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Newsletter 155 -16/03/2018
when Athens and its lenders will be looking to wrap up the third programme at the end of June... for the month showed that ELA funding made up around 59.9 percent of the total liquidity. The BoG figures... Production Index (IPI) declined by 1.7 percent in January after December’s growth was revised up
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Green light for next bailout funds as Commission stands ground on post-MoU scenarios
EconomyProgrammeand at the same time as the pension cuts lined up for next year, without the implementation of any... and that it is up to the IMF to decide whether this will be enough for it to join the programme... view that a precautionary credit line would not be needed if Greece builds up a cash buffer
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Greece's immediate focus on prior actions and growth plan
EconomyProgrammeand the submission of the new growth plan to the institutions. Both issues are high up on the agenda... in the Thessaloniki Port Authority (OLTH) is due to officially take up the reins following a handover.... The consortiums that have submitted bids are made up of Snam (Italy), Fluxys (Belgium) and Enagas (Spain
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Budget primary surplus confirmed at 2.75 bln in February
EconomyMacroeconomyof 2018, up by 28.9 percent against last year’s figure of 2.14 billion euros, the Finance Ministry... billion euros, up substantially against the balance for the same time last year (434 million... to 4 million euros, up by 1 million against January’s figure, and below target by 4 million euros
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Job hirings outpace departures by 55,494 in March
EconomyMacroeconomypercent were layoffs. Full-time hirings edged up to 48.9 percent of the total. Part-time and shift work made up 38.6 percent and 12.4 percent of hirings in March, respectively. For the first three... remained in favour of part time and flexible work, which made up 53.3 percent of the total.
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Greece seeks better relations with Albania as wariness of Turkey grows
PoliticsForeign PolicyGreece is stepping up its efforts to improve relations with neighbours such as Albania so it can... Minister Panos Kammenos publicly claimed that the two could face up to 15 years in prison. The Prime..., Athens is trying to tie up loose ends with its other neighbours. Apart from the ongoing
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New overdue taxes jump by 2.01 bln in Feb, total stock climbs to 101.12 bln
EconomyMacroeconomystands at 2.78 billion euros, up by 6.6 percent against the figure for the same time last year (2.62... lenders have also stressed the importance of stepping up collectability rates this year. Earlier... up 89.2 percent, or over 89 billion, of the overdue tax balance. It was also noted in the report
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Budget primary surplus confirmed at 2.37 bln in March, above target by 1.27 bln
EconomyMacroeconomymonths of 2018, up significantly against last year’s figure of 1.07 billion euros, the Finance Ministry... balance in the first three months of 2018 recorded a surplus of 454 million euros, up substantially..., and beating the target by 1.27 billion euros. Revenues Monthly gross revenues edged up by 0.3 percent
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Extra taxation did not increase revenues in 2017
EconomyFeatures(ELSTAT) provisional fiscal data for the period from 2014 up to 2017, showed that general government... in revenues from social security contributions which went up by 1.03 billion year-on-year to 25.94 billion... investment budget will be 3.56 billion, up from 3.18 billion in 2017. Expenditure will be significantly
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Which way to the exit?
Agoraabsence of prudent liability management, had allowed debt maturities to pile up during the most... is removed from the picture, debt maturities up to 2025 barely exceed 10 billion euros annually... to significantly high primary surpluses of 3.5 percent up to 2022, which translate into a figure of over
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