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April primary surplus beats target thanks to improved taxes and contained spending
EconomyMacroeconomyThe budget primary balance produced a surplus of 5.18 billion euros up to April, according... balance came in at 2.79 billion euros above the target. Expenditure, excluding interest payments.... The total budget balance up to April showed a surplus of 1.88 billion euros, from a 1.65 billion euros
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Budget continues to perform strongly with 3.64 bln surplus up to May
EconomyMacroeconomyThe budget primary balance landed at a surplus of 3.64 billion euros up to May, according... balance came in at 2.4 billion euros above the target. Expenditure, excluding interest payments... budget balance up to May showed a surplus of 91 million euros, from a 1.88 billion euros surplus
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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomyand services, which eased 4.2 and 6 percent respectively. It is also noteworthy that Q2 trade balance.... This quarter’s performance reflects two contradicting trends: Exports of services soared 15.6... in exports of services, at a double-digit rate for the second straight quarter, is mainly attributed
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Troika review begins with fiscal targets and tax breaks in focus
EconomyMacroeconomyas initially planned, according to To Vima. Such a development would balance the property market since... percent wage cut on armed forces and emergency services that emerged from the Council of State...) Retaining the VAT rate on food and accommodation services at the lower rate of 13 percent
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No fear of the bear? Bilateral economic relations between Germany and Russia
Agorabillion euros. It is noteworthy that the trade balance with Russia is negative for Germany, one... Department of Financial Services and the UK's Financial Conduct Authority each launched separate... on transaction banking services. The move made Russia the first casualty of the bank’s sweeping plan to shrink
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Athens identifies drivers for growth as it draws up strategy for next years
Economyin both trade of goods and services. Imports are also seen rising at roughly equal pace, keeping the trade balance in the region of 5.5 billion, with a negative contribution to total growth averaging... of goods and services will post an average growth of 3.6 percent between 2018 and 2022, reaching 71.4
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Going for Growth: What next for Greece's economy and banks?
Agoraand growth is vital not only for balance of payments and foreign exchange – i.e. bringing profits homes...://www.commerzbank.com/en/hauptnavigation/aktionaere/aktie/aktuelle_kursentwicklung/aktuelle... is pretty easy to understand with agriculture, tourism, shipping, petroleum exports, and services
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Newsletter 316 - 12/11/2021
year. The primary balance was broadly in line with the target in the 2022-2025 Medium-Term Fiscal... and public services with a negative test. Also, in a bid to get more elderly Greeks to come forward... resources to help public hospitals. This came after he signed a decision to requisition the services
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OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline
EconomyMacroeconomyfiscal commitments, with the primary balance at 1.8 pct this year, slightly below the government’s... of exports of goods and services is also seen more modest, at 1.3 pct this year, from 2.8 pct in 2023... regulatory burdens in retail and professional services, and providing more and better-quality training
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EC forecasts slower growth, higher inflation as energy shock strikes
EconomyMacroeconomy% to 2.6% of GDP. In 2027, the government balance is forecast to remain positive at 0.6% of GDP... could negatively affect services exports, especially tourism, which remains a key sector... problems such as skill shortages and insufficient childcare and elderly‑care services. Overall
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