Search
-
Shaping the post-programme narrative in Greece
Agorathe Eurogroup emphasised public sector reforms, for example, in the labour market; the opening up... government, is already shaping up as the major discussion point between Athens, Washington, Brussels... measure is a waiver for 2017 of a two percent step-up interest rate margin of a loan portion linked
3% -
Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
EconomyMacroeconomyGreece’s budget primary surplus jumped to 7.42 billion euros in the 11-month period of 2016, up... of 18.9 percent, but fell slightly short of target by 29 million. Indirect taxes edged up 1.4 percent.... For the 11-month period, primary expenditure edged up 1.6 percent to 36.49 billion euros, 847 million below
3% -
Industrial production growth slows to 2.3 pct in Nov
EconomyMacroeconomy, electricity production (which makes up around 21 percent of the total index) grew by 8 percent... water supply production edged up by 0.8 percent. In contrast, mining and quarrying production fell.... It has increased by 7.9 points within 2016. In addition, the Markit Manufacturing PMI edged up by 1
3% -
Job hirings of 11,132 in Dec; 2016 net hirings at record high since 2001
EconomyMacroeconomyOctober with flexible type of work making up close to 6 out of 10 hirings. The share of males among..., the employment balance for 2016 stood at 136,260, up by 36.7 percent from last year’s figure... and shift work accounted for 40.1 and 14.6 of total hirings, while full time employment made up 45.3
3% -
Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
EconomyMacroeconomy. For the whole year, primary expenditure edged up 2.2 percent to 42.22 billion, trimming previous... in December, while edged up 0.7 percent for the whole year and stood at 48.87 billion, 355 million lower... 1.57 billion in 2015, 258 million better than target. Summing up, the budget primary surplus
3% -
Primary cash surplus of 1.95 bln in 2016 including arrears’ repayment of 3.85 bln
EconomyMacroeconomyrepayment) edged up 0.6 percent to 5.85 billion in December, while also includes a one-off payment... in 2016 with net revenues up 6.9 percent to 49.8 billion, while expenditure edged up 0.7 percent
3% -
Higher number of firms and employees, increased average wage in private sector in 2016
EconomyMacroeconomywere employing up to 4 employees and nearly 9 out of 10 companies up to 10 employees. There were... part-timers, around 41 percent received a salary up to 1,000 euros, more than 20 percent between
3% -
An unfounded argument leaves Greece in limbo
Agorawith its eurozone lenders add up to a primary surplus of no more than 1.5 percent of GDP in 2018... this explanation is not backed up by the actual numbers. Trying to reconcile differences over... will not be held up by qualms about Greece requiring preferential treatment on the fiscal front given
3% -
Overdue contributions rise at accelerating pace of 615 mln in Q4, stock climbs to 17.54 bln
EconomyMacroeconomyincludes 127,086 debtors, up by 4,767 from the previous quarter. In addition, 24 percent of debtors...) that provided for the payment of overdue SSCs in up to 100 installments. Collection The SSC... collection stood at 820.2 million euros, up by almost 30 percent from 2015 and beat the target of 750
3% -
Greek households saw net financial wealth plummet by 37.5 pct during crisis
EconomyMacroeconomy. The portfolio breakdown reveals that in the pre-crisis period stocks made up 21.5 of total assets... and deposits, which made up 26.7 and 49.3 percent of total assets respectively in Q1 2014. However... 2014 as a result of both an increase in assets and a decrease in liabilities. It edged up to 46.6
3%