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Travel receipts rise by 11.3 pct in April on back of higher arrivals
EconomyMacroeconomyto 367.5 euros for the four-month period up to April, representing a drop of 0.8 percent. Declining..., there was a notable drop in arrivals from three other key countries. Arrivals from the US fell... from France were up by 42.2 percent and those from Germany increased by 38.7 percent. Conversely
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Primary cash surplus falls to 276 mln surplus at end of August amid revenue decline
EconomyMacroeconomyperiod also fell by 894 million to 29.04 billion euros. There was a drop in expenditure by 897 million euros in August, picking up pace from the drop in July of 374 million euros, to stand at 3.67... expenditure went up by 527 million euros to 32.81 billion euros. Discounting arrears payments, expenditure
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingbillion euros, and valued up to 19.5 billion euros by independent sources. For the scheme... to remove up to 25 billion euros of NPLs from banks’ books would involve state guarantees being issued... make up the portfolio, with 40 percent of the properties located in Athens. Non-binding bids
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Newsletter 236 -24/01/2020
of unused surpluses from one year’s budget to the next. If approved, this could secure up to 4 billion... will leave the Council of State, Greece’s highest administrative court, to take up her new position... of 2.03 billion up to November 2019 compared to a deficit of 3.72 billion in November 2018. BoG
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Piecemeal process likely in drive for more fiscal space
EconomyProgrammeto gain greater fiscal space, a move that would allow it to live up to its promise to voters of easing... case it will free up 0.6 pct of GDP space towards tax cuts. The government plans to direct 2 billion of the 4.2 billion euros available up to 2022 in ANFA & SMP profits towards private investments
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Newsletter 253 -05/06/2020
up air travel to Greece was illustrated on Tuesday, when a dozen passengers on a flight from Doha... up and its ability to control the risk of imported infections. Out of the 2,937 confirmed cases... growth and is the sharpest QoQ contraction since Q3 2015, when there was a drop of 2 percent. Compared
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Newsletter 266 -18/09/2020
already been taken up. There are another 255 ICU beds available for the treatment of other... the 9 pct drop observed in the rest of the eurozone. In the adverse scenario, which would involve.... These fiscal dynamics will push Greek debt up above 200 pct of GDP. This will be the first time
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Newsletter 267 -02/10/2020
as not only a way to boost US-Greek relations but also to line up support in light of brewing... actions in the Eastern Mediterranean. Athens and Nicosia have taken different approaches in the lead-up... process, which it is hoped will speed up decision times. Late payments pressure Greek businesses
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Newsletter 271 -30/10/2020
, a drop of roughly 10 percent. There was also an increase in the number of persons receiving less... euros decreased by 11.3 percentage points. The biggest drop was for those earning salaries of between... deposit movements in the Greek banking system were positive by 1.16 billion euros in September, up
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Newsletter 279 - 05/03/2021
, the government is in danger of losing the political capital it had built up from the competent handling.... The government insists, though, that this is not the case. Banks intensify balance-sheet clean up... of 5.5 percent. 2 PMI dips to 49.4 points in February Cost burdens pile up Greece’s manufacturing PMI
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