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Budget
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EconomyProgramme
In 9th post-bailout review, EC sees reforms slowing due to pandemic The European Commission published on Wednesday the ninth post-programme report in the context of the enhanced surveillance agreed at the end of Greece’s third adjustment programme back in the summer of 2018.
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EconomyMacroeconomy
Retail sales drop by 8.6% in 2020 as e-shops prosper but many sectors suffer The complete picture of a dire year for the retail sector in Greece was captured on Tuesday when the Hellenic Statistical Authority (ELSTAT) released the full-year results for the sector.
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EconomyMacroeconomy
Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln The budget primary balance recorded a deficit of 1.47 billion euros in the first month of 2021, compared to a surplus of 495 million noted in January 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for January showed on Monday.
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Economy
Finance Ministry grapples with escalating cost of pandemic Finance minister Christos Staikouras announced on Monday that the cost of support measures for the economy in the first quarter alone will come to 5.9 billion euros – close to 80 percent of the amount budgeted for the whole year.
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Economy
Pandemic drove 28.4 bln of bank loans into moratorium last year The quantity of loans that went into moratorium last year from the end of March stood at 28.4 billion euros, according to an update from the Finance Ministry.
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EconomyMacroeconomy
Budget primary confirmed at deficit of 18.20 bln in 2020 The budget primary balance recorded a deficit of 18.20 billion euros in 2020, compared to a surplus of 5.02 billion noted in 2019, the final Finance Ministry (MoF) budget execution bulletin for December showed on Monday.
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EconomyMacroeconomy
Budget primary shows deficit of 18.20 bln in 2020, total deficit at 22.81 bln The budget primary balance recorded a deficit of 18.20 billion euros in 2020, compared to a surplus of 5.02 billion noted in December 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for December showed on Monday.
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EconomyMacroeconomy
Budget primary shows deficit of 13.75 bln in November The budget primary balance recorded a deficit of 13.75 billion euros in the first eleven months of 2020, compared to a surplus of 6.95 billion noted in November 2019, the final Finance Ministry (MoF) budget execution bulletin for November showed on Monday.
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EconomyMacroeconomy Budget primary shows deficit of 13.81 bln in November, above target by 1.48 bln The budget primary balance recorded a deficit of 13.81 billion euros in the first eleven months of 2020, compared to a surplus of 6.95 billion noted in November 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for November showed on Wednesday.
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PoliticsGreek Politics
Budget passed as govt pins hopes on vaccine rollout to get economy on track The 2021 budget was passed through Parliament on Tuesday night after five days of intense debate, allowing the government to now focus on the coronavirus vaccination programme that it hopes will be a catalyst for the economic recovery it expects next year.