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  1. General gov't primary surplus shrinks to 419 mln in January

    EconomyMacroeconomy

    million, yet it was down 68 percent year on year (YoY). Local governments’ surplus followed suit... of extrabudgetary funds nosedived to 84 million from 387 million a year ago (down 78 percent YoY), while... of total). The other subsectors showed slower changes with state budget arrears down 22 million MoM to 135

    2%
  2. Budget primary surplus falls to 1.24 bln at end of Feb as revenues miss target

    EconomyMacroeconomy

    , down 40 percent, according to the Finance Ministry (MoF) final budget bulletin. Tuesday’s figures... the 2-month figure at 7.9 billion, down 5.6 percent. Following an underperformance of 968 million euros... reached 7.29 billion, down 7.3 percent and 1.17 billion below target. Primary expenditure declined

    2%
  3. Signifcant underspend covers revenue shortfall for budget primary surplus to August

    EconomyMacroeconomy

    the 8-month figure down 4.7 percent to 30.26 billion, 4.23 billion short of target. Note though... to just 39 million. For the 8-month period, direct taxes are down 9.3 percent to 11.53 billion... by CIT (298 million). Indirect taxes fell 4 percent in August with the 8-month figure down 2.9

    2%
  4. Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance

    EconomyMacroeconomy

    shrinking with the 9-month figure at 1.9 billion euros, down 17 percent from last year’s number. Revenues... in August, to 3.78 billion euros, bringing the 9-month figure to 35.04 billion, down 6.7 percent... reading in the course of 2015. However, the 9-month figure of 2.17 billion (down 40.5 percent) still

    2%
  5. Marked rise in expenditure leads to a budget primary deficit in Nov

    Economy

    million respectively leading the annual primary surplus target down by 364 million to 3.26 billion.... For the 11-month period, revenues reached 43.41 billion euros, which is down 2.4 percent. Despite... refunds jumped by 33.5 percent in November but the 11-month figure of 2.58 billion euros is still down

    2%
  6. Newsletter 66 - 11/03/2016

    Newsletters

    unemployment rate fell for the third straight month in December, when it edged down to 24 percent from... if the mechanism breaks down. European Union leaders and Turkish Prime Minister Ahmet Davutoglu are due to meet... the Aegean with the help of smugglers slip down the list of those eligible for resettlement, while others

    2%
  7. Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in at 20.21 billion next year from 15.03 billion this year. Moreover, interest payments are seen down... million in 2017, down by more than 100 million from 2016 figure of 586 million. Revenue..., while bonds are seen down by 8 billion due to redemptions. Interest payments as a percentage of GDP

    2%
  8. Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    with deductions of 3.14 billion in 2016, 4.8 percent lower than the 2015 figure of 3.29 billion. When broken down... 15 million. For the whole year, net deductions reached 255 million, while the loan stock edged down... 355 million in 2016, dragging the balance down to 24.65 billion at the end of December. There has been

    2%
  9. Number of new companies registering in 2016 half of those in 2008
    Photo by Natasha Pantazopoulou/Fosphotos

    Economy

    in 2016 down by 41 percent from 2012, other retail (3,200 down 49 percent), tourism and travel (1,347 up 31 percent), construction (986 down 25 percent), accounting and consulting (966 down 16 percent

    2%
  10. Credit contraction rises to 1.6 pct in Jan on extended deductions of 885 mln

    EconomyMacroeconomy

    , with the balance edging down to 13.11 billion. On the household front, the acceleration in deductions led... in the previous month leading balance down to 61.23 billion. In addition, the lending flow in the consumer..., with cumulative net deductions of 40.8 billion euros over this period, which have led the loan stock down

    2%