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Greece unveils MTFS seeing 4.2 bln primary surplus in 2014 but just under 2 bln fiscal gap in 2015-16
EconomyMacroeconomyexpenditure by 113 million in 2014-18 mainly reflecting the application of zero deficits in social... thereafter will mainly stem from real estate including the proceeds from the Public Power Corporation... proceeds for 2015 mainly involve revenues from the sale of Hellinikon, Athens International Airport
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CPI down 1.3 pct in April as Greece remains in deflation for 14th month
EconomyMacroeconomyfor the fourteenth straight month. On a monthly basis, the CPI slightly rose by 0.5 percent, mainly... percent in April mainly reflects drops in prices of miscellaneous goods and services (-5.1 percent... remains broadly unchanged over the past eight months and mainly reflects the reduction
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Greece's C/A deficit for March drops sharply to 44.4 mln
EconomyMacroeconomy, according to the Bank of Greece (BoG). The sharp drop mainly reflects a substantial rise... services. The travel surplus to March widened by 30 million to 73.1 million mainly arising from a 16.... On the flipside, March inflow is mainly attributed to a decline in residents’ holdings of foreign bonds
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Greek Jan-Apr primary budget surplus rises above 1 bln despite revenue shortfall
Economyto date outperformance mainly reflects lower primary expenditure (809 million) and higher Public... million short of target. The former mainly reflects lower VAT on fuel by 382 million and the latter... figure up 179 percent to 906 million, 431 million above target. This year’s growth mainly reflects
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingloan NII mainly due to deleveraging offset by lower deposit expense and funding cost. Deposit... YoY to 62.3 billion, mainly reflecting ongoing deleveraging particularly in the Greek medium... by 650 million euros within Q1, mainly reflecting 1 billion outflows of sight and savings and 400
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Greek deposits inch up in July, reaching 163.22 bln
EconomyMacroeconomymillion. Following July data, the year to date flow remains negative at 338 million euros, mainly... of outflows in these two sectors was posted in January and July and was mainly due to the payment of tax... billion euros in the 7-month period. This mainly stems from the replacement of ECB funding by interbank
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WEF report highlights weakness of Greek institutions and challenges of recovery
Economy(71st from 127th). The latter mainly results from developments in the labor market that have been.... These mainly involve a weak performance of institutions, which rank low in terms of government efficiency (129th), while financial market ranking (130th) has not yet recovered. The latter is mainly
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Value of HFSF participation in Greek banks falls to 17 billion
EconomyBankingposted in Q1. The revaluation loss of 3.5 billion in H1 mainly stems from unrealized losses of 2.64... noted that the recovery value mainly incorporates the current value of HFSF shareholdings in banks.... In contrast, the difference of current equity to capital mainly reflects a loss of 11.3 billion euros
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August sees third Greek C/A surplus in a row, reaching 1.82 bln
EconomyMacroeconomyof Greece (BoG). The significant improvement mainly reflects an increase in the services’ surplus by 425... in the services’ surplus by 17.4 percent is mainly owed to higher net travel receipts followed by hiking net... outflow of 4.9 billion, mainly reflecting a decrease in non-resident’s investment in Greek
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Greek retail turnover advanced for the third straight month, 4.5 pct in August
EconomyMacroeconomypositive reading since June 2010. The stronger growth in August mainly reflects a double-digit rise... (MoM), while the respective volume figure also increased by 5.7 percent. The MoM evolution mainly... turnover plunged 21 percent, mainly reflecting a nosedive in excess of the 40-percent mark
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