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Greece's C/A deficit for March drops sharply to 44.4 mln
EconomyMacroeconomy, from 100 million in February, chiefly due to an inflow of 200 million from the participation... the YtD amount to 310 million. The February outflow stemmed from a rise in resident’s investment... marginally improving from 2.4 percent of GDP in 2013 to 2.3 percent in 2014 and 2.2 percent in 2015.
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingto around 70 million in Q1, after a negative figure of 100 million in the previous quarter. However, NPE.... The cost of risk stood at 2.2 percent in Q1 and management expects a lower figure between 150-200 bps... bps to more than 310 bps in 2020. It also sees the cost to income ratio falling below 45 percent
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomyFinance Minister Euclid Tsakalotos tabled in Parliament on Monday afternoon the 2017 budget... were included in the draft budget that was tabled on October 3. Fiscal estimates The general..., is expected to reach 1.09 percent of GDP in 2016, higher than both the draft budget estimate of 0.63
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PBO affirms strong macro and fiscal trajectory, growth seen at 2.2 pct
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) published its quarterly report on Tuesday, where the stable... was a solid 2.2 pct, investments were subdued. The PBO’s outlook remains broadly unchanged, with a small downward revision to 2.2 pct growth for 2025, from 2.3 pct previously. On the fiscal front, the PBO
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Newsletter 310 - 01/10/2021
to be addressed with urgency and has already increased the budget for the subsidy of electricity... in February this year when it grew by 3.7 pct. Retail The latest household budget survey by ELSTAT
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PM pledges handouts amid discontent and gripes over coronavirus strategy
PoliticsGreek Politicson a proposal. However, it should be noted that since the budget is already heading for a large deficit... financial website that the total available for the end of year gift is likely to be less than 100... reached 310. Mitsotakis’s chief of staff, Akis Sketsos, indicated that the government will monitor
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Greek primary budget surplus halved in Jan as revenues miss target
Economyexpenditure was almost 100 million better than target. A similar pattern was also evident in the budget...Greece’s budget execution showed the primary surplus halving to 443 million euros in January from 835 million last year, according to the Finance Ministry (MoF) preliminary budget bulletin published
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Storm fallout sweeps PM to crucial juncture early in second term
PoliticsGreek Politicsof compensation, as well as repurposing funds from the state investment budget. Kyriakos Mitsotakis said... the options available. The Finance Ministry will probably have to submit a supplementary budget this autumn to account for the extra spending, while the drafting of next year’s budget will also have
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Primary surplus inches up to 2.9 pct in Greece's 2015 draft budget
EconomyGreece's 2015 draft budget to be tabled in Parliament on Monday will forecast a primary surplus... Investment Budget (PIB) revenues (+500 million euros), b) improved fiscal outcome stemming from local... primary expenditure is seen lower by 600 million YoY. The general government budget balance is seen
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Budget primary shows deficit of 18.20 bln in 2020, total deficit at 22.81 bln
EconomyMacroeconomyto 5.24 billion euros which was 100 million euros higher than the monthly target. State budget net...The budget primary balance recorded a deficit of 18.20 billion euros in 2020, compared to a surplus of 5.02 billion noted in December 2019, the preliminary Finance Ministry (MoF) budget execution
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