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Newsletter 326 - 28/01/2022
, exceeding the 30 pct total New Democracy had promised before coming to power. He said that the latest cut means that eight in 10 owners will pay less ENFIA. However, 6 pct will pay more. The total amount saved would reach 350 million this year, said the PM. The total reduction to ENFIA since ND
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Company revenues rise by 35.5 pct in 2022 on back of inflation and card transactions
EconomyMacroeconomyThe total turnover of enterprises in the Greek economy for 2022 jumped by 35.5 percent year-on-year (YoY), from 19.7 percent in 2021, based on data released by ELSTAT on Tuesday. Total turnover... of the pre-pandemic year 2019. The biggest total revenue in 2022 was in the wholesale and retail trade
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Coalition in a bind as debt relief slips away and more austerity looms
PoliticsGreek PoliticsThe possibility of having to implement around 2 billion euros in new austerity measures next year and not discovering what form further debt relief might take until the middle of 2014 has suddenly... the government can find all of the extra 2 billion euros, or more than 1 percent of GDP, it will need
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October C/A deficit drops to 351 mln, down 39.1 pct over year
EconomyMacroeconomy, the Ministry of Finance and the troika were calling for a C/A deficit of between 1 and 2 percent of GDP... 2 percent in 2014. The key risk to BoG short-term projections lies with the funding ability
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C/A balance positive by 1.4 bln to Nov, 2013 surplus in sight
EconomyMacroeconomyby the BoG, the Ministry of Finance and the troika were calling for a C/A deficit of between 1 and 2... history and rising to about 2 percent in 2014. The key risk to the BoG’s short-term projections
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Sales season pushes November retail volume to growth for the first time since March 2010
Economy, which posted a higher drop of 2.9 percent compared to October (-2 percent) and December (-1.7 percent... in the 9-month period. Furthermore, increased tax obligations led to deposit outflows of 2 billion
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Electricity drives rare rise in Greek industrial production index
EconomyMacroeconomysingle-digit figure, 2 and 2.8 percent respectively in 2013. Among the various business sectors... and equipment exhibited a modest rise (2 – 2.5 percent).
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C/A surplus of 0.7 pct of GDP in 2013 is Greece's first for decades
EconomyMacroeconomyof between 1 and 2 percent of GDP in 2013. The BoG’ estimates included in its interim report... 2 percent in 2014. The key risk to the BoG’s short-term projections lies with the funding ability
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Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept
EconomyMacroeconomyshowing positive growth (0.9 percent) with marginal deductions of just 2 million in January. The BoG... percentage points in the second quarter. All loan segments showed an increase of 1.8 to 2 percentage
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Better income account helps squeeze Greek C/A deficit in January
EconomyMacroeconomyforecasts calling for a C/A deficit of between 1 and 2 percent of GDP. The 5.9-billion-euro improvement... to a surplus of about 2 percent in 2014. The key risk to the BoG’s short-term projections lies
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