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Newsletter 158 -20/04/2018
euros to 11.33 billion euros against last year’s total of 10.72 billion. Compared to the same time... taxes up by 2.01 bln in Feb Total stock of overdue taxes climbs to 101.12 bln February’s increase... tax showed an increase, the total for legacy tax arrears (i.e. those created before 2017) fell
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Greek 2017 primary surplus confirmed at 4 pct, well above target
EconomyMacroeconomydata and in the reference year Greece produced a total surplus of 1.45 billion euros, which translates... the latest figures report a total balance of 0.6 percent of GDP, 1.09 billion, and a primary surplus... revision by 0.1 percent higher in the total balance for 2016 and the debt for 2014 was revised down also
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesin total (around 8 percent of all pensioners). However, in 2017 new measures were also pre-legislated... a million pensioners out of a total 2.5 million. These latest cuts will be felt immediately by a large... this trend in spectacular fashion. Total expenditure on pensions, which is almost entirely
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Eurosystem funding falls by 716 mln in May
EconomyMacroeconomybillion euros for the month, edging down from April’s total of 21.59 billion. Since the start... the majority of total liquidity at 54.2 percent. In May, ELA collateral pledged with the BoG fell... revealed that banknotes in circulation fell by 587 million to 32.91 billion, the lowest total since
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Greece on track for bumper tourism year, figures show
EconomyFeaturesin foreign arrivals, coming to a total of 2.5 million visitors for the month. The average expenditure per... million at the country’s main airport. Counting domestic passengers as well, the total increase came.... This represents a rise of 2.3 million additional passengers. The total number of flights to Greek
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Banks try to build on growing confidence
EconomyBankingtheir bad loan reduction targets to bring the total of non-performing exposures (NPEs) to stand... levels, with the CET1 ratio for the total at 15.8 percent in March 2018, although the large size... report, the BoG noted that in total, Eurosystem funding fell by 4.56 billion in June and now stands
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Banks on track with NPE targets in Q2 as sales play bigger role
EconomyMacroeconomy) and 44.3 percent for residential loans (target: 42.8 percent). The total volume of NPLs was reduced by 3... by around 300 million, with total stock at 60.9 billion compared to the target of 60.6 billion... in NPLs is stated as 47 percent, taking the total from 72.8 billion in Q2 to 38.6 billion by the end
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Eurosystem funding down to 12.63 bln in August, banknotes in circulation rise slightly
EconomyMacroeconomymovement brings the total for central bank funding to 12.63 billion euros compared to July’s sum of 13.02... funding for August revealed that for a fifth consecutive month, ECB funding made up the majority of total... December 2017. The total for August stood at 31.70 billion. Banknotes in circulation were in decline
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Privatisation revenues edge upward as end-of-year deadline looms
EconomyFeaturesof the year. The government's draft budget report lists a total of 13 privatisations due... extension to the concession for Athens International Airport is completed. The total revenues from... the end of the year, which would take the total to 2.35 billion. Several key privatisations were
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In updated forecasts, IMF sees Greece meeting fiscal targets and debt falling
EconomyMacroeconomyof Greece achieving overall balances to three years, after a total surplus of 0.7 percent in 2016 and 1.1... the unfavourable macroeconomic conditions, Greece turned around a total deficit worth 15.1 percent of GDP in 2009. In the previous FM issued in April the IMF anticipated a total deficit of -0.1 percent
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