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  1. Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
    Photo by MacroPolis

    EconomyMacroeconomy

    in the MTFS assumptions. Private consumption is expected to grow by 1.1 percent, from 1 percent... improved by 290 million. Total net revenues are expected to reach 53.3 billion euros vs a target... billion euros. Expenditure in 2018 is expected to be broadly in line with the target. The total is due

    6%

  2. August current account shows surplus of 1.56 bln as deficit in primary income account grows
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    worsened very slightly by 18.3 million or 1.1 percent. This was driven by imports rising faster than... percent YoY. BoG noted that at constant prices, total exports of goods rose by 15.8 percent, and total imports by 6.1 percent. In absolute terms, imports came to 4.24 billion and exports to 2.54

    6%

  3. Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent. Private consumption is forecasted to rise by 1.1 percent and exports growth to slow to 5.8... in September. These fiscal interventions total 910 million euros, nearly evenly split between lowering... by 298 million euros to 16.8 billion. Expenditure will stay broadly stable, up by 1.1 percent

    6%

  4. Newsletter 200 -29/03/2019

    Newsletters

    an increase in the total amounts owed by taxpayers from 183 billion euros in 2014 to 223 million euros now.... On an aggregate basis, total state budget revenues came to 8.46 billion euros, bettering the target... 2017, consumer confidence has improved notably by 20.5 points. Industry confidence fell by 1.1 points

    6%

  5. Travel balance falls by 65.9 pct in August as 10.5 bln in receipts vanish in aggregate
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to around 200 arrivals. In total, arrivals from the EU 27 countries fell by 68.4 percent YoY to 1.3 million . Those from euro-denominated areas fell by 53 percent to 1.1 million. The sharp drop in travel... from non-euro countries within the EU 27 fell by 78 percent to 1.1 million. Arrivals from outside

    6%

  6. NBG reports profits of 833 mln in 2021
    Photo by MacroPolis

    EconomyBanking

    million, from 1.1 billion in 2020, was up by 4 pct at 1.5 billion euros. Asset quality NPEs continued... trading income in 2021 was 404 million euros, down by 63 pct from 2020, when it amounted to 1.1 billion... that reflected improved profitability. The total capital ratio reached 17.5 pct, comfortably exceeding

    6%

  7. Finance Ministry costs new support package, but questions remain over electricity subsidies
    Photo via www.government.gov.gr

    Economy

    billion euros, out of the total 13.2 billion euros energy support package. This was split between 4.1 billion euros for households and 6.5 billion euros for firms. The total 5.5 billion euros package... of extraordinary support, 1.1 billion euros of which is related to the energy crisis. The Finance

    6%

  8. Strong set of 2024 fiscal data provides space for voter-friendly handout package
    Photo via https://flic.kr/p/GG7K6F

    EconomyMacroeconomy

    of a surprise handout package worth 1.1 billion euros in support and public investments. The methodology..., are factored into government finances. Last year, Greece had a total surplus of 3.18 billion euros..., or 4.8 pct of GDP. Central government contributed 2.05 billion euros to the total surplus, with local

    6%

  9. General gov't primary cash surplus shrinks in first half of 2015 as state arrears grow

    EconomyMacroeconomy

    budget widened by more than 1.1 billion euros to 1.72 billion in the 6-month period and remained... and 573 million YtD to 2.34 billion in June. This corresponds to around 44 percent of total arrears... to 1.11 billion making up around 21 percent of total. State budget arrears reached 601 million

    6%

  10. General gov't primary cash surplus widens notably to 4.84 bln by October

    EconomyMacroeconomy

    a primary cash surplus of 1.1 billion euros, down 11 percent from last year, with October showing... million. The outstanding stock currently stands at 2.73 billion, making up 46.6 percent of total arrears. Hospitals’ arrears amount to 1.19 billion euros and accounting for 20.3 percent of total. They have

    6%