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Newsletter 45 - 02/10/2015
Hectic agenda awaits govt Draft budget for 2016 to be tabled Monday The lawmakers returned.... On Monday, Finance Minister Euclid Tsakalotos will table the 2016 draft budget. Recent media reports... of 1.3 percent. Our understanding is that this year’s budget targets should also be revisited. Last year
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Newsletter 301 - 18/06/2021
, in its latest quarterly report the Parliamentary Budget Office shifted from its previous baseline..., which saw the spread over German sovereign debt drop below 100 basis points. However, the PBO notes... on budget transfers for a long period of time to withstand the effects of the pandemic and this may have
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Q4 GDP rises by 0.9 pct QoQ, taking full-year growth to 2.3 pct
EconomyMacroeconomyby 0.5 percent QoQ and services exports increased by 2.2 percent. Imports of goods dropped by 1.4... Finance Ministry estimates included in the final 2025 budget, the estimate for 2024 was revised slightly down to 2.2 pct and is seen at 2.3 pct for 2025. In the latest financial stability report
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Russia sanctions, regional diplomacy dominate Tsipras visit to Ukraine
PoliticsForeign Policyas the ongoing sanctions and the embargo of the European Union against Russia has damaged the country’s trade and economic relations with Moscow. Greece’s economy has suffered from the embargo on food... diplomatic sources. Despite the EU embargo against Russia, however, Athens’ relations with Moscow
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Newsletter 119 - 19/05/2017
, pointing to a faster GDP rebound of 2.1 and 2.2 percent, respectively. Budget primary balance records... to the fiscal forecasts and interventions for the coming years, the MTFS also updated the state budget estimates for 2017. The budget primary surplus (on a modified cash basis) for 2017 was upwardly revised
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Government seeks to appease banks over ADMIE privatisation
EconomyMacroeconomythat they had granted, along with Attica Bank, a medium-term syndicated bond loan of 2.2 billion euros.... This entails a total value for 100 percent of ADMIE at 1.33 billion. PPC held an extraordinary...’) existing contractual rights” deriving from the 2.2 billion syndicated loan since “through
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Consumption and investments drive Q3 GDP growth of 2 pct YoY
EconomyMacroeconomyQoQ. Outlook In the final 2026 budget, the Finance Ministry sees growth at 2.2 pct for 2025 and 2.4 pct next year. The Bank of Greece (BoG) sees 2025 growth at 2.2 pct The European Commission in its... quarter of the year if the 2.2 pct growth forecast for the year of the finance ministry is to materialise
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Budget primary surplus of 2.38 bln by April, continues to beat target due to restricted spending
EconomyMacroeconomyGreece’s budget primary surplus reached 2.38 billion euros in the 4-month period of 2016 from 2.1... budget execution bulletin published on Thursday. The headline figure represents an outperformance... million), more than offsetting an underperformance of the Public Investment Budget (PIB
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Five-month budget primary surplus of 2.27 bln, revenues outperform in May
EconomyMacroeconomyGreece’s budget primary surplus stood at 2.27 billion euros in the 5-month period of 2016 up... budget execution bulletin showed on Thursday. The headline figure means there was an over-performance.... In contrast, Public Investment Budget (PIB) balance fell slightly short of target by 74 million
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Aided by underspend, budget primary surplus reaches 1.84 bln in 5-month, 792 mln above target
EconomyMacroeconomyThe budget primary balance recorded a surplus of 1.84 billion euros in the 5-month period of 2017... budget execution bulletin showed on Wednesday. As we noted a month ago, the MoF updated in the May bulletin its previous annual budget estimates for 2017, included in the 2017 budget, with those
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