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Strong tax revenues, major underspend lead primary surplus 3.57 bln above target in Aug
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.5 billion euros up to August, compared to a surplus of 7.57 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Thurs...
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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammethe high surplus period they had strong real GDP growth (2.7 percent) and high inflation (4 percent... to the Fund suggest that sustained periods of high primary surpluses require strong economic growth... primary surpluses that are achieved through strong fiscal adjustment are often reversed following
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Greece’s 14–29s: Ambitious, anxious and lacking trust
Societystrong desires to emigrate; about 29.3% declare a “strong” or “very strong” desire to live abroad... and values. The youngest cohort (14–18) shows particularly strong nationalist tendencies, combining... towards parties and institutions paired with a strong desire to be heard. Trust in politicised
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Industrial production surges 7.5 pct in June, with highest growth rate since 2001
EconomyMacroeconomy’s performance also reflects a low base effect. The strong rebound largely reflects a strong increase of 16.3 percent in electricity production, followed by strong growth rates in manufacturing (+8.5... petroleum and natural gas more than doubled (+131 percent), while strong double digit rises were also
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Coca Cola-HBC revenues rise by 5 pct in Q3
EconomyCorporatesmillion (+9.1 percent). Sales were particularly strong in Hungary and the Czech Republic... increased by 5.6 percent on a reported basis, rising from 741.7 million to 783 million. Strong growth... 677.3 million). Good weather in southern Europe and a strong tourism season were cited as the main
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Newsletter 141
the prospective alliance in a strong position after the next elections, especially if New Democracy, which... budget sees strong growth in 2018 Several key items revised against both the MTFS and draft budget... of the economy, has remained consistently strong with the Greek Tourism Confederation estimating foreign
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PMI eases to 54.2 in May as exports continue to rise
EconomyMacroeconomystrong growth and improvements in the Greek manufacturing sector. Output slowed to a three-month low, but remained strong, with greater domestic and foreign demand driving production. Manufacturing firms indicated a strong expansion in new business in May, Markit said. Export orders continued
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Mitsotakis pushes for broad consensus after surprise announcement on postal vote
PoliticsGreek Politicswas unexpected, New Democracy has strong motives to move in this direction. One is the party’s strong ties with the Greek diaspora, and the other is its strong base among the older demographics. The party has... to increase democratic participation and provide a strong response to voter apathy. The proposal
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Why did Greece return to bond markets now? Was it the right decision?
Economymore than 1.5 times oversubscribed, confirming the recent strong investor interest in Greek bank... this? According to the Finance Ministry there was “strong interest from high-quality long-term investors... received a lot of attention. There is no denying that demand was strong but it is likely to have
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Accommodation and food services turnover jumps 22.2 pct in Q4 2014
EconomyMacroeconomysince 2011. However, it remains 8.6 percent below the 2010 level. The strong positive trends... to surging international tourist arrivals, up 23 percent to 22 million. However, strong volumes were... percent for the whole year, mainly reflecting the strong negative rates in the August – October period
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