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  1. Current account deficit jumps to 742 mln in January

    EconomyMacroeconomy

    281.3 million a year ago, Bank of Greece (BoG) figures displayed on Tuesday. The marked deterioration in the C/A balance by 461 million euros year on year (YoY) largely reflects a sharp drop... income balance turned to a deficit of 6.6 million from a surplus of 79.7 million last year

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  2. Tax arrears increase by 2.76 bln in first two months of 2016, reach total of 86.9 bln

    Economy

    billion euros for the 2-month period of 2016, which is a rise of 11.1 percent year on year. At the end... collection and the outcome of tax audits against targets. Against a full-year target of legacy tax debt collection of 2.05 billion euros, the amount collected in the first two months of the year

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  3. Amid risk of 2015 re-run, Greece searching for deal with lenders
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    does not appear to be in anywhere near as confrontational a mood as it was last year, when... at 9,091 euros per year (from the current 9,550) but the institutions are said to favour a ceiling... of last year. At the news conference, Labour Minister Giorgos Katrougalos also said that a bill

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  4. Press freedom ranking edges up but Tsipras yet to deliver, report finds

    Society

    places on last year’s ranking, Greece is now in 89th position out of 180 countries included... improved ranking in this year’s report represents a slowdown on the jump of eight places noted... on the 2014 figure, this year’s results mark a fall of 76 places on Greece’s best ever ranking of 18th place

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  5. EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
    Photo by Stuart Chalmers via Flickr https://flic.kr/p/49JB98

    Economy

    . EC noted that the slower than initially anticipated recession this year is largely due to the more... by a positive net exports on the back of another year of strong tourism performance and positive... of the year. The domestic economy is estimated to gather strength in 2017 with GDP strongly

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  6. Newsletter 72 - 06/05/2016

    Newsletters

    percent the following year. In addition, the debt-to-GDP ratio is anticipated to reach 182.8 percent in 2016, before easing to 178.8 percent the following year. Brussels also confirmed that the additional... throughout that year will stem from pension reform (1 percent), personal income tax reform (1

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  7. General gov't primary cash surplus widens to 3.2 bln in March, arrears jump to 6.7 bln

    EconomyMacroeconomy

    in the first quarter (Q1) of 2016 from 1.1 billion in the corresponding period last year, the Finance... follow with a surplus of 931 million euros from deficit of 270 million last year, while SSFs markedly trimmed their deficit to 63 million from 375 million a year ago. In addition, the primary cash

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  8. Net job hirings in private sector reach record high of 90,631 in April

    EconomyMacroeconomy

    to the corresponding period last year, according to the Labour Ministry’s information system (Ergani). This is the third successive positive balance this year and is the highest monthly reading since 2001, when... net hirings of 124,465 recording a rise by 16,078 on last year’s figure of 108,387. This year’s

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  9. Greek stocks jump 2.8 pct during week on improved market sentiment

    Economy

    in the course of 2016. As a result, the year-to-date losses were trimmed to 1.4 percent. Banks... since the beginning of the year. Eurobank recorded the best performance, surging by 24.7 percent... for the first time this year to 103 million this week from 81 million in the previous week

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  10. Current account deficit more than halves to 708 mln in March

    EconomyMacroeconomy

    billion last year, Bank of Greece (BoG) figures showed on Friday. The notable improvement reflects... percent or 960 million to 2.25 billion from 3.21 billion in the corresponding period last year. The year-on-year improvement in Q1 stems from a notable drop in the goods’ deficit by 870 million

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