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  1. Five-month budget primary surplus confirmed at 1.84 bln, beats target by 790 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    by 26.5 percent from last year’s figure of 1.46 billion, the Finance Ministry (MoF) final budget... period, down by around one quarter from last year, while overshoot target by 791 million. Revenues... at 963 million in the 5-month period, from just 54 million a year ago, but fell short of target

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  2. General govt primary cash surplus at 2.25 bln in May, arrears rise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    year to 2.25 billion in the first five months of 2017, according to the Finance Ministry’s (MoF) gg... year. However, local government recorded a deficit of 74 million compared to a surplus of 117 million... million) and extrabudgetary funds (+22 million). Since the beginning of the year, arrears have risen

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  3. Newsletter 126 - 07/07/2017

    Newsletters

    after another year of meeting fiscal targets and completing the third review. Greece should also... The general government (gg) primary cash surplus fell by 332 million euros from the previous year to 2.25... at the same time last year. Local government recorded a deficit of 74 million compared to a surplus

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  4. Building activity falls by 0.9 pct in April
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    and is the second negative reading for the year so far. The absolute figure of permits totalled 1,022... last year. ELSTAT noted that the increase or decrease in building permits issued does... successive year, with building permits falling at a sharper pace of 5.5 percent after edging down by 0.9

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  5. Building activity up by 45.7 pct in May, highest since Dec 2005
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    year-on-year rise in permits since December 2005. The absolute figure of permits totalled 1,237 in May... to the same month last year. ELSTAT noted that the increase or decrease in building permits issued... for the eleventh successive year in 2016, with building permits falling at a sharper pace of 5.5 percent after

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  6. Budget primary surplus at 3.05 bln in 7-month, above target on underspend
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of 2017, up by 12.4 percent from last year’s figure of 2.72 billion, the Finance Ministry (MoF... billion euros in July from 96 million in June, the highest figure for the year so far. Furthermore... for the year so far. Gross revenue edged down marginally by 0.3 percent to 27.62 billion euros during

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  7. Third review seen taking longer than Athens had hoped
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    is that more fiscal measures may be needed next year. The official insisted that despite the underwhelming revenue results there would be a primary surplus overperfomance this year, beating the target of 1.75... that there is a likelihood that more measures would be needed for next year to meet the 3.5 percent primary

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  8. Budget primary surplus at 3.55 bln in 8-month, below target on lower revenues, higher tax refunds
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of 2017, a rise of 67.7 percent against last year’s figure of 2.12 billion euros, the Finance Ministry..., 1.20 billion below target while tax refunds rose to 2.57 billion, the highest figure for the year so... euros, although slowing from July’s figure of 1.12 billion which was the highest for the year so far

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  9. Tsipras urges swift conclusion of review but doubts linger
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    of the year, which is when the institutions would also like to wrap up matters. Tsipras chaired... Friday’s Eurogroup. They stressed the importance of completing the review this year and urged Athens.... On the fiscal side, which is also a concern due to the underperformance of revenues this year, Tsipras insisted

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  10. Current account surplus at 1.57 billion in July, pushed by services balance
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    billion a year ago, Bank of Greece (BoG) figures showed on Wednesday. The headline figure increased by 213.3 million euro year-on-year and was mainly driven by a rise in the services balance which... worsened by 180 million euros to 1.22 billion from 1.04 billion a year ago. Exports rose by 8 percent

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