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General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln
EconomyMacroeconomyin the 8-month period of 2016 from 2.56 billion in the corresponding period last year, the Finance... balance turned to a surplus of 614 million from deficit of 637 million a year ago. In addition, local... a surplus of 966 million, down by 2 billion from last year’s figure of 2.97 billion. As a result, state
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Bank credit contracts by 1.7 pct in September on loan deductions of 355 million
EconomyMacroeconomyto 355 million in September, from a year high of 897 million in August, and fully reflect... additions of 25 million. Since the beginning of the year, cumulative deductions stood at 2.86 billion... in August. Since the beginning of the year, the corporate lending sector has recorded deductions
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Record job departures in Oct but highest 10-month net hirings since 2001
EconomyMacroeconomyto 82,810 from 56,473 a year ago, data from the Labour Ministry’s Ergani information system displayed on Thursday. This year’s figure is by far the highest negative reading for October since 2001... of hirings, which is the lowest reading so far this year. However, it is similar to the 38.2 percent
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Newsletter 95 - 11/11/2016
and 20.3 percent in 2018. The Commission also said that Greece will meet this year’s fiscal target of 0.5... year. ELSTAT data revealed the Consumer Price Index (CPI) dropped at a slower pace of 0.5 percent... of the year point to a rise of 1.8 percent from 2015, mostly reflecting a rebound in manufacturing production
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Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
EconomyMacroeconomyby almost 71 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) final budget... this year. Overall, revenues rose by 8.9 percent to 47.25 billion in the 11-month period, 1.28 billion.... Overall, income tax rebounded by 10.9 percent from last year, while property taxes rose at a higher pace
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Newsletter 103 - 20/01/2017
brake agreed last year with the institutions so it applies after the end of the current programme... of the year, compared to the previous 6-month period, to stand at 14.6 million. However, despite... by HRADF last July, ending a three-year process. The completion of the transaction follows
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Tax revenue overperformance leads budget primary surplus to 4.44 bln in 2016
EconomyMacroeconomya year ago. The primary surplus beat the target by 2.45 billion euros, mostly on the back of revenue... narrowed by more than two thirds from last year and landed at 1.14 billion euros in 2016, 2.48... for the whole year, 1.7 billion above target. In specific, direct taxes rebounded 10.5 percent
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Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016
EconomyMacroeconomy. The flash estimates also showed GDP rose by 0.3 percent year on year (YoY) in Q4, significantly..., the aggregate figures for the whole year point to a real GDP growth of 0.3 percent, which is exactly the same... for 12 percent of GDP, while the EC foresees a slighter growth of 4 percent for the whole year. Total
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Budget primary surplus at 1 bln in Jan as tax revenues outperform
EconomyMacroeconomystable from last year, according to the Finance Ministry (MoF) final budget execution bulletin published on Friday. Preliminary figures were released on February 14. This year’s figure beat the target.... Moreover, the state balance recorded a surplus of 839 million in January, 5.5 percent below last year
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Budget primary surplus outperforms in 2-month, tax revenues underperform in Feb
EconomyMacroeconomyby 25.2 percent from last year’s figure of 2.85 billion, the Finance Ministry (MoF) final budget execution bulletin revealed on Friday. Preliminary figures were published on March 14. This year’s... of the full year target of 1.99 billion. Meanwhile, interest payments jumped to 1.52 billion
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