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

    EconomyMacroeconomy

    . On a monthly basis, the budget execution displayed a primary deficit of 448 million euros in May, from a surplus of 43 million in April, mainly reflecting a deterioration of the PIB balance in May. The state... (before tax refunds) strongly rebounded by 15.5 percent in May after dropping in the preceding two

    22%

  2. Jan-May travel balance of 1.78 bln beats same period in 2019
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 1.19 billion euros in May, accelerating from the 432.1 million euros in April, according to Bank of Greece (BoG) data released on Friday. May’s balance was significantly higher than the 144.7 million euros registered in May 2021. It was also higher than

    22%

  3. General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop

    EconomyMacroeconomy

    euros, meaning that the gg deficit has widened by around 1 billion in May, mainly reflecting state budget and social security funds’ deficits of around 800 and 200 million respectively in May... billion euros at the end of May from 5.23 billion at the end of April, implying a modest drop of 1.8

    21%

  4. Unemployment at 27.2 pct in May, hardly changed from previous months

    EconomyMacroeconomy

    The seasonally adjusted jobless rate slightly fell to 27.2 percent in May after remaining unchanged...). The evolution of the May headline figure reflects a 0.6 percent month on month (MoM) rise... in May, decelerating from the 0.8 percent drop recorded in April. The May YoY rate is the second lowest

    21%

  5. Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln

    EconomyMacroeconomy

    of 978 million. In particular for May, primary deficit stood at 597 million compared to a target of 246...) fell significantly by 23.6 percent in May to 2.92 billion, its lowest reading so far this year... target 1.05 billion in May. According to MoF, almost two thirds of the underperformance in May

    21%

  6. Mentioning the war so we don't have to mention the war

    Agora

    moment for Greece to raise this issue?” German historian Hagen Fleischer, one of the leading

    21%

  7. Greek pensions laid bare
    Photo by MacroPolis

    Agora

    pensions amounts to 884 euros. Note, though, that for around 45 percent of pensioners their monthly... and they receive on average monthly pensions of 771 euros. This is below the overall average of 884 euros since

    21%

  8. Budget approved as party machinations intensify
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    MP Haris Theoharis joining New Democracy. The main importance of this move is that Theoharis was one... into the conservative parliamentary group means that Tsipras can no longer count on Theoharis’s support. Speaking to News247 radio on Wednesday, Theoharis said he will continue to favour the Prespes

    21%

  9. First challenges for tourism plan, as public relaxes approach to virus
    Athens Airport metro

    PoliticsGreek Politics

    to normality as fear of the virus subsides. On Wednesday, Tourism Minister Haris Theoharis answered... to international flights. Theoharis clarified that the list applied to specific airports designated as low-risk by the EU’s Aviation Safety Agency EASA, and would be under constant review. Theoharis stressed

    21%

  10. Greek retail sales dive 8.5 pct in May after brief rise in April
    Photo by MacroPolis

    EconomyMacroeconomy

    The turnover of Greece’s retail trade index resumed a negative trend in May dropping by 8.5 percent... Agency (ELSTAT). Similarly, retail volume fell 3.8 percent in May from a rise of 7.1 percent posted in April. The rate of drop in May retail turnover indicates the highest negative reading since

    21%