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VAT, income taxes help push May budget primary balance above target by more than 3 bln
EconomyMacroeconomybalance is better than the target by 3.33 billion euros. Revenues Net revenues for the period stood... million higher than the target. Excise tax revenues were 2.63 billion, 73 million lower the target... to 6.16 billion Euros, 633 million higher than the target. Tax refunds came to 2.71 billion euros
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraas NPLs (repayment delayed by more than ninety days) reaching 22.9 per cent. Such staggering NPL... bankers involved in the negotiating process, the offers put on the table have been nothing less than... Reestructuración Bancaria’ (Company for the Management of Assets proceeding from Restructuring of the Banking
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingwith the auction of around 350 properties, which is 70 percent more than across the full year of 2016. P&L NII... with a group of investors rather than a public issue. The bond was placed with the European Investment... 2017, with a 37 percent decrease in NPEs. The bank noted that it is proceeding with two NPE sales
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Summer season looks under threat as revenues fail to materialise
EconomyMacroeconomyand regional airports is down by more than 70 percent compared to last year. The seats offered... in July, 196 cases related to travel were recorded out of 326 in total. This was more than 60 percent... by air and proceeding overland the rest of the way. As a result, not only are traveller numbers subdued
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Small rise for Greek manufacturing PMI in November
EconomyMacroeconomydeclining slightly faster than in the previous month. In addition, lower workloads resulted in further job... of purchases dropped sharply, faster than they did in October, mainly reflecting the trend in post.... The improvement in vendor performance is the longest such sequence for almost five years. Producer prices also
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Newsletter 291 - 02/04/2021
for more than a day before they could be placed in an ICU bed. The public appear divided... February 2020. However, Markit noted that the rate of expansion was only marginal, and slower than... order growth. The headline figure was in part due to a further deterioration in vendor performance
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Questions linger following PM's statement on surveillance of political rival
PoliticsGreek Politics, his carefully chosen words appear to raise more questions than they answer. Taken at face value... announced on Monday that Parliament would return from its summer recess on August 22, rather than... willingness to investigate Predator and its Greek vendor Intellexa. There is also reason to be sceptical
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Newsletter 362 - 09/12/2022
released by ELSTAT that capture a widening of the goods trade deficit in the volume of more than 60... envisaged for the whole year. This suggests that should the economy not grow nor more than... that a spokesman for the Greek Foreign Ministry admitted that an export license had been granted to spyware vendor
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomypercent respectively. In absolute numbers though, the drop in imports was higher than that in exports... by 211 million and lower services surplus by 184 million more than offsetting an narrowing... 1.9 times higher than exports, at 12.55 and 6.72 billion respectively, the goods’ deficit improved
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Current account deficit more than halves to 708 mln in March
EconomyMacroeconomyGreece's current account (C/A) deficit more than halved to 708.1 million euros in March from 1.48...’ deficit by 438 million and an increase in the secondary income surplus by 99 million. This more than... and a rise in the primary and secondary income balances by 487 and 170 million respectively more than
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