZRnQ

    Society

    of service. Even after 15 years’ experience, a Greek lower secondary school teacher with minimum... lower secondary schools averages 694 hours per year, but ranges from 415 hours in Greece to over... countries that specify both teaching time and the amount of time that lower secondary teachers

    5%

  10. Marked rise in expenditure leads to a budget primary deficit in Nov

    Economy

    than the target. The year to date outperformance mainly stems from lower primary expenditure... billion euros, 32.3 percent lower than last year and 1.77 billion better than target. It is also... million, which is well above the target of 569 million. Thus, albeit at lower levels, the PIB

    5%