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  1. Budget primary surplus grows in April thanks to one-off revenues and restricted spending

    EconomyMacroeconomy

    the settlement of 2.2 billion tax arrears reached 110 million until April 29 within the first..., the 4-month PIB balance showed a surplus of 704 million substantially above a deficit target of 170 million

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  2. Drop in arrivals and spending impinge on H1 travel receipts
    Photo by MacroPolis

    EconomyMacroeconomy

    dropped by 10 percent to 704 million. In the first half of the year the cumulative figure... by the United Kingdom where receipts increased by 2.2 percent to 648 million. Receipts from the main countries

    14%

  3. Greece holds back spending, rakes in one-off revenues for 2.1 bln primary surplus at end of April

    Economy

    below target. In particular, VAT revenues were up 0.3 percent in April and down 2.4 percent..., the 4-month balance showed a surplus of 704 million, mainly owed to exceptionally high PIB revenues

    14%

  4. Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
    Photo by MacroPolis

    EconomyMacroeconomy

    , mainly reflecting a drop in the ECB funding by 6.73 billion, as Greek banks replaced this type

    14%

  5. Govt proposes property VAT reduction to kickstart home sales

    EconomyFeatures

    The government is taking measures to reduce the VAT on all properties built from 2006 onwards... homes onto the market without a VAT of 24 percent for the next three years. The announcement... the measures on VAT, the new government promoted a business-friendly image from the moment they launched

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  6. Tsipras claims EU vote will be close as SYRIZA looks for boost from relief measures
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    out to roughly 2.5 million retirees. The interventions are rounded off with a reduction in VAT, which... Mitsotakis said it will vote for the measures. “If the measures are the worst type of populism... morning, opposition leader Kyriakos Mitsotakis said that a proper 13th pension would have cost 2.2

    14%

  7. Consumer prices drop further by 2.2 pct in June
    Photo by MacroPolis

    EconomyMacroeconomy

    The Greek consumer price index (CPI) fell by 2.2 percent in June after a drop by 2.1 percent in the preceding two months, according to the Hellenic Statistical Authority (ELSTAT). This indicates... in: transport (-3.1 percent), education (-3.1 percent) and household equipment (-2.2 percent). Prices

    14%

  8. Industrial production rises at slightly faster pace of 2.2 pct in Dec
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The Greek Industrial Production Index (IPI) increased by 2.2 percent in December after a downward revised growth of 2 percent in November, Hellenic Statistical Authority (ELSTAT) data showed... IPI rebounded 2.2 percent from the previous month, after contracting by 1 percent in November

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  9. Retail sales rise by 2.2 pct in December, average growth of 1.7 pct in 2017
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales rose by 2.2 percent year-on-year in December after November’s upwardly revised decline of 1.4 percent, according to data published by the Hellenic Statistical Authority (ELSTAT.... December’s growth of 2.2 percent compared to December 2016 indicates a slight underperformance

    14%

  10. Piraeus enters agreement for sale of 2.2 bln loan portfolio
    Image via www.piraeusbankgroup.com

    EconomyBanking

    card debt to the value of 2.2 billion euros, or 385 million in on-balance sheet gross book value... than the previous target by 2.2 billion. The targeted reduction in NPLs is stated as 47 percent

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