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BoG sees central gov't primary surplus to May at 1.06 bln on cash basis
EconomyMacroeconomybasis, while the Ministry of Finance (MoF) respective items included in the budget execution bulletin
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Greek primary budget surplus at 707 mln as revenues beat target in May
EconomyGreece’s budget execution showed a primary surplus of 707 million euros in the 5-month period from a primary deficit of 970 million in the corresponding period last year, according to the final data released by the Ministry of Finance (MoF) on Tuesday. The state budget deficit to May narrowed
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General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
EconomyMacroeconomyThe Greek general government (gg) primary cash surplus amounted to 1.22 billion euros in the 5-month period from a deficit of 1.62 billion in the corresponding period last year, according to the gg bulletin released by the Ministry of Finance (MoF). Excluding payments of previous years’ arrears
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Greece prepares for a 3-year benchmark bond issue
EconomyThe Greek Finance Ministry confirmed on Wednesday that it has mandated international banks for a forthcoming 3-year benchmark bond issue under English law. According to the announcement, the transaction is expected to be launched and priced in the near future subject to market conditions. Press
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Greece raised lower than expected amount from 3-year bond issue, yield at the high end
EconomyFollowing Wednesday’s press release revealing that Greece has mandated international banks for a benchmark bond issue, the Finance Ministry (MoF) announced on Thursday that Greece sold a 3-year bond in a principal amount of 1.5 billion euros at a yield of 3.5 percent. The amount of the syndicated
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Greek primary budget surplus reaches 712 mln in first half of 2014
EconomyGreece’s budget execution showed a primary surplus of 712 million euros in the first half of the year from a primary deficit of 1.51 billion euros in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF). The 6-month state budget deficit
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Central gov't primary cash surplus reaches 1.37 billion in first half of year
EconomyMacroeconomygovernment figures on a cash basis, while the respective items included in the Ministry of Finance’s
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Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010
EconomyMacroeconomysupport program since late 2008. The latest figures provided by the Finance Ministry for May show
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Greece sizes up task of restructuring corporate debt
EconomyThe Bank of Greece (BoG) released on Friday the findings of a recent workshop in which representatives from the Finance Ministry, the EU, banks, corporates, international experts and consulting firms participated, generating a clear idea of what kind of debt restructuring would be needed for Greek
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Lower expenditure helps Greece post 707 mln primary budget surplus in first half of 2014
EconomyGreece’s budget execution showed a primary surplus of 707 million euros in the first half of the year from a primary deficit of 1.51 billion in the corresponding period last year, according to the final data released by the Ministry of Finance (MoF). The 6-month state budget deficit narrowed
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