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Budget primary shows deficit of 7.01 bln in September

Mon, 26 Oct 2020 11:18:00 GMT

The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months... for September came to a deficit of 1.53 billion euros, completely reversing the previous month’s surplus... during the first nine months of the year. Personal income tax (PIT) was below target by 763 million

General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln

Fri, 06 Nov 2020 11:23:00 GMT

Greece’s general government (gg) primary cash deficit came to 7.01 billion euros in the first nine... to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year... at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came

It's the hope that kills you

Mon, 16 Nov 2020 11:56:00 GMT

an immediate casualty. Rash reopening The start of Greece’s reopening process was when the first signs... bookings were not encouraging, and Greece’s goal was adjusted. The new target was for total travel... the factors that could work in Greece’s favour did, and the country seemed Covid-free. Greece took

Budget primary shows deficit of 7.01 bln as revenues suffer in September

Thu, 15 Oct 2020 10:19:00 GMT

The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance Ministry... for September came to a deficit of 1.52 billion euros, worsening compared to the previous month’s

No fear of the bear? Bilateral economic relations between Germany and Russia

Fri, 20 Jan 2017 13:22:00 GMT

bilateral (economic) ties with Russia. Germany's economic interests in Russia are significant before... the illegal annexation of Crimea and Russia’s military involvement in eastern Ukraine. Recent cyberattacks...-escalating political tensions between Moscow and Berlin. It remains a strategic priority for Russia’s

Have inflation "repay" Greek debt and growth reduce indebtedness

Fri, 14 Aug 2015 11:12:00 GMT

clearly reduce Greece’s indebtedness as percentage of GDP. However, since much of that debt is currently... to Greece’s budget would be very limited. Put differently, such a haircut would be the least attractive...) the benefit to Greece’s budget would be minimal. Alternatively, Greece could assume the following position

Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence

Wed, 24 Mar 2021 15:25:00 GMT

Greece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern

Revenues at 4.77 bln in Oct, beating target for fourth straight month

Mon, 25 Nov 2013 15:51:00 GMT

- one of the key concerns on the revenue front. This could help the Greek government’s efforts... impact from last year’s PSI), resulted in a higher cut of total expenditure by 16.1 percent to 42.58... on current’s year’s fiscal performance. It should be pointed out that the top- and bottom-line figures

Newsletter 121 - 02/06/2017

Fri, 02 Jun 2017 12:17:00 GMT

government officials and representatives of the country’s lenders publicly exchanged views on the country’s... and facilitates Athens’s goal of conducting a test bond issue this summer. However, an alternative reading of the prime minister’s statement is that it is sufficiently vague to allow for an agreement which does

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

Fri, 29 Sep 2017 09:46:00 GMT

, China’s Export-Import Bank agreed to fund 85 per cent of the bilateral project. However...This is the second of three articles in which the author will analyze China’s investment, lending... on China’s ‘Gateway to Europe’ via the Port of Piraeus in Greece. The second part will now look