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Budget primary deficit beats March goal amid resilient income tax take
EconomyMacroeconomy. Broken down by category, VAT was below its target by 261 million euros, or 6.4 percent, while... category during this period due to a decision, taken after the 2020 budget, to partially distribute... (transfers category) and the refundable advance payment, which amounted to expenditure of 672 million euros
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Post-Covid era dawns on new landscape for bad debt in Greece
EconomyFeaturesof bad loans. At the time, almost half of their outstanding loan amounts fell into this category... loans have been more resilient, but even in this category non-performing loans exceeded 45 pct... into this category in the first wave of auctions. Banking sources recently quoted in the media
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Greek primary budget surplus doubles to 835 mln in Jan but below target
EconomyGreece’s budget execution showed a primary surplus of 835 million euros in January, which was almost double compared to the 415 million posted in the corresponding period last year, according to the final data released by the Ministry of Finance (MoF) o...
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Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept
EconomyMacroeconomyThe year on year (yoy) credit contraction in the Greek market marginally accelerated for the second straight month to 4 percent in January from 3.9 percent in December, with balances reaching 217.61 billion euros, according to the Bank of Greece (BoG). ...
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Industrial production up 1.1 pct in Jan, first consecutive rise since Aug 2007
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) showed an increase of 1.1 percent for the second straight month in January, following a 0.5 percent rise in December, according to the Hellenic Statistical Authority (ELSTAT). It is noted that the IPI had retr...
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Drop in Greek industry's turnover index slowed to 4.1 pct in Jan
EconomyThe drop in Turnover Index in Industry decelerated to 4.1 percent in January from a double-digit decline in the preceding three months, according to the Hellenic Statistical Authority (ELSTAT). The headline figure continued heading south for the fifth s...
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Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall
EconomyGreece’s budget execution showed a primary surplus of 1.05 billion euros in the first four months of 2014 from a primary deficit of 306 million last year, according to the final figures released by the Ministry of Finance (MoF) on Friday. The state budg...
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Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 11.3 billion euros in May, the highest monthly drop since January 2013, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure landed at 50.66 billion at the end of May, which is ...
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General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
EconomyMacroeconomyThe Greek general government (gg) primary cash surplus amounted to 1.22 billion euros in the 5-month period from a deficit of 1.62 billion in the corresponding period last year, according to the gg bulletin released by the Ministry of Finance (MoF). Exc...
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Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010
EconomyMacroeconomyGreek banks’ Eurosystem funding dropped by another 5.71 billion euros in June, after falling by 11.3 billion in May, according to the Bank of Greece's (BoG) monthly financial statement. The headline figure settled at 44.95 billion euros in June, the low...
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