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  1. Five-month budget primary surplus of 2.27 bln, revenues outperform in May

    EconomyMacroeconomy

    . On a monthly basis, the budget execution displayed a primary deficit of 448 million euros in May, from a surplus of 43 million in April, mainly reflecting a deterioration of the PIB balance in May. The state... (before tax refunds) strongly rebounded by 15.5 percent in May after dropping in the preceding two

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  2. Jan-May travel balance of 1.78 bln beats same period in 2019
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 1.19 billion euros in May, accelerating from the 432.1 million euros in April, according to Bank of Greece (BoG) data released on Friday. May’s balance was significantly higher than the 144.7 million euros registered in May 2021. It was also higher than

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  3. General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop

    EconomyMacroeconomy

    euros, meaning that the gg deficit has widened by around 1 billion in May, mainly reflecting state budget and social security funds’ deficits of around 800 and 200 million respectively in May... billion euros at the end of May from 5.23 billion at the end of April, implying a modest drop of 1.8

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  4. Unemployment at 27.2 pct in May, hardly changed from previous months

    EconomyMacroeconomy

    The seasonally adjusted jobless rate slightly fell to 27.2 percent in May after remaining unchanged...). The evolution of the May headline figure reflects a 0.6 percent month on month (MoM) rise... in May, decelerating from the 0.8 percent drop recorded in April. The May YoY rate is the second lowest

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  5. Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln

    EconomyMacroeconomy

    of 978 million. In particular for May, primary deficit stood at 597 million compared to a target of 246...) fell significantly by 23.6 percent in May to 2.92 billion, its lowest reading so far this year... target 1.05 billion in May. According to MoF, almost two thirds of the underperformance in May

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  6. Economic diversification vital to Greece's post-coronavirus future
    Photo via https://flic.kr/p/2dqKrWG

    Agora

    was acquired by Daimler, or Nanoradio acquired by Samsung), targeted tax breaks aimed at significant

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  7. Stress mounts ahead of ECB's tests on Greek banks
    Photo by MacroPolis

    Economy

    at the meeting. The Greek finance minister was cited stressing that, if adopted, two assumptions that may... at the baseline, which was the binding scenario for capital shortfalls, and 9.4 billion under the adverse... reservations regarding the BoG stress test outcome. The first relates to the binding scenario with IMF noting

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  8. Newsletter 59 - 22/01/2016

    Newsletters

    . The next privatisation projects include the submission of binding bids for the full sale of rail... having adopted the bailout and agreed to implement it, appears to be having a binding effect. Tsipras... to be out of touch with reality, hopeless optimists or liars. SYRIZA’s promise of hope may have emanated

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  9. Newsletter 74 - 20/05/2016

    Newsletters

    and Eurobank announced they have reached a binding agreement with KKR for the management of NPLs... for the whole year. The most crucial development next week involves the Eurogroup in Brussels on May 24... of provisioning, thus binding up valuable capital that could otherwise be lent to the real economy. Two

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  10. First phase of process to find strategic investor for ADMIE completed

    Economy

    (China Southern Power Grid) may not fall within this category. PPC will review the submitted... of the process, which includes a due diligence and the submission of binding offers by the end... will announce by October the date for submission of binding offers for the sale of all PPC shares in ADMIE

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