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S&P moves Greece closer to investment grade, puts focus on budget and growth
Economyof significant deficits and pushed up the debt-to-GDP ratio to above 200 pct, S&P now sees the Greek... that the monitoring after the enhanced surveillance period ends in August will focus on budget... consideration if reforms continue, and the budget and growth performance is better than expected. On the other
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Cost of living remains public's top worry, as government slashes green transition budget
PoliticsGreek Politicsthe opposition. The government, meanwhile, has signalled plans to halve the budget for its green transition... transition up to 2030 halved from 200 bln euros in the last version to 100 bln euros. According..., noting that it views some green technologies as too expensive for the budget to sustain. The new draft
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Newsletter 22 - 03/04/2015
consideration of 150–200 Senior government figures have said the country has enough cash to cover its..., ahead of their recapitalisation. The remaining amount of 310 million concerns the 90 percent of HFSF... may utilise this additional 200 million. It remains unclear whether other state agencies will proceed
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingquarter-on-quarter (QoQ) to 165 million. Compared to H1 last year, PPI rose by 26 percent to 310 million... million. A portfolio of real-estate backed non-operating corporate loans worth 200 million..., unchanged QoQ with a cost of risk of 140 bps. In H1, the loan impairments came to 200 million
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Revenues at 4.77 bln in Oct, beating target for fourth straight month
EconomyThe final budget execution to October confirmed preliminary figures, released by the Ministry... Budget (PIB) expenses. As a result, a Jan-Oct primary surplus of 1.09 billion and a budget deficit... - budget targets for the full year, securing the ultimate target of reaching a general government (gg
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Drop in revenues drives Jan central government primary cash deficit to 149 mln
EconomyMacroeconomy2015 from surplus of 812 million last year, according to the Bank of Greece (BoG). The central... items presented by the Ministry of Finance (MoF) in the budget execution bulletin are calculated... to 3.13 billion euros in January from 4.47 billion last year. The MoF preliminary budget data
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Greek primary surplus at 400 mln to Oct but arrears keep piling up
EconomyMacroeconomyEAP terms and comparable to the government’s estimate of 812 million for the whole year 2013... by the troika. The state budget is the key element in the reported gg balance evolution. There is an important difference compared to the budget execution released for the same period, which relates to a cash
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Newsletter 285 - 19/02/2021
investment budget came to 4.24 billion euros. Net revenues came to 3.85 billion euros, below target by 812.... Budget off to rocky start in January Amid crisis-fighting, MoF presses ahead with plans to lure wealth to Greece The budget primary balance recorded a deficit of 1.47 billion euros in the first month
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Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammebanks to the Hellenic Financial Stability Facility (HFSF) in 2012 and 310 million from its cash reserves. The first amount will be recorded in April’s state budget execution revenues. We understand... be reported in March’s budget execution revenues. The newspaper also noted that March revenues were
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Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
EconomyProgrammea threshold of 187.5 percent of the country’s quota have a 200 basis points surcharge, while credit..., which carries an interest of 4.9 percent and the prepayment will save the budget approximately 70
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