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Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern
EconomyProgrammeof releasing central bank profits from the SMP and ANFA holdings twice a year. The end of year goals... percent this year. The outlook remains broadly positive, with strong signals from business... fragility. Last year was solid fiscally with the primary surplus marking 4 pct of GDP, well above
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Newsletter 244 -20/03/2020
admitted that the Greek economy might not grow at all this year, announced on Wednesday what... percent of GDP primary surplus for this year, and the European Central Bank announcing... the fact that Greece’s economy will take a huge hit this year as a result of the coronavirus. Finance
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Tourism industry braces for outcome of gloomy Covid-19 scenarios
EconomyFeaturesannual report, the Bank of Greece (BoG) noted that 2020 would be a particularly challenging year... noted. The Tourism Ministry currently has two scenarios for the fate of the industry this year... the busiest season for the Greek tourism and generates the highest tourism revenues out of the year
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General govt primary cash surplus at 1.44 bln in February, arrears up by 133 mln
EconomyMacroeconomymonths of the year, down by 1.49 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year-on-year (YoY) decline was noted in extrabudgetary funds with an annual fall of 1.15 billion euros
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Budget primary surplus at 595 mln in March
EconomyMacroeconomymonth last year, the primary surplus stood at 621 million euros. The budget balance in the first three months of the year recorded a deficit of 1.72 billion euros compared to a deficit of 768 million euros seen in the aggregate period last year. For the current aggregate period, the budget balance
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Primary cash balance deficit at 326 mln in March
EconomyMacroeconomyin the first three months of the year according to figures released by the Bank of Greece (BoG). The cash balance for the same time last year, excluding the financing of the cash buffer, showed a surplus of 840.... The aggregate figure for the first three months of the year showed that revenues rose by 108 million
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Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact
Economy’ that it had granted in the end of January this year, two notches away from investment grade. Fitch... Fitch sees contracting by 8.1 pct this year, due to the restrictive measures to contain... of the year and into 2021, which will see the economy growing by 5.1 pct in 2021. The agency notes
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Budget primary surplus at 494 mln in Mar amid first signs of Covid-19 impact on revenues
EconomyMacroeconomyin February. For the same month last year, the primary surplus stood at 621 million euros. The budget balance in the first three months of the year recorded a deficit of 1.82 billion euros compared to a deficit of 768 million euros seen in the aggregate period last year. For the current aggregate
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Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
Economythe government expects to see from Covid 19 this year, as well as the notable recovery expected next year. Under normal circumstances, the plan would cover the 2020-2023 period, but this year due... pct this year, under the assumptions that the health side of the crisis will fade away in the second
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General govt primary cash surplus down to 774 mln in March, arrears up by 195 mln
EconomyMacroeconomymonths of the year, down by 1.20 billion euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year-on-year (YoY) decline was noted in social security funds (SSFs) with an annual fall of 468 million
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