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Newsletter 381 - 19/05/2023
successive month energy fell, with a sharp drop of 28.4 pct. Hirings balance As expected, tourism... were for waiters, cooks, and cleaners. April’s total hiring balance was close to last year’s all-time high at over 123,000 more hires than departures. During the first four months, the hiring balance
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Newsletter 14 - 06/02/2015
, is the commitment to achieving primary balanced budgets. However, in the aftermath of last week’s... on luxurious lifestyle or consumption products and services. It has also pledged to restore the tax-free... that there was a blatant contradiction in the government’s approach. Maybe this was part of an intentional ploy
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agora’ balance sheets. The nominal volume is approximately 74 billion euros. The payment for the distressed... institutions that required public capital injections so as to remove these from the balance sheet... from the troika. Divorcing billions of toxic assets such as NPLs from banks’ balance sheets
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IMF recognises Greek 2013 surplus, sees less burdensome financing needs
Economy. In October 2013, the IMF forecasted a zero primary balance for Greece. “Greece met its primary surplus... balance of 1.5 percent of GDP, which is marginally above its previous forecast of 1.4 percent... balance, gg gross debt is forecast at slightly higher levels for 2014 and 2015 - at 174.7 and 171.3
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Central gov't cash deficit shrinks to 1.27 bln in April
EconomyMacroeconomyGreece’s central government net balance to April on a cash basis showed the deficit shrinking...). The 4-month primary cash balance turned positive at 1.33 billion from deficit of 2.81 billion... to 2.22 billion, in line with the budget figure. Public Investment Budget balance showed a surplus
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Budget execution shows primary surplus of 711 mln, 503 mln ahead of target
EconomyMacroeconomyof 620 million to April) more than offsetting lower Public Investment Budget (PIB) balance (-129 million.... The outperformance of PIB balance by 390 million until April was reversed in May, with the 5-month figure... balance remains positive at 520 million in the 5-month period, reflecting a 33.6 percent rise
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Central gov't primary cash surplus reaches 1.37 billion in first half of year
EconomyMacroeconomyGreece’s central government net balance to June on a cash basis showed the deficit shrinking by 78... of Greece (BoG). Similarly, the 6-month primary cash balance improved by 6.14 billion euros, posting... Public Investment Budget balance turned to a surplus of 608 million from deficit of 22 million last
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Greek cash deficit to July narrows 78.3 pct to 1.72 bln
EconomyMacroeconomyGreece’s central government net balance on a cash basis showed the deficit narrowing by 78.3... of Greece (BoG). The 7-month primary cash balance turned to a surplus of 2.42 billion from deficit... million lower than the respective budget figure. The 7-month Public Investment Budget (PIB) balance showed
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Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July
EconomyMacroeconomy. The 7-month budget balance figure beat its target by 1.63 billion euros. The outperformance mainly... billion, 3.5 percent short of target. Following a positive balance in June, the Public Investment Budget.... Nevertheless, the 7-month PIB balance remains positive at 325 million, 12.6 percent below target. The PIB
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomy. The general government (gg) balance is expected to remain slightly negative at 1 and 0.5 percent of GDP for 2014 and 2015 respectively, 1-1.5pp better than its previous estimates. For 2016, the gg balance... high debt which remains a major challenge, 3) slow progress in bank balance sheet restructuring
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