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Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln
EconomyMacroeconomyin the preliminary figures released on November 13, October revenues were in line with the target, while... target to be met, despite some seasonal taxes such as road tax fees of 1.1 billion due to paid... of the sub-tranche of 2 billion on November 24 is expected to improve the state’s liquidity and according
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2015 primary surplus exceeds target as revenues outperform and expenditure is reined in
Economystraight month by 13.2 percent in December, from 14.6 percent in November. The absolute figure landed... year, yet they were slightly short of the 1.1 billion target. December reported revenues were 1.03... billion in November and December respectively. Interest payments advanced 22.7 percent in December
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EC sees resilience in Greek economy, urges additional measures in 2016 and 2017
Economyand contraction of 0.7 percent in 2016. The previous EC estimates last November saw a recession of 1.4... in November), easing to 24 percent in 2016 (from 25.8 percent). This largely reflects the lagged effects.... In addition, the EC stresses that although the 2016 budget envisages additional savings of 1.1 percent
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammedisbursed last August, 2 billion in November and another 1 billion in December. In addition, another... in November), on top of the 1.6 billion of subsector deposits that have already been used through repo...-tranche, 1.1 billion will be used for debt servicing and 1.7 billion for arrears’ clearance. The latter
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Economic sentiment and consumer confidence rebound by more than 2 pts in Dec
EconomyMacroeconomypoints in November, European Commission (EC) figures showed on Friday. The headline figure... in November. The industry confidence indicator also improved by 2.1 points to -5.7 in December, but only... points posted in the previous two months. The retail trade confidence indicator also dropped by 1.1
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Newsletter 134
the Medium Term Fiscal Strategy (MTFS), led by 1.1 percent growth in private consumption and a 1... figure is the lowest level recorded since November 2011 There was an increase of 13,283 people employed... means that the jobless rate now stands at its lowest level since November 2011. The overall labour
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Sub-tranche released but PPC poses key challenge in review
EconomyProgrammeof November, when the institutions’ mission chiefs are due to return to Athens. Their return date is set for November 27, giving them several days to assess whether there are grounds for a staff-level... 1.9 billion euros and that around 1.1 to 1.2 billion of this will be redistributed. SYRIZA-friendly
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Newsletter 143
targets submitted last September to the Single Supervisory Mechanism (SSM) of the ECB by 1.1 billion... November 2011 after slight upward revision for September The government has revised unemployment... figure brings the jobless rate to the lowest level since November 2011. In September, an increase
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Thessaloniki Port Authority contract signed, Hellenikon takes another step
EconomyProgrammeeuros. Overall, the total value of the privatisation is expected to generate 1.1 billion euros... was raised by the consortium in November of this year. Following the decree, the next steps for the project... by privatisations up to November 2017.
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Budget primary surplus confirmed at 1.94 bln in 2017 on expenditure fall
EconomyMacroeconomyNovember’s negative balance of 684 million. The full year budget balance for 2017 recorded a deficit... revenues fell by 1.1 percent year-on-year to 5.72 billion. The figure represents a rise compared to November’s gross revenues of 4.85 billion, and was the second highest figure for 2017 after September
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