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Lenders set to keep coalition waiting for answer on pension cuts
PoliticsGreek Politics, mainly via its managing director Klaus Regling, has been trying to strike a balance by not ruling... to retirement pay is more than just an economic matter for Prime Minister Alexis Tsipras... for proceeding with the measure. The IMF’s spokesman Gerry Rice was very clear about this point during
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August employment balance positive by 3,111
EconomyMacroeconomyThe employment balance turned positive in August with 3,111 more hirings than firings, data from..., there were 10,859 more hirings than firings in August 2019. The data showed that August’s positive balance... there were 6,579 more hirings than firings. This was followed by those aged 30-44 with a positive balance
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Budget primary surplus of 1.19 bln in Jan markedly better than target
EconomyMacroeconomyby 886 million due to lower primary expenditure (by 438 million) and PIB balance outperformance (by 420 million) more than offsetting revenue underperformance of 69 million. The state budget balance... million lower than target. As a result, net revenues rose by 4.7 percent to 3.65 million, almost spot
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Travel receipts more than double in 2021, arrivals at 47 pct of 2019
EconomyMacroeconomybeing significantly higher than the 2.2 million euros recorded in December last year, the latest balance is even higher than the 28.6 million euros recorded in December 2019. Receipts came to 176.6...Greece’s travel balance recorded a surplus of 64 million euros in December, from a surplus of 173.8
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Travel surplus of 60.8 mln in Jan substantially higher than a year earlier
EconomyMacroeconomy’s balance was significantly higher than the 1.7 million euros recorded in January 2021, However, lower than the 97.7 million euros during the same month in 2020, before the pandemic outbreak. Receipts...Greece’s travel balance recorded a surplus of 60.8 million euros in the opening month of 2022, from
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Newsletter 478 - 03/10/2025
from the combination of the severe recession and banks tightening credit as their balance sheets... started picking up. FDI in real estate went from less than 100 million euros per quarter during 2017... to a near two-year low amid vendor discounting. Firms raised selling prices modestly, with one
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomyexpenditure coming in 2 billion lower than target, while revenues beat target by 640 million. The monthly primary balance remained positive for the third successive month at 201 million in August from 1.08... to 1.04 billion euros, 2.84 billion better than target. Revenues Revenues (before tax refunds) rose
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Hirings turn positive, but with low balance, in Feb
EconomyMacroeconomyGreece’s employment balance turned positive in February with 15,189 more hirings than departures... balances in five of the last seven months, with February being the first positive balance since... balances except for the over 64-year-olds. The highest balance was in the 30-44 age group with 4,355
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Primary cash surplus more than doubles to 2.8 bln in first half of 2016
EconomyMacroeconomy. The monthly balance figure also remained positive at 101 million euros in June but more than halved from last year’s surplus of 238 million. Similarly, the net balance of the central government also... deficit stood at 318 million more than doubled from last year’s figure of 147 million. The improvement
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Net job hirings balance negative by 16,542 in January
EconomyMacroeconomy, with 5,473 more departures than hires. The smallest negative balance came from those aged over 64, with 360 more departures than hires. For the remaining age groups, the balance was negative by 4,546 for those...The employment balance turned negative in January as departures outpaced hirings by 16,542
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