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Newsletter 161 -11/05/2018
Supervision announced on Saturday the results of the 2018 stress tests for Greece’s four systemic banks... billion, stems from tax categories. The remainder is related to the four key taxes. The total number... year was the first where there was a consumer price rise after four years of deflation. The positive
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Retail sales up by 1.2 pct in March on higher activity in dept stores, clothing
EconomyMacroeconomy(ELSTAT) on Thursday. The headline index has been growing in three out of the last four months that data... in three of the last four months. Compared to March 2017, the main rises in turnover were observed... the end of last year. Retail trade confidence dropped by four points to 6.2 following a strong rise
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General govt primary cash surplus at 2.42 bln in April, arrears fall by 66 million
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus amounted to 2.42 billion in the first four... that in the first four months of the year, revenues rose by 388 million year-on-year to 24.36 billion...-on-month falls were noted in four out of the six subcategories. The biggest fall came from SSF arrears
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New overdue taxes rise by 599 mln in April, total stock continues to grow
EconomyMacroeconomyincrease is the lowest since July 2015. The aggregate figure for the first four months of the year... to the four key taxes. The Ministry of Finance reported tax revenues of 13.09 billion euros in April, which means that for every 3.27 billion of taxes collected per month in the first four months
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April current account deficit at 1.34 bln as goods deficit grows
EconomyMacroeconomyin the first four months of the year. The worsening of the deficit was driven by a deterioration... percent and the secondary income balance by 16.7 percent in the first four months of the year... the corresponding liabilities grew by 1.2 billion. In the first four months of the year, portfolio investments
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Travel balance down by 29 pct in April as receipts slump
EconomyMacroeconomyvisitors fell by 3.4 percent to 378,800. The aggregate figures for the first four months of the year... increased by 6.2 percent in the first four months of the year while visitors from Russia fell by 22.6... by 11.1 percent in April, and by 17.6 percent in the first four months of the year. In December
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Newsletter 172 -27/07/2018
extremely difficult. All four officials insisted that the emergency services and everyone else involved... that all four officials involved argued that while some mistakes may have been made, the response from... in the highly speculative category but four scales away from investment grade at ‘BBB-‘. According
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Greek banks push for return to normality
EconomyBankingto be an issue. This was followed by news that Greece’s four systemic banks were anticipating that between... in the form of an agreement between Greece’s four systemic banks and Italy’s doBank S.p.A.... sector was making a push for increased liquidity in the corporate sector, with the country’s four
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Tsipras and Mitsotakis gear up for economy pledges, with eyes on fiscal targets
PoliticsGreek Politicsyears. The government’s intention to set out relief measures for the next four years, rather than... next May. Setting out the measures over a four-year period not only means that the volume... contributions from 20 to 15 percent over a four-year period. The New Democracy president has said he will try
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Council of Europe report warns over austerity-inflamed inequality in education
Society. The report was compiled from a visit to Greece by the Commissioner during a four-day visit in June... for four year olds in Greece in 2015 according to the European Commission. However, the government is proposing making pre-school compulsory for four year olds, which would increase attendance rates
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