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Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports
EconomyMacroeconomyby 959 million and lower services’ surplus by 243 million. The considerable drop in the goods... is primarily due to lower net payments for purchases of ships also supported by reduced net oil..., mainly stems from higher net investment income payments coupled with lower net other primary
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Cash primary surplus improves by 32.4 pct to 3.07 bln on revenue boost in August
EconomyMacroeconomywith the 8-month figure showing a deficit of 1.75 billion, 33 percent lower year on year. The central..., while excluding the extraordinary income sources from both periods we get a slightly lower drop... billion in the 8-month period, 201 million lower than the respective budget figure of 4.9 billion
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PMI rebounded in September, but survey data still point to a downturn on lack of new orders
EconomyMacroeconomyreflecting sustained drop in production on lower level of new orders as well as further decrease... with lower demand. The volume of new work continued heading south for the thirteenth straight month... workforce numbers at lower levels. Although the rate of reduction in September was the lowest since June
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Current account balance shows a surplus for third straight month, at 2.09 bln in August
EconomyMacroeconomybillion respectively. The services’ surplus dropped by 3.9 percent primarily due to lower net transport... corresponds to lower imports by 4 billion. At the same time, exports fell by 5.8 percent or 1 billion. BoG...’ surplus by 2.3 percent in the 8-month period stems from lower net transport and other services’ receipts
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Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Economyon the new targets, the year to date over-performance is attributed to lower expenditure (by 2.32..., 2.64 billion lower than the revised target. On top of primary expenditure, total expenditure outperformance also reflects a sharp cut in military procurement to just 99 million, 376 million lower
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Greek teachers low paid, but work shorter hours in smaller classes
Societyof service. Even after 15 years’ experience, a Greek lower secondary school teacher with minimum... lower secondary schools averages 694 hours per year, but ranges from 415 hours in Greece to over... countries that specify both teaching time and the amount of time that lower secondary teachers
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Marked rise in expenditure leads to a budget primary deficit in Nov
Economythan the target. The year to date outperformance mainly stems from lower primary expenditure... billion euros, 32.3 percent lower than last year and 1.77 billion better than target. It is also... million, which is well above the target of 569 million. Thus, albeit at lower levels, the PIB
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Current account deficit at 1.22 bln in Nov, down 18.6 pct
EconomyMacroeconomylower but they could be recorded since they were conducted outside the Greek banking system due... attributed to lower net transport receipts, while travel receipts posted a marked rise of 16 percent... in the 11-month period is attributed to lower net transport receipts. In contrast, travel receipts grew
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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomyimports decreased by 5 percent. The decline in the services’ surplus is primarily attributed to lower net... respectively. The BoG noted that lower international oil prices resulted in an improving oil balance...’ surplus by 6.9 percent in 2015 is attributed to lower net transport receipts amid capital controls
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Gov't offers improved terms to farmers in bid to break deadlock
Economyfor all insured. 3) Farmers for whom farming is their main job will have the option to choose a lower... a lower pension. A contribution rate of 16 percent for 40 working years would result in a pension... and medium agricultural producers so the total tax and social security contributions will be lower than
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