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  1. General govt primary cash surplus at 7.15 bln in Nov, arrears reduced further
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    11 months of 2017, up by 701 million compared to the same time last year according to the Finance... ​period last year. Local government recorded a surplus of 417 million euros, rising against the figure for last month (314 million). However, the figure for the same ​period last year was notably higher

    1%

  2. Business balance positive in 2017, small companies continue to dominate
    Photo by Pavlos Svoronos/Fosphotos

    EconomyFeatures

    during the same period. Excluding 2017, year-on-year company registrations have been in negative territory every year since records are available except for 2012 when they rose by 16.4 percent. Company delistings were also negative for each year except for 2016, when a 26.4 percent increase was noted

    1%

  3. Primary cash surplus at 6.34 bln in Feb as expenditure, interest payments fall
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    a surplus of 843 million, down by 749 million compared to the figure from a year ago of 1.59... of the year showed that revenues rose by 653 million euros to 8.22 billion euros against last year’s total of 7.56 billion. Compared to the same time last year, expenditure for the month fell by 288

    1%

  4. Travel balance rises by 3.4 pct in Jan as expenditure out of sync with arrivals growth
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s travel receipts rose by 3.4 percent year-on-year in January, reversing a fall of 76.3.... This brought the travel surplus to 13.8 million compared to 13.4 million for the same period last year... by 16.3 percent year-on-year to 252 euros. Travel receipts from the 28 European Union (EU 28) countries

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  5. NBG reports net loss of 163 mln in 2017, bad loans continue to fall
    Image via www.nbg.gr

    EconomyBanking

    -year bottom-line results coming to a net loss of 163 million euros for 2017 compared to a loss... a loss of 81 million in Q3. For the year, fee income rose by 36 percent to 240 million, largely driven... related fees. As mentioned, operating expenses rose by 5 percent QoQ in Q4. For the year, the figure

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  6. General govt primary cash surplus at 3.26 in Feb, arrears up by 237 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    months of 2018, up by 809 million compared to the same time last year according to the Finance... government surplus, which improved by 113 million euros to 378 million versus 265 million last year... million. The figure for the same ​period last year stood at 159 million. Overall, the state budget

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  7. IMF revises growth forecasts downwards, emphasising gap with other lenders
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    slightly to 1.8 percent next year. The estimate for this year is a substantial revision from... forecast for unemployment, which it sees at 19.8 percent this year, from 20.7 percent previously... significantly to 0.7 percent this year from 1.1 in 2017, reaching the same figure again in 2019. The current

    1%

  8. Primary cash surplus at 7.45 bln in April on revenue growth, lower expenditure
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in the first four months of the year, Bank of Greece (BoG) figures showed on Thursday. The headline figure... on the figure from last year, which stood at a deficit of 188 million. The breakdown of the figures..., an improvement of 16.3 percent. The aggregate figure for the first four months of the year showed

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  9. March current account deficit at 955.8 mln on improvement in goods balance
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in this year has improved by 456.6 million euros. The main driver behind the reduction of the deficit... year-on-year. According to the BoG, the improvement in the balance of goods stems mainly from... time last year. On an aggregate basis, the C/A deficit worsened by 52.7 million euros to stand

    1%

  10. Travel balance down by 29 pct in April as receipts slump
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s travel balance fell by 29 percent year-on-year (YoY) in April, dropping into negative... of 190 million euros, compared to a surplus of 267.4 million for the same period last year. Receipts did... by 3.2 percent to 13,900. In total, arrivals from the EU 28 countries rose by 17.9 percent year

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