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  1. Budget primary surplus of 3.8 bln to Aug beats target by wide margin

    EconomyMacroeconomy

    the target by 2.78 billion largely reflecting lower primary expenditure (by 2 billion) and revenue..., remaining 2 billion lower than target. MoF said that compared to last year, expenditure increased by 292... the 8-month figure stood at 4.79 billion, down 2.3 percent and 69 million lower than target. Summing

    5%

  2. Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
    Photo by MacroPolis

    EconomyBanking

    interest (NII) and commission income and cost containment coupled with lower loan provisions... lower by 163 mln QoQ to 36.7 billion, while has recorded a cumulative drop of 1.1 billion over... million. The NII increase mostly reflects lower funding cost due to reduced reliance on Emergency

    5%

  3. Tax revenue overperformance leads budget primary surplus to 4.44 bln in 2016
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    figures published a week ago had displayed a primary surplus of 4.39 billion, 45 million lower than... outperformance (by 1.88 billion) coupled with lower Public Investment Budget (PIB) deficit (by 264... to 42.25 million, 220 million lower than the target. In particular, salaries and pensions eased 1.6

    5%

  4. Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to a strong underspend. The primary expenditure came in 1.16 billion euros lower than the target, coupled..., beating the target by 73 million as the outperformance of gross revenues was mitigated by lower... million euros lower than the target. The aggregate figure for the 6-month period showed primary

    5%

  5. Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
    Photo by MacroPolis

    EconomyBanking

    contribution from lower loan balances, spread reduction, and a smaller securities portfolio, which was partially offset by lower central bank funding costs. Fee income also declined by 7.5 percent QoQ to 79.3 million, driven by lower loan generated fees due to the bank’s participation in project

    5%

  6. IMF outlines areas in which Greece needs further reforms, where it should apply caution
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    that all the burden does not come on labour. The government could do more to lower taxes and do more to lower the costs of financing for firms.” The IMF suggests additional reforms that will safeguard employment and competitiveness and, most critically, lower non-wage costs following the recent wage

    5%

  7. Budget primary surplus confirmed at 831 mln in Feb
    Photo by MacroPolis

    EconomyMacroeconomy

    last year, the primary surplus was much lower at 93 million euros. The budget balance in the first... by 257 million euros. On an aggregate basis, gross revenues came to 8.28 billion euros, lower than... in the aggregate period, under the target by 468 million euros, and lower by 3.5 percent compared to the same

    5%

  8. A varied set of views on China
    Photo via Flickr https://flic.kr/p/7UPobA

    Agora

    of inferior quality to that of western goods. In short, while Greeks are not disposed negatively... in their eyes. Nor do they envy life and work in China, and find Chinese commodities of inferior quality

    4%

  9. Why did Greece return to bond markets now? Was it the right decision?

    Economy

    oversubscribed and the yield of 4.95 percent was notably lower than had been expected even a few days... in benefits due to a combination of knock-on effects. For example, lower funding costs are anticipated... reduction of banks’ time deposit rates. This would lead to lower lending yields. Finance Ministry sources

    4%

  10. Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend

    Economy

    stood at 448 million, 67 percent lower year on year (YoY). The significant YoY narrowing fully... in February and January respectively. The slower fiscal performance in March primarily reflects lower...) of 2.5 percent in March, the 3-month figure rose 4.7 percent to 11.38 billion. Lower revenues in March

    4%