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  1. Budget primary surplus of 2.68 bln in first quarter, but March trims outperformance

    EconomyMacroeconomy

    percent to 11.67 billion, outperforming target by 370 million fully attributed to the strong revenue... percent in the 3-month period to 762 million, almost in line with target. As a result, net revenues.... PIB Following a strong performance in the preceding two months, PIB revenues stood at just 32

    7%

  2. EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
    Photo by Stuart Chalmers via Flickr https://flic.kr/p/49JB98

    Economy

    by a positive net exports on the back of another year of strong tourism performance and positive... involve revenue administration reforms as well as revenue buoyancy in the aftermath of the strong

    7%

  3. Newsletter 74 - 20/05/2016

    Newsletters

    surplus of 2.38 billion, outperforming the target by 1.81 billion, largely on the back of a strong... with strong production characteristics, extroversion and making a contribution to the domestic economy... by posting a positive bottom-line result for the first time since Q3 2011. In specific, the bank’s net

    7%

  4. IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    concerns that undermine the assumptions for a strong economic recovery in the coming years. The first... 50 percent of GDP in net present value (NPV), of which 18-24 percent of GDP would stem from fixing... course. The Fund argues that upfront debt relief would send a “strong and credible signal to markets

    7%

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

    EconomyMacroeconomy

    outperformance is largely attributed to an ongoing strong underspend, with primary expenditure 2.06... by 501 million. Following the strong revenue performance in May, the aggregate figures.... As a result, net revenues edged up by 1.2 percent to 17.25 billion in the 5-month period, outperforming target

    7%

  6. BoG reveals medium-term economic forecasts, sees growth of 2.5 pct next year
    Photo by MacroPolis

    EconomyMacroeconomy

    of 2018. Following two recessionary years, the BoG estimates a strong GDP rebound of 2.5 and 3... receipts, while net sea transport receipts are seen heading south on the back of capital controls... is supported by strong tourism, positive prospects in services and trade companies, low wage cost and lack

    7%

  7. Newsletter 90 - 30/09/2016

    Newsletters

    by 2.77 billion on strong underspend and revenue overperformance. In specific, tax revenues rose by 7.1... billion since July 2007. Net deductions markedly rose to 904 million, which is the highest negative flow... it is more important to have a strong economic relationship with Russia than to be tough with it in foreign

    7%

  8. Budget primary surplus to Sept surges to 5.44 bln on solid tax revenues

    EconomyMacroeconomy

    from 640 million in the 8-month period. The strong performance in September is largely attributed... in the 9-month period, just 18 million below target. Overall, net revenues soared 52.4 percent in September.... Nevertheless, the recorded strong underspend mostly reflects: · Social protection (at 608 million

    7%

  9. IMF sets out its stall as review deliberations resume in Athens
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyProgramme

    , the IMF sent a very strong message regarding the Greek programme on Monday evening. In a blog post... that high pensions in Greece also act as an informal safety net, the IMF notes that evidence suggests... to Obstfeld and Thomsen The IMF also issued another strong message on labour market reforms noting

    7%

  10. Newsletter 102 - 13/01/2017

    Newsletters

    travel to Greece remains very strong for 2017, according to a report by the Institute of the Greek... of the Greek cruise market. New road motor cars dropped by 19.8 percent in December after a strong rise... net departures in the accommodation and food services sectors. Consumer price index plateaus

    7%