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  1. Tax wedge for single, married Greeks well above OECD average

    EconomyMacroeconomy

    looking at the employee net tax burden – which excludes any employer SSC – the comparison is more... is slightly below the OECD average of 25.5 percent. However, the net tax burden for a married worker with two

    2%

  2. Central gov't cash surplus reaches 1.19 bln in Q1, up 54.3 pct YoY

    EconomyMacroeconomy

    last year. Similarly, the central government net balance showed the deficit narrowed by 19.5 percent... showed a lower drop in net revenues (-1 percent) and a slower rise in March figure (+16.8 percent). Cash

    2%

  3. Greek stock market up by 3.5 pct over week amid hope of bailout deal

    Economy

    weeks. On the corporate front, Hellenic Exchanges (EXAE) released Q1 results on May 18 that showed net.... In addition, EXAE Annual General Meeting (AGM) approved on May 20 the distribution of net dividend

    2%

  4. Piraeus Bank brings Q1 2015 losses down to 69 mln
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank posted net losses of 69 million euros in the first quarter (Q1) of 2015 significantly lower than those reported in Q4 2014 of 332 million and in Q1 2014 of 247 million. The improving.... Net interest income (NII) fell 2.4 percent QoQ to 500.3 million primarily reflecting the higher

    2%

  5. National Bank posts losses of 159 mln in Q1 2015
    Photo by MacroPolis

    EconomyBanking

    National Bank (NBG) posted net losses of 159 million euros in the first quarter (Q1) of 2015 from 1.11 billion in Q4 2014, which were entirely due to one-offs. Excluding the extraordinary items... by 3 and 4 percent respectively. Net interest income (NII) fell 5 percent QoQ, largely stemming from

    2%

  6. OECD slashes 2015 growth forecast to just 0.1 pct, raises unemployment and debt figures
    Photo via OECD on Flickr https://flic.kr/p/9Lr6kk

    EconomyMacroeconomy

    ) and edging up to 4 percent in 2016. Overall, net exports are expected to ease 0.5 percent in 2015..., according to the OECD. In addition, a broader and well-designed social safety net would help the most

    2%

  7. IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief

    EconomyProgramme

    into the Treasury. Overall, the IMF estimates Greece’s net financing needs at 29.3 billion in the next 12... by the Eurosystem (14.3 billion), other medium- and long-term debt (5.5 billion) and net redemption

    2%

  8. EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
    Photo by MacroPolis

    Economy

    billion compared to 24 billion envisaged by the second bailout programme Net financing needs could... for net financing needs of 74 billion is 4 billion lower than that projected by the IMF. The EC notes

    2%

  9. Greek stocks down 15.2 in first week of trading after market closure

    Economy

    of 0.11 euros per share on Friday with its yield at 2.5 percent. Mytilineos posted on Wednesday Q2 net... Telecom Organisation (OTE) posted a net Q2 loss of 3.6 million compared to profits of 69.3 million

    2%

  10. Newsletter 41 - 04/09/2015

    Newsletters

    30,000 euros. The increased amount (in the form of withholding tax) would accordingly decrease the net amount of salaries and pensions. In addition, since August pensioners have seen their net pension slip

    2%