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  1. Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
    Photo by Panyiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to 584 million from less than 300 million in each of the previous eleven months, while the full year... than target. In a separate table, MoF revealed that the settlement of general government arrears via... balance recorded a huge deficit of 1.93 billion in December, higher than that of 1.78 billion posted

    2%

  2. IMF examines where programme went wrong, what lessons were learnt
    Photo by Panayotis Tzmaros/Fosphotos

    EconomyProgramme

    projections, largely due to lower growth and deflators, while unemployment was much higher than originally... the sustainability assessment around the gross financing needs (GFN) metric rather than a specific debt... per review in Greece was much higher than in other comparable countries. According to the report

    2%

  3. Newsletter 107 - 17/02/2017

    Newsletters

    of measures substantially lower than 3.6 billion euros. Following this, Athens also wants the creditors... the target by 342 million, a performance largely attributed to higher than expected revenues (by 340... million lower than target, respectively. Specifically, revenues (before tax refunds) rebounded

    2%

  4. Greek households spend greatest share of income on accommodation in EU
    Photo by Harry van Versendaal

    Society

    in the country spending a greater share of their income on accommodation than in any other member... than 40 percent of their income on housing (known as housing cost overburden), compared to an EU... in property arrears and they are about four times more exposed than non-poor households. Greece

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  5. Report reveals just 0.4 pct of taxpayers owe 85 pct of total tax debt
    By Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of taxpayers (3.61 million). Those taxpayers owe less than 3,000 euros each. It is also worth noting that 2.39 million taxpayers (55.4 percent of total) owe less than 500 euros each. In contrast, just 16,290 taxpayers (0.4 percent of total) owe more than 300,000 euros each for a total amount of 78.79 billion

    2%

  6. Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    percent, lower than the recent IMF and European Commission (EC) forecasts of 2.2 and 2.1 percent... percent) higher than that for imports (+2.8 percent). For 2018, the MTFS assumes a faster GDP rebound of 2.4 percent, which is lower than the IMF and EC estimates of 2.7 and 2.5 percent respectively

    2%

  7. Five-month budget primary surplus confirmed at 1.84 bln, beats target by 790 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    underspend, with primary expenditure coming in 791 million lower than target. The monthly primary... outperformance of 386 million. The latter resulted mainly on the back of higher than expected indirect... period to 3.06 billion, 36 million higher than target. At the same time, privatisation proceeds stood

    2%

  8. China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    modernization. These projects form part of regional, rather than country-specific initiatives that Chinese... railway initiative. For both cities, such a project has been on the agenda for more than a decade... rhetoric than substance. China is only at the beginning of a much larger engagement in the region

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  9. Survey reveals working lives, job-finding trends of young Greeks
    Photo by Natasha Pantazopoulou/Fosphotos

    Society

    of men working while studying was higher than that for women, and Greek citizens were notably more likely to work during their studies than non-Greeks. Age was also a factor: 29.1 percent of those... percent said that they wanted to work rather than study, 13.2 percent were put off by the difficulty

    2%

  10. Newsletter 145

    Newsletters

    to confirm the completion of the review. In the meantime, more than 30 amendments were tagged onto two... dividend, which resulted in 1.3 million applicants receiving more than 700 million euros, the coalition... to total no more than 20 million euros), reports suggested that the lenders are annoyed due to a lack

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