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  1. Strong tax performance and underspend push 6M primary surplus to 1.7 bln above target
    Image: MacroPolis

    EconomyMacroeconomy

    . Taxes beat the target by 1.34 billion euros. The ministry notes that the overperformance is mainly due

    1%

  2. Current account balance continues to deteriorate as deficit up to May exceeds 9 bln
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account recorded a deficit of 2.35 billion in May, from 2.69 billion euros in April, Bank of Greece (BoG) data showed on Monday. In May 2023, the balance showed a deficit of 1.63 billion euros. The Bank of Greece notes that this is mainly due to a deterioration in the balance

    1%

  3. Primary surplus reaches 2.91 bln in Jun as VAT and corporate tax lead revenue outperformance
    Image: MacroPolis

    EconomyMacroeconomy

    the target by 1.65 billion euros. This is mainly attributed to the deferral of the transfers to SSFs

    1%

  4. Inflation up to 2.7 pct in July as housing costs keep rising
    Photo by MacroPolis

    EconomyMacroeconomy

    also increased by 2.5 percent mainly due to rentals for dwellings, services for the repair

    1%

  5. Primary balance 4 bln above target in Jul due to underspend and tax performance
    Image: MacroPolis

    EconomyMacroeconomy

    is mainly due to the better performance of the previous year’s income taxes paid by natural and legal

    1%

  6. Current account balance turns positive in June thanks to improved services surplus
    Image: MacroPolis

    EconomyMacroeconomy

    Greece’s current account turned to a 270 million surplus in June, from 2.35 billion euros in May, Bank of Greece (BoG) data showed on Tuesday. In June 2023, the balance showed a deficit of 731.5 million euros. The Bank of Greece notes that this is mainly due to an improvement in the primary income

    1%

  7. Corporate, income taxes and VAT propel tax outperformance in July above 2 bln
    Image: MacroPolis

    EconomyMacroeconomy

    by 2.74 billion euros. This is mainly attributed to the deferral of the transfers to SSFs by 1.82 billion

    1%

  8. Greek, Turkish foreign ministers discuss sticking points ahead of Mitsotakis-Erdogan talks
    Image: https://www.mfa.gov.tr/

    PoliticsForeign Policy

    that Ankara is mainly expecting from Brussels an expansion of the Customs Union, which will bring some

    1%

  9. CPI at 3 pct in Aug, on upward trajectory for three straight months

    EconomyMacroeconomy

    by 5.5 percent mainly due to rentals for dwellings, services for the repair and maintenance

    1%

  10. Significant underspend pushes 8M primary balance to 7.57 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    is mainly due to the better performance of the previous year’s income taxes paid by natural and legal

    1%