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Primary cash deficit reduced to 5.72 bln in Sept as revenues climb
EconomyMacroeconomy, from a deficit of 7.12 billion euros last year, according to figures released by the Bank of Greece... euros in September compared with a year earlier and came to 4.83 billion euros. The aggregate figure for the first nine months of the year showed that revenue increased by circa 2.7 billion euros from
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Newsletter 314 - 29/10/2021
to 4.68 under Venizelos in January of the same year. In the summer of 2019, KINAL increased its share..., including student parties marking the start of the academic year and crowds gathering to celebrate..., and waiting lists are reported for Covid ICUs. While the government insists that this year
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Newsletter 316 - 12/11/2021
Minister Christos Staikouras was due to table in Parliament on Friday the final budget for next year, which was set to include a revised growth estimate for this year expected to be in the region of 7 pct... of this year, the turnover of the total enterprises in the economy reached 91.46 billion euros, compared
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Travel surplus of 1.27 bln in Oct as receipts reach 58 pct of 2019 levels in 10 months
EconomyMacroeconomyis encouraging because aside from more than doubling from the roughly 490 million euros figure last year... euros for the month, nearly tripling year-on-year, from 553.6 million euros. Travel payments rose... in October. Receipts in October last year had dropped by 47.2 percent annually. For euro-denominated
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Newsletter 326 - 28/01/2022
property tax from this year. Having already reduced the levy since coming to power, Mitsotakis said... saved would reach 350 million this year, said the PM. The total reduction to ENFIA since ND... last year. It should be noted that this year’s budget projects revenues being 70 million euros lower
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBanking-tax result was 665 million euros in 2021, from 312 million euros in 2020. Year-on-year, the net loss... than 10 pct by mid-2022 and roughly 8 pct by the end of the year. P&L Pre-provision income (PPI... items PPI was 1.05 billion euros, up by 10 pct year-on-year. Net interest income (NII) came to 1.41
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S&P moves Greece closer to investment grade, puts focus on budget and growth
Economynotch in April last year, in a rather unexpected move. But it held off when an upgrade was anticipated by the Greek authorities in October last year due to uncertainty around the ECB’s decisions related... is expected this year, from the total of roughly 18 billion euros in grants and 13 billion euros
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Updated Stability Programme reflects impact of crisis as growth revised to 3.1 pct, rising in 2023
EconomyMacroeconomyin Ukraine are reflected. Real GDP growth is now revised down to 3.1 pct for this year, from the 4.5 pct... to 5.6 pct for this year, before getting contained to 1.6 pct in 2023. The Ukraine conflict will weigh..., with investment spending maintaining the lead. The unemployment rate by the end of next year is seen dropping
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Newsletter 336 - 06/05/2022
as a national target to be achieved by the second half of next year. DBRS had also moved Greece to one... to withstand this year’s impact. On the fiscal front, the authorities are determined to stay... of 1.836 pct. The shifting landscape is also evident when compared to last year’s data. In 2021, Greece
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Newsletter 337 - 13/05/2022
in the 12 months or so left until the next elections, dismissing talk of snap polls later this year... for energy-related subsidies and interventions this year. Of this, 3.6 bln is allocated... by another 3.9 points in April to -55.3 points, from -21.9 points in May last year. The CPI
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