Search
-
Current account deficit narrows to 5.63 bln up to April, down 3 bln YoY
EconomyMacroeconomyGreece’s current deficit in April narrowed to 1.78 billion euros, from 2.4 billion euros in March, Bank of Greece (BoG) data showed on Tuesday. In April 2022, the balance showed a deficit of 1.66 billion euros, while in April 2021 the current account po...
44% -
VAT, income taxes help push May budget primary balance above target by more than 3 bln
EconomyMacroeconomyThe budget primary balance in May was confirmed to be a surplus of 2.3 billion euros, compared to a deficit of 1.49 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday. In the f...
44% -
Current account deficit narrows further in May, down by over 3 bln in first five months
EconomyMacroeconomyGreece’s current deficit narrowed to 1.65 billion euros in May, from 1.78 billion euros in April, Bank of Greece (BoG) data showed on Friday. In May 2022, the balance showed a deficit of 2.08 billion euros, while in May 2021 the current account posted a...
44% -
Economic sentiment unchanged in Dec, consumer confidence improves by 3 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) was virtually unchanged in December, falling marginally to 106 points, from 106.2 in the previous month, according to European Commission figures released on Wednesday. Over the rolling 12-month period, December’s ESI i...
44% -
Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May
EconomyMacroeconomyGreece’s industrial turnover turned positive in May, with a rise of 2.6 percent year-on-year (YoY), from a 9.2 percent decrease in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. This is the first positive rea...
44% -
Mitsotakis tries to stem subsidy scandal damage as opposition smells blood
PoliticsGreek Politicsbudget of around 3 billion euros. Mitsotakis again argued that this matter is the result of years... last week. The farming subsidy scandal appears to have cut through with voters, although no new... that the subsidy swindle, which appears to have been orchestrated on various levels, is just the latest in a long
43% -
Macroeconomic fundamentals for Greece
Agoraof the labor force. Figure 3 indicates the assumption that the unemployment rate can fall further... 175 percent of GDP; a fiscal balance of around minus 3 percent; the interest bill around 2½ percent, and the primary balance around minus ½ percent of GDP (Table 3). This would reflect a notable
41% -
A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economyprocess over a 7-year horizon with estimated revenues of 3 billion in the first year. This implies... body to manage private debt as well as the establishment of the new banks is projected at 3 billion... are estimated at 3 billion euros from the first year refraining from providing details on specific
38% -
Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammestudies. 3) Abolition of tax breaks for farmers, including the reduction by 50 percent of the subsidy... in the national health system (ESY). Media reports also indicate that recession may reach 3 percent this year... with a 3-month maturity. 3) Payments to the IMF of 1.57 billion euros due in September. 4
36% -
What is in SYRIZA's 3-pillar programme to overcome the crisis?
Economy30,000 apartments with a rent subsidy of 3 euros per square meter (54 million). 7) Abolition... earning up to 700 euros gross per month (543.1 million). 3) Free access to the public health care... at 5,000 euros) to pre-crisis levels at 12,000 euros with an estimated cost of 1.5 billion. 3
35%