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  1. General govt primary cash surplus at 1.65 bln in May on slower expenditure decline
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    months of the year, falling by 571 million euros compared to the same period last year, according to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year-on-year (YoY) decline came from social security funds (SSFs) which fell by 257 million euros

    1%

  2. Sharp increase in May arrivals, particularly from Germany, delivers travel balance boost
    Photo by MacroPolis

    EconomyMacroeconomy

    compared to a surplus of 921.4 million euros last year. Receipts were driven by an increase of 23.6... to travel revenue from the EU as the intake jumped by 66 percent compared to May last year, reaching 769... France also had a substantial rise compared to last year, increasing by 27 percent to 95 million

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  3. General govt primary cash surplus at 1.45 bln in June as expenditure picks up
    Photo by MacroPolis

    EconomyMacroeconomy

    months of the year, down by 1.15 billion euros compared to the first half of 2017, according to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest year-on-year (YoY) decline came once more from social security funds (SSFs), which fell by 354 million euros

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  4. June current account shows surplus of 208.8 million as imports outpace exports

    EconomyMacroeconomy

    . The respective figure for the same time last year showed a surplus of 736.6 million, meaning that year-on-year (YoY), the headline figure has worsened by 526.7 million. June’s headline figure... deteriorated to a deficit of 384.4 million from 63.6 million a year ago, while the secondary income balance

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  5. Economic sentiment remains stable as retail confidence materially improves
    Photo by MacroPolis

    EconomyMacroeconomy

    consistently this year with the exception of March when it dipped just below, at 99.8 points. Compared to August 2017, ESI has risen by 6.2 points, from 99 last year. Consumer confidence continued rising, increasing by 1.9 points to -47.8, following a 2.5 points improvement in July. Year-on-year, consumer

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  6. Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
    Photo by MacroPolis

    EconomyBanking

    ) of the year showed a loss of 55 million euros versus a profit of 3 million for the same period last year. Pre-provision income (PPI) increased to 196 million in Q2 from 64 million in Q1... by 16 percent year-on-year (YoY) to 699 million euros. Asset quality Group NPE stock fell by 2.8

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  7. GDP growth slows to 0.2 pct QoQ in Q2 due to lower investment, higher imports
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent year-on-year (YoY) after upwards revised growth of 2.5 percent in Q1. The latest quarterly... period last year, private consumption increased by 1 percent in Q2, from stable in the previous quarter... by 1 percent this year. Investments Gross capital formation declined by 2.2 percent QoQ following

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  8. Budget primary surplus at 3.14 bln in August as revenues grow and spending falls
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Ministry (MoF) on Friday. Last year’s figure for the same period came to 3.55 billion, representing a year-on-year (YoY) fall of 11.5 percent. The primary surplus beat its target by 2.22 billion euros... billion seen in July. The balance for August last year showed a notably smaller surplus of 520 million

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  9. Strong receipts push travel balance up by 15.9 pct in July
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of 2.78 billion euros last year. Receipts were driven by an increase of 7.7 percent in foreign arrivals... by 6.6 percent to 597.5 euros from 560.5 euros a year ago. Travel receipts from the 28 European Union (EU 28) countries increased by 15 percent year-on-year (YoY) and stood at 2.25 billion euros

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  10. Budget surplus confirmed at 3.16 billion in August
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Ministry (MoF) on Monday. Last year’s figure for the same period came to 3.54 billion, representing a year-on-year (YoY) fall of 10.9 percent. The primary surplus bettered its target by 2.24 billion... billion seen in July. The balance for August last year showed a notably smaller surplus of 520

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