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  1. General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend

    EconomyMacroeconomy

    to 2.53 billion euros in the 5-month period of 2016 from 463 million a year ago, the Finance Ministry... year. The absolute figures showed the primary cash surplus of the state budget reached 1.91 billion... last year was posted in social benefits by 172 million to 15.82 billion followed by a rise in interest

    1%

  2. Net job hirings hit 33,608 in June, highest since 2001

    EconomyMacroeconomy

    in June 2016, up by 25,018 compared to the corresponding period last year, the Labour Ministry’s information system (Ergani) data displayed on Friday. Moreover, this year’s figure is the highest... by far posted in education (-45,141) and are largely attributed to the end of the school year

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  3. Primary cash surplus more than doubles to 2.8 bln in first half of 2016
    Photo by MacroPolis

    EconomyMacroeconomy

    of 2016 from 1.3 billion a year ago, accoding to Bank of Greece (BoG) figures published on Friday... from last year’s surplus of 238 million. Similarly, the net balance of the central government also... half of this year from 1.85 billion in the corresponding period last year. In addition, June’s

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  4. Primary cash surplus to July falls to 2.4 bln, including arrears repayment of 1.1 bln

    EconomyMacroeconomy

    in the 7-month period of 2016 from 2.99 billion in the corresponding period last year, Bank of Greece (BoG) figures showed on Thursday. It is worth noting though that this year’s figure includes repayment... 3.49 billion, up by 502 million from last year. The reported primary balance for July displayed

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  5. Drop in arrivals and spending impinge on H1 travel receipts
    Photo by MacroPolis

    EconomyMacroeconomy

    percent compared to the surplus of 1.78 billion in the same period last year, according to data released by Bank of Greece on Monday. Travel receipts dropped year on year by 5.4 percent to 1.85 billion.... Travel payments dropped more sharply, by almost 24 percent to 132 million euros. Year to date

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  6. Unemployment rate falls to 23.1 pct in second quarter, lowest since Q2 2012
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    to the corresponding period last year, the jobless rate decreased by 1.5 percentage points (pp) from the Q1... was posted in public administration and defence, with 27,700 more people employed from last year, followed... quarters. At the same time, the number of ‘long-term’ (more than 1 year) jobless decreased

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  7. Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
    Photo by MacroPolis

    EconomyMacroeconomy

    of 2016 from 3.8 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed... billion in July and 86 million last year. In addition, the state budget deficit eased 5.8 percent... this year. Compared to the target, monthly revenues fell short by 69 million, but the August target

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  8. Credit contracts by 1.7 pct in August, loans balance at its lowest since 2007
    Photo by MacroPolis

    EconomyMacroeconomy

    . Following the worsening performance in August, the year to date deductions reached 2.51 billion in the 8-month period compared to 2.34 billion in the corresponding period last year. In specific... turned negative year to date with deductions of 424 million. Loans to sole proprietors and farmers

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  9. Primary cash surplus expands to 3.2 bln by September incorporating arrears repayment of 2 bln

    EconomyMacroeconomy

    in the 9-month period of 2016 from 2.68 billion last year, Bank of Greece (BoG) figures showed on Wednesday. It is worth pointing out that this year’s figure incorporates arrears’ repayment of 2.03 billion... at 5.25 billion almost doubled from last year. The primary cash surplus for September reached 811

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  10. Budget primary surplus to Oct confirmed at 6.5 bln, 2.9 bln above revised target
    Photo by MacroPolis

    EconomyMacroeconomy

    from 4.53 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed...) and primary expenditure by 567 and 612 million respectively. The full-year primary surplus target was revised... from 1.8 billion in last year’s budget. In addition, the MoF revised accordingly the 10-month budget

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