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  1. Current account balance shows a surplus for third straight month, at 2.09 bln in August

    EconomyMacroeconomy

    billion in the 8-month period. The financial account under direct investment did not show any remarkable transactions in August. In the 8-month period, residents’ assets from direct investment abroad increased by 265 million, while the non-residents’ direct investment in Greece decreased by 175

    5%

  2. Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target

    Economy

    the course of the year. The breakdown of the revenue items showed direct taxes sharply fell by 30.4 percent... of the total revenue revision. In addition, direct taxes also fell by 10.4 percent in September after a substantial rise by 60.8 percent in August. Overall, direct taxes dropped by 12.7 percent in the 9-month

    5%

  3. Current account surplus widens to 838 mln in Sept on shrinking goods deficit

    EconomyMacroeconomy

    . The financial account under direct investment did not display any significant transactions in September. For the 9-month period, residents’ net assets from direct investment abroad rose by 292 million euros, while the non-residents’ direct investment in Greece fell by 280 million. Under

    5%

  4. Current account turns to a surplus of 314 mln in Oct on contracting goods deficit

    EconomyMacroeconomy

    billion. As in September, the financial account under direct investment did not show any remarkable transactions in October. For the 10-month period, residents net assets from direct investment abroad increased by 303 million, while the non-residents’ direct investment in Greece dropped by 372

    5%

  5. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    . This is fully attributed to SMP and ANFA income of 1.87 billion euro that was not received, while direct and indirect taxes were above and in line with targets respectively. The breakdown showed direct taxes.... The aggregate figures for the 11-month period show that direct taxes fell 4.8 percent to 17.74

    5%

  6. Current account deficit at 1.22 bln in Nov, down 18.6 pct

    EconomyMacroeconomy

    , leading travel surplus up by 7 percent to 12.13 billion. The financial account under direct... residents’ net assets from direct investment abroad rose by 341 million, while the non-residents’ direct

    5%

  7. Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015

    EconomyMacroeconomy

    in 2015. The financial account under direct investment recorded a net rise by 154 million in December... increase. For the whole of 2015, residents’ net assets from direct investment abroad increased by 345 million, while non-residents’ direct investment in Greece fell by 258 million. Under the portfolio

    5%

  8. Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    revenue overperformance in Q1 does not reflect better-than-expected tax revenue collection. Direct... of target. Income and property tax underperformed by 116 and 147 million respectively, while direct tax arrears and other direct taxes came in 146 and 32 million above target respectively. Indirect taxes

    5%

  9. Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
    Photo by MacroPolis

    EconomyMacroeconomy

    . The breakdown showed direct taxes eased 1.9 percent to 4.78 billion, 47 million below target, while... and property taxes fell short of target by 148 and 101 million respectively, while direct tax arrears and other direct taxes outperformed by 162 and 40 million respectively. On the indirect tax front, VAT

    5%

  10. Government hopes offer of tax breaks and grants will spark growth boost

    EconomyMacroeconomy

    . In addition, the direct public revenues that are expected from the implementation of subsidized... by around 23 billion and direct public revenues by 5.39 billion. Under a pessimistic scenario of 5.05 billion of investments, these would increase GDP by 11.5 billion and direct public revenues by almost

    5%