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Reflections on Greece's balance of payments

Fri, 28 Oct 2022 08:32:00 GMT

: consumption (C), investment (I), exports (X), and imports (M). Thus, when demand is equal to supply: Y = C + I + X - M. X - M describes the exports to abroad of what Greece produces in goods... domestically (including energy such as crude oil and natural gas). The balance X - M is called the “foreign

Employment data for 2021 shows 88.3 pct of firms have up to 10 staff, 1 in 5 workers earns below 500 euros

Tue, 22 Feb 2022 11:00:00 GMT

of 12,479. A portion of 88.3 pct employs between 1-10 staff, with another 10 pct of companies employing up to 50 staff. The total of Greek firms employing less than 50 employees stands at more than 98 pct. The figures are in line with the 2020 data, when 88.5 pct of companies hired under 10 staff

General govt primary cash deficit of 7.46 bln in June, arrears drop by 10 mln

Fri, 04 Sep 2020 11:15:00 GMT

euros was seen in T-bills, making up 3.6 percent of the total. Bonds showed a rise of 2 million... euros, bringing the total figure to 131 million euros. The equivalent figure for the same time last..., where the total came to 189 million compared to 193 million last year. An increase was noted

Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth

Tue, 22 Nov 2016 06:15:00 GMT

upward revised to 2 percent of GDP from 1.8 percent in the draft budget, above target of 1.75..., of which 2.6 billion refer to 2017. The most significant revenue interventions in 2017 with a total anticipated impact of 2.45 billion relate to: 1) Income tax reform (716 million) 2) Change in rates

Tourism could give economy annual 5 bln boost, NBG report finds

Wed, 02 Aug 2017 11:31:00 GMT

Tourism could generate an additional 5 billion euros for the Greek economy annually, according... witnessed in other business sectors. The figure of 5 billion euros in extra tourism revenues is based... a similar rise in revenues. Revenues In the last 10 years according to the report, the average tourist

Opposition tries to pin government down over last year's Plan X

Thu, 07 Jul 2016 13:52:00 GMT

with the so-called Plan X that former Finance Minister Yanis Varoufakis worked on during the first half... a range of government officials, Plan X was never intended as a blueprint for Greece to follow... an institutional role. The government’s assertion that Plan X does not hide any dark plans

Newsletter 10 - 09/01/2015

Fri, 09 Jan 2015 13:06:00 GMT

an overall majority. on the total support for the parties that fail to pass the 3 percent threshold. If the percentage gained by small parties totals 5 percent, for example, the winning party would need 38.4 percent to take 151 seats. If the total support for parties not entering Parliament reaches 10

China’s Footprint in Southeast Europe: Constructing the "Balkan Silk Road"

Fri, 29 Sep 2017 09:46:00 GMT

as Serbia’s export destination. [2] The share of Chinese investment (Hong Kong included) in total FDI... was the country’s fourth largest trading partner in 2016 (treating the EU-28 as one partner), reaching a total... Stock Corp. Electric locomotives Not available Ongoing Supplementary investment to 2014 Total 640

General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec

Mon, 06 Feb 2017 07:30:00 GMT

Greece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion... of total expenditure with compensation following suit at 15.78 billion accounting for almost 20 percent of the total figure. Arrears Arrears to the private sector (including tax refund arrears) posted

New overdue taxes jump by 2.01 bln in Feb, total stock climbs to 101.12 bln

Tue, 17 Apr 2018 08:46:00 GMT

Greece’s new tax debt jumped by over 2 billion euros in February, growing sharply from an increase... rose by 2 billion.. New unpaid obligations from tax categories rose by 1.91 billion, overturning... from January’s total of 1.30 billion. Income tax due declined sharply to stand at 17.2 million euros