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Travel receipts drop by 4.1 pct in Oct for second straight fall
EconomyMacroeconomypercent to 784.3 million in from 829.4 million a year ago. The decrease in travel receipts fully... a rise by 0.5 billion from last year. Travel payments slipped 2.2 percent to 1.67 billion euros bringing the 10-month travel surplus up 5 percent to 11.86 billion. The year to date growth in receipts
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Leaving Greece's annus horribilis behind
Agora’s relationship with its European partners. As the year draws to a close, the business of looking... along the way for the year to come. Some of the key domestic actors in Greece during the first... and will also characterize the course of events next year, for example with regard to pension reform, social
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Addressing some misconceptions about Greek budget revenues and unpaid taxes
Agorain the context of Greece's fiscal consolidation but are also often open to misinterpretation. In 2015, a year... similar, pointing to another year of weaker than anticipated revenue collection. However, a closer look... in the comparison of the monthly gross revenues this year vis-à-vis the corresponding figures of the previous year
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Newsletter 58 - 15/01/2016
as a temporary measure for a three-year period, in an effort to fill the gap of around 600 million... of 7 percent in December. There were 10 positive monthly readings last year, with the number of additional road motor cars reaching 116,168. Last year’s increase was not as strong as the 2014 rise
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Current account deficit at 1.22 bln in Nov, down 18.6 pct
EconomyMacroeconomyof Greece (BoG) data displayed on Wednesday. The year on year (YoY) drop reflects a narrowing..., with the C/A balance turning to a surplus of 1.05 billion euros from deficit of 1.9 billion last year... investment did not display any remarkable transactions in November. The year to date figures showed
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Primary cash surplus improves 2.5 times to 3.49 bln in 2015
EconomyMacroeconomybillion from 1.71 billion last year. The monthly evolution shows a primary deficit of 990 million in December down by 16.7 percent from last year. The central government deficit narrowed by 20.2 percent to 3.36 billion in 2015 from 4.21 billion last year. The monthly figure though rose by 6.5 percent
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Newsletter 61 - 05/02/2016
system is not currently sustainable since the budget pays each year around 10 percent of GDP... last year disappeared with the departure of its radical left wing and were replaced by a more... will be less wavering in his search for a deal with creditors than last year and may be willing to compromise
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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomy1.87 billion last year, Bank of Greece (BoG) figures showed on Friday. The notable improvement in the C/A balance by 1.09 billion year on year (YoY) drop reflects a shrinking of the goods’ deficit... of 17.1 million last year. The aggregate figures for whole year displayed a substantial improvement
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Newsletter 63 - 19/02/2016
was due to start at the beginning of the year, with targeted revenues of 190 million for 2016... be implemented by Cosco in the next ten years. Unlike last year, when most of the core Greek banks disclosed their full year financial results in the second half of March, three of the four banks
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingquarter of last year compared to profits of 502.3 million in Q3. Q4 results were burdened by a jump... high administrative expenses. For the whole year, recurring costs fell by 5 percent to 1.25 billion... billion for the full year, on higher funding cost related to increased reliance to the Emergency Liquidity
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