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Athens Macedonian News Agency: News in English, 16-11-04

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Budget revenues surpassed targets by 835 mln euros in October
  • [02] EBRD report: Greek economy to register zero growth in 2016, 2 pct in 2017

  • [01] Budget revenues surpassed targets by 835 mln euros in October

    Greek budget revenues significantly surpassed targets in October by 835 million euros, the General Secretariat for Public Revenue said on Thursday. In a report, the general secretariat said that budget revenue surpassed budget targets by 2.32 billion euros in the 10-month period from January to October.

    Net revenue surpassed targets by 835 million euros, or 21.37 pct from budget targets in October, while in the January-October period budget revenues surpassed targets by 2.32 billion euros or 6.16 pct.

    [02] EBRD report: Greek economy to register zero growth in 2016, 2 pct in 2017

    The Greek economy will register a zero growth rate in 2016 and a 2 percent in 2017, the European Bank for Reconstruction and Development (EBRD) said in its "Regional Economic Prospects" report published on Thursday.

    "The Greek economy shrunk 0.7 percent year-on-year in the first half of 2016, partly due to the baseline effects from the increase of consumer spending in the first half of 2015. As a result, economic growth will possibly be positive in the second half of 2016, giving a zero growth rate for the full year," the bank said.

    "For 2017, the outlook is more favorable, but the continuing controls on capital movement (although they have somewhat eased in recent months), further fiscal consolidation measures and the weaknesses in the financial sector, where non-performing loans remain significant, will likely limit the growth rate to 2 percent," it added.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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