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Primary cash surplus to July falls to 2.4 bln, including arrears repayment of 1.1 bln
EconomyMacroeconomyGreece’s central government primary cash surplus fell by 607 million euros to 2.38 billion in the 7-month period of 2016 from 2.99 billion in the corresponding period last year, Bank of Greece (BoG) figures showed on Thursday. It is worth noting though ...
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Primary cash surplus almost halves to 1.1 bln in 2-month
EconomyMacroeconomyGreece’s central government primary cash surplus fell to 1.11 billion euros in the 2-month period of 2017 from 2.09 billion a year ago, Bank of Greece (BoG) figures showed on Friday. This year’s figure includes arrears’ repayments of 78 million. However...
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Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
EconomyMacroeconomyThe budget primary balance came to a surplus of 2.12 billion euros in June, compared to a deficit of 3.43 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday. In the firs...
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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomyby a net decrease in Financial Support Mechanism (FSM) loans (by 2.2 million). The rise in T-Bills stems... standing at 217.92 billion making up more than two-thirds (67.2 percent) of total debt. Note that total disbursements from the EU/IMF reached 226.5 billion at the end of 2014, of which 194.7 billion
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Greek banks' equity raising could keep official support to a minimum
Economytheir capital base by around 9.7 billion in total from private investors, of which 3.5 billion relates.... Eurobank The bank announced on October 29 a voluntary exchange offer for a total of 877 million... Fund (HFSF), while three private investors control a total stake of 34.5 percent. In particular
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General govt primary cash surplus at 5.93 bln in Dec, arrears fall by 584 mln
EconomyMacroeconomy7.33 billion last year to 5.51 billion in 2017. Revenue from taxes dropped by 2.2 percent to 47.40... billion while compensation of 16.22 billion euros accounted for 20.4 percent of the total. Arrears... and tax refund arrears by 11 million. Since the start of 2017, total arrears declined by 1.58 billion
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Greek health care spending in the spotlight
EconomyFeaturesaccepted a total of 50 million euros in kickbacks from the Greek subsidiary of the pharma giant..., Greece’s health care spending outpaced the country’s growth rate, with total expenditure on health... following 2009. According to Eurostat, total expenditure on health was cut by a third, between 2009
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingfrom 81 percent previously. Under new guidelines submitted by the bank, the total stock of NPEs... a total gross book value of 1.8 billion. Two further bad loan portfolio sales are also on schedule with a total gross book value of 1.7 billion euros. These are code named Project Nemo, which deals
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Newsletter 214 -12/07/2019
of their remarkable recent gains with the yield on benchmark 10-year bonds has settled around the 2.2 percent level...-on-year, the figure for those employed increased by 74,993 or a rise of 2 percent. Total employment... pct in June Sales increased by 8.8 pct in the aggregate period From January to June 2019, a total
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Central government debt rises 6.79 bln to 380.8 bln in Q1
EconomyMacroeconomya 2.2 billion-euro increase in repos, while T-bills increased 399 million euros. Financial Support... continue to make up the majority of the total, accounting for 64.2 percent. The value of FSM loans... showed that T-bills made up 59.9 percent of the total, followed by fixed bonds at 36.4 percent
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