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Budget primary surplus of 1.73 bln outperforms target, tax revenues fall short in April
EconomyMacroeconomyThe budget primary surplus was confirmed at 1.73 billion euros for the first four months of 2017... edged down by 1.1 percent to 14.87 billion euros during the four-month period, beating the target by 534... expenditure fell by 1.2 percent to 13.04 billion in the four-month period, entailing a strong underspend
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Current account deficit eases by 410.6 mln in April
EconomyMacroeconomy. The aggregate figure for the four-month period showed that the C/A deficit was reduced by 250.6 million... bonds and T-Bills. At the same time, corresponding liabilities fell by 1.1 billion. In the four-month... corresponding liabilities grew by 1.3 billion. During the four month period, portfolio investments showed
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Travel receipts rise by 11.3 pct in April on back of higher arrivals
EconomyMacroeconomycountries remained stable at 392,054. The aggregate figures for the four-month period showed that travel... to 367.5 euros for the four-month period up to April, representing a drop of 0.8 percent. Declining arrival numbers were noted in three out of five key countries for the four-month period. Arrivals
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Greek banks complete first round of covered bond issues
EconomyBankingAlpha Bank has become the latest among Greece’s four systemic banks to carry out a successful... concluded. In early October 2017, the National Bank of Greece (NBG) became the first of Greece’s four... Bank’s latest issuance brings the total value of covered bonds issued by the four systemic banks
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Kammenos dismisses talk of coalition rift but maintains Macedonia name objections
PoliticsGreek PoliticsMinister Alexis Tsipras for a four-year term. Kammenos made the comments after chairing a meeting... the four-year term is up,” said Kammenos after speaking with his MPs, who seem to share his position.... While Kammenos insisted on Monday that he wants to see out a full four-year term with SYRIZA
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Newsletter 161 -11/05/2018
Supervision announced on Saturday the results of the 2018 stress tests for Greece’s four systemic banks... billion, stems from tax categories. The remainder is related to the four key taxes. The total number... year was the first where there was a consumer price rise after four years of deflation. The positive
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Whether an "early" or "clean" exit, it's the same old story for Greece
Agoralanguage to Tsipras almost four years later. Samaras’s “early” departure from the MoU was beset... In the roughly four years since then, very little has changed: The creditors have little faith... be highlighted, though, that just as four years ago, the opposition has contributed to the current problem
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Retail sales up by 1.2 pct in March on higher activity in dept stores, clothing
EconomyMacroeconomy(ELSTAT) on Thursday. The headline index has been growing in three out of the last four months that data... in three of the last four months. Compared to March 2017, the main rises in turnover were observed... the end of last year. Retail trade confidence dropped by four points to 6.2 following a strong rise
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General govt primary cash surplus at 2.42 bln in April, arrears fall by 66 million
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus amounted to 2.42 billion in the first four... that in the first four months of the year, revenues rose by 388 million year-on-year to 24.36 billion...-on-month falls were noted in four out of the six subcategories. The biggest fall came from SSF arrears
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New overdue taxes rise by 599 mln in April, total stock continues to grow
EconomyMacroeconomyincrease is the lowest since July 2015. The aggregate figure for the first four months of the year... to the four key taxes. The Ministry of Finance reported tax revenues of 13.09 billion euros in April, which means that for every 3.27 billion of taxes collected per month in the first four months
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