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  1. Primary cash surplus widens by 1.8 bln to 4.84 bln by end of Oct

    EconomyMacroeconomy

    in the 10-month period of 2015 from 3 billion last year, according to Monday’s Bank of Greece (BoG) data. Last year’s figure includes one-off revenues of 1.31 billion euros stemming from the payment Alpha and Piraeus preference shares as well as arrears payments of 336 million. In addition, this year’s

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  2. Unemployment rate fell further to 24 pct in Q3 on seasonally increased employment
    Photo by MacroPolis

    EconomyMacroeconomy

    (ELSTAT) figures showed on Thursday. Compared to the corresponding period last year, the jobless rate... percent, while that of females landed at 28.1 percent improving by 1.1pp year on year (YoY). The breakdown... of ‘long-term’ (more than 1 year) unemployed remained well below the 900,000-mark for the second quarter

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  3. Unemployment edges up to 24.4 pct in Q4 on seasonal drop in employment
    Photo by MacroPolis

    EconomyMacroeconomy

    Statistical Authority (ELSTAT) figures showed on Thursday. Compared to the corresponding period last year, the jobless rate slipped by 1.7 percentage points (pp) over the Q4 2014 rate of 26.1 percent. The year on year decline reflects a rise in the number of employed by 3 percent to 3.64 million and a drop

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  4. Current account deficit narrows by 45 pct to 804.3 mln in Feb

    EconomyMacroeconomy

    in February from 1.45 billion a year ago, Bank of Greece (BoG) figures showed on Wednesday. The year on year evolution largely reflects a notable improvement in the primary income balance, which recorded a surplus of 440 million euros from a deficit of 140 million last year, coupled with an improving

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  5. Budget primary surplus of 3.6 bln by July, monthly revenues short of target by 315 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    of 2016 from 3.71 billion last year, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday. The headline figure for this year outperformed the target by 2.7 billion... time since February, yet it fell by almost 40 percent from last year. Monthly revenues (before tax

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  6. Newsletter 97 - 25/11/2016

    Newsletters

    and 2018. In specific, the primary surplus is estimated to reach 1.09 percent of GDP this year and 2 percent next year, above the fiscal targets of 0.5 and 1.75 percent, respectively. The budget outlines... in 2.45 billion next year, the most significant relating to income tax reform (716 million), a change

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  7. Newsletter 101 - 23/12/2016

    Newsletters

    the year with some festive cheer in the form of its lenders agreeing that the pension bonus and VAT... for such an eventuality. As the year ends, though, all options remain open. BoG seeks swift conclusion of review Central... the upswing in receipts in the last two months, the aggregate figures for the first ten months of the year

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  8. Another spin of the wheel for Greece
    Ferris Wheel at Syntagma Square

    Agora

    There couldn’t have been a more fitting end to the year in Greece than the Ferris Wheel fiasco in Athens’s Syntagma Square. It was the first year the city centre’s Christmas and New Year’s..., it was a year of more social upheaval as farmers, engineers and lawyers protested against changes

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  9. Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
    Photo by MacroPolis

    EconomyBanking

    insurance unit, Eurolife ERB. For the whole year, Eurobank turned profitable for the first time since 2010. Its net profits reached 230.1 million in 2016 from losses of 1.18 billion a year ago, mostly... funding, pillar II bonds and deposits. For the whole year, NII increased by 5.8 percent largely due

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  10. Newsletter 119 - 19/05/2017

    Newsletters

    of the midnight vote, that capital controls could be lifted by the end of the year. The Greek government published... years. On the fiscal front, the primary surplus this year is seen at 1.9 percent of GDP (3.45 billion.... The upgrade of this year’s projections fully reflects an upward revision of net budget revenues by 1.29

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