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  1. Tax revenues continue to outperform in Aug, as ministry explains frugal approach
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance came to a surplus of 5.59 billion euros in August, compared to a surplus of 19 million euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. In the first eight months of the year, the budget

    2%

  2. Current account deficit shrinks to 7 bln in 7 months as energy and imports ease
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    Greece’s current account produced a surplus of 827.5 million euros in July, from a deficit of 638.2 million euros in June, Bank of Greece (BoG) data showed on Wednesday. In July 2022, the balance showed a surplus of 962.7 million euros, while in July 2021 the current account posted a surplus

    2%

  3. Industrial turnover drops by 10.2 pct in Jul, driven by foreign markets and manufacturing

    EconomyMacroeconomy

    Greece’s industrial turnover remained in contraction in July, dropping by 10.2 percent year-on-year (YoY), from a 16.3 percent decrease in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. This is the fourth successive annual drop, something not seen

    2%

  4. Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling

    EconomyMacroeconomy

    The output index in agriculture recorded an increase of 28.7 percent year-on-year (YoY) in July, from 30.6 percent in the previous month, ELSTAT data showed last week, underlining the challenge households are facing with respect to food prices. Agriculture and Livestock output prices have been

    2%

  5. Controversial labour law set to usher in radical changes to employment practices
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    practices by employers. It cited data showing that Greek workers have the longest average working week

    2%

  6. Travel balance to July soars by 19 pct, reaching almost 9 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 3.88 billion euros in July, from 2.73 billion euros in June, according to Bank of Greece (BoG) data released on Thursday. July’s balance was roughly 14 percent higher than the 3.41 billion euros registered in July 2022. The balance in July 2021 was 2.16

    2%

  7. Newsletter 394 - 22/09/2023

    Newsletters

    coverage of tax returns data in the local media, with special focus on the self-employed, where seven

    2%

  8. Budget overperformance in Aug fuelled by VAT and income tax, spending significantly contained
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance in August was confirmed at a surplus of 5.6 billion euros, compared to a surplus of 19 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday. In the first eight months of the year, the budget

    2%

  9. Building activity continues to grow, rising by 13 pct YoY in Jun
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits recorded solid growth in June, rising by 13 percent year-on-year (YoY), after a rise of 15.8 percent in May, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. Permits have been growing annually this year except in February, which saw the first

    2%

  10. PBO draws attention to effects of climate crisis on public finances
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    The Parliamentary Budget Office (PBO) has published its quarterly report, in which it confirmed that - based on data for the first half of 2023 - the Greek economy is on course to reach its growth outlook, although natural disasters over the recent months have clouded the growth and fiscal outlook

    2%