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General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
EconomyMacroeconomythe biggest decline (-26 million) followed by tax refunds (-26 million) and state budget (-3 million.../ESM/IMF loans edged up very slightly by around 3 million euros, and represented around 70.5 percent of the total debt. In the other underlying subcategories, T-Bills edged down by 3 million to 15.28
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Mitsotakis pleads for strong mandate as polls suggest ND heading for landslide win
PoliticsGreek Politicsis also targeting Greek Solution because if the fledgling party fails to pass the 3 percent... finance minister Yannis Varoufakis, are right on the 3 percent threshold for gaining seats in the next... on 3.5 and Greek Solution and MeRA25 both on 3 percent again. Public Issue sees 40 percent
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Newsletter 220 -20/09/2019
almost 3 billion euros to the International Monetary Fund, a move the government hopes will leave... activity this week centred around plans to pre-pay almost 3 billion euros to the IMF ahead of schedule...’ approval put the process on hold. Greece’s quota with the Fund is just above 3 billion euros
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeatureswere 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower.... Specifically, the amount of turnover generated via Thomas Cook for 1, 2 and 3 star hotels came..., while those with 2 stars faced a loss of 58 percent. Hotels with 3, 4 and 5 stars faced losses of 39
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Newsletter 245 -27/03/2020
Staikouras, admitted that Greece is on course for an economic contraction of 1 to 3 pct this year due... problems and only 3 percent expected the epidemic to have no lasting impact on their business... outflows of 349 million euros in January. Loans to sole proprietors edged down by 3 million euros while
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Greece braces for recession, hopes to bounce back from summer onwards
Economyadmitted that Greece is on course for an economic contraction of 1 to 3 pct this year due to the virus... losses to exceed 3 billion euros. With city hotels already shut, resorts will soon face the challenge... primary surplus, of close to 3 pct of GDP, in the coming years to bring down its debt following
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EU's temporary framework for state aid in response to Covid-19 outbreak
Legal(the “Temporary Framework”). The Framework is based on Article 107(3)(b) of the Treaty... justification and provided that proportionality of the aid remains assured. 3. Loans at Preferential... not receive unemployment benefit. 3. Measures concerning freelancers, self-employed and sole
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General govt primary cash deficit at 5.48 bln in June as tax revenues fall
EconomyMacroeconomyof 71 million euros. Expenditure rose by 1.11 billion euros (+3 percent YoY) to stand at 38.09... and services (-201million), subsidies (-194 million)and interest paid (-3 million). Arrears Arrears...) and state budget (-3 million). At 31.2 percent of the total, hospital arrears make up the majority
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Newsletter 261 -07/08/2020
. Expenditure rose by 1.11 billion euros (+3 percent YoY) to stand at 38.09 billion euros. The main driver...), subsidies (-194 million)and interest paid (-3 million). Arrears to the private sector (including tax refund...) and SSFs (+1 million). Drops were seen in tax refunds (-91 million) and state budget (-3 million
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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomyto September this year, it would shave off 3 percentage points of the growth to 4.5 pct, with a fiscal impact of 2 percentage points, leading to a primary deficit of 3 pct of GDP. Fiscal On the fiscal... insurance contributions by 3 percentage points will have a fiscal impact of 816 million. Abolishing
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