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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomypercent in June to 575 million well below the previous months’ figures ranging between 0.9 – 1... of the full year (FY) target. Overall, the actual figure of total grants to social security sector... below the FY target namely: 1) Grants to Manpower Employment Agency (at 21.3 percent of the annual
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Newsletter 37 - 31/07/2015
see Greece being on course for a primary deficit of 1 percent of GDP this year, compared to the last forecast for a 1 percent surplus. Beyond that, the various parties have to get down to discussing... and Entrepreneurship (ESEE) on the first ten days after the imposition of capital controls found total retail
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomy(PIB) revenues, which grew by more than 1 billion euros from last year, coupled with an increase... billion. Thus, we conclude that the total revenue outperformance is attributed to the non-tax...: 1) Grants to hospitals (at 156 million corresponding to 9.6 percent of the full-year target of 1.63
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammeactions by June 1, before the meeting of the ECB Governing Council on June 2, which is expected... for development and management of the total area of 6 million square meters for 99 years. Houliarakis said... banks would benefit from lower funding costs for a total liquidity amount of 6-7 billion. It is worth
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Newsletter 111 - 17/03/2017
. The IMF has demanded a reduction in the tax-free threshold, aiming for additional revenues of 1... in December, to stand at 4.17 million in January. Overall, the total stock of overdue taxes, including... figure of 95.29 billion, mostly reflecting write-offs and revenue collection from confiscations. 2
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Unemployment rate edges down to 21.1 pct in Q2, lowest since Q4 2011
EconomyMacroeconomyunemployed (over 1 year) fell to 752,000 for a second straight quarter. Out of the total, long-term..., the jobless rate has declined by 2 percentage points (pp) from the Q2 2016 figure of 23.1 percent. This change was driven mostly by a fall in the number of unemployed by 95,500 to 1 million, along
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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomylow at 20.1 percent in 2017 versus the 34.9 percent EU average. The report concludes that every 1... 1 ppt increase of card use as a share of private consumption increased VAT revenues by 1.4 ppt between 2015-2017. Total card use penetration had a significant positive effect on tax compliance
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Contraction of 0.1 pct in Q4 sees 2018 GDP fall slightly below target at 1.9 pct
EconomyMacroeconomyquarter (Q4) of 2018 after an upwards revised increase of 1 percent in the previous quarter... 89 percent of the total figure in Q4, with private consumption representing 68.1 percent of the headline GDP number. Government spending represents around 20.8 percent of the total. The latest budget
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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBankingon the net loss of 1 million euros noted in Q4 2018. The net profits in Q1 2018 stood at 65.2..., with the NPE coverage ratio standing at 47 percent for the group. The bank listed a total of 4.7 billion euros... platform. A total of 401 auctions were carried out in Q1, with a success rate of 32 percent. P&L
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Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Economyat a yield of 0.23 percent. The coverage of the early July issue was 1.61 times with total offers exceeding 2..., Greece could issue 26-week T-bills just short of 1 percent with the eight issues of this duration... for the 52-week T-bills, which closed 2018 with a yield of more than 1 percent, to drop under 0.5 percent
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