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  1. Greece closes 2013 with 691 mln budget primary surplus despite late investment spend

    EconomyMacroeconomy

    7.3 percent to 44.05 billion, which was 781 million better than the target. Furthermore, the marked... at 4.58 billion, which was 561 million short of target. As a result, the PIB balance, which showed a surplus until November with a material positive impact on budget balance outperformance throughout

    8%

  2. Greece records primary cash deficit in 2013

    EconomyMacroeconomy

    Greece’s 2013 central government net balance on a cash basis showed the deficit widening by 19.6.... Incorporating these adjustments, we conclude that the BoG net balance stands at about 750 million euros better than the MoF figures, with half of the difference reflecting higher cash revenues

    8%

  3. A closer look at Greece's 2013 budget primary surplus of 603 mln

    EconomyMacroeconomy

    , leading the full year figure down 6.9 percent to 44.23 billion, which was 601 million better than... in the first months of 2014. Overall, the PIB balance, which showed a surplus until November with a material positive impact on budget balance outperformance throughout the year, turned to a deficit of 2.06

    8%

  4. Narrowing of trade deficit slows in November as exports fall 22.5 pct

    EconomyMacroeconomy

    at a higher rate than imports. The low single-digit drop in November reflects imports falling by 15.3... improvement of Greece’s Current Account (C/A) balance so far in 2013. Latest BoG figures show the C..., implying a positive movement of 5.6 billion on the overall balance. The substantial improvement

    8%

  5. Central government primary cash surplus at 1.7 bln to February
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s central government net balance to February on a cash basis showed a surplus of 221 million..., the primary cash balance turned also positive posting a surplus of 1.68 billion from deficit of 188 million last year. The disclosed BoG figures stand 274 and 391 million respectively lower than

    8%

  6. EU funds and limited expenditure drive primary budget surplus to 2 bln in Feb
    Photo by MacroPolis

    Economy

    four times higher than the 487 million posted in the corresponding period last year, according to the final data released by the Ministry of Finance (MoF) on Monday. The state budget balance... remained flat month on month at circa 300 million. As a result, PIB balance to February showed a surplus

    8%

  7. A return to capital markets for Greek banks but no return to domestic lending
    Photo by Can Esenbel [www.mundanepleasures.com]

    Agora

    and Alpha Bank). If the ECB reaches other conclusions than the Bank of Greece, more fundraising efforts lie... challenge of non-performing loans (NPLs) on banks' balance sheets. Their volume as a share... Standard & Poor's identified these risk factors in Piraeus and Alpha Bank's balance sheets as significant

    8%

  8. ELSTAT sees 2013 primary deficit at 8.7 pct of GDP, 40 bln wiped out from economy since 2010

    EconomyMacroeconomy

    in 2013 in line with the latest ELSTAT release on Q4 2013 provisional GDP. This means that more than 40... support for banks, which amounted to 19.27 billion, is excluded the gg primary balance actually... points out that “the calculation of the primary balance under the Economic Adjustment Program (EAP

    8%

  9. BoG sees central gov't primary surplus to May at 1.06 bln on cash basis

    EconomyMacroeconomy

    Greece’s central government net balance to May on a cash basis showed the deficit narrowing by 74.4...). The 5-month primary cash balance exhibited a similar pattern posting a surplus of 1.06 billion in 2014 from... billion euros, 232 million higher than the BoG’s number. Interest payments on a cash basis fell 7 percent

    8%

  10. Greece sees travel receipts shoot up by 35.8 pct in April
    Photo by MacroPolis

    EconomyMacroeconomy

    . However, the 4-month figure is higher than the 3.7 percent recorded for the whole year in 2013... in the current account’s services balance remained broadly flat at 9.1 percent, primarily due to a higher rise in the transport services balance. The 4-month travel receipt growth reflects a 21.1 percent rise

    8%