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  1. Piraeus Bank reports loss of 247 mln for Q1
    Photo by MacroPolis

    EconomyBanking

    loss of 247 million from 700 million in Q4. Lower loss on a quarterly basis mainly reflects a 39.... Lower revenues mainly resulted from trading losses at 15 million in Q1 from trading gains of 45... attributed to lower deposit and funding cost and - to a lesser extent - loan margin improvement

    4%

  2. Greek primary budget surplus at 707 mln as revenues beat target in May

    Economy

    beat targets by 499 and 569 million respectively. The outperformance reflects lower expenditure... offsetting lower Public Investment Budget (PIB) balance (129 million short of target from over... to targets lower than the 40-million euro mark. The revenue breakdown showed direct taxes increasing

    4%

  3. Troika review begins with fiscal targets and tax breaks in focus
    Photo by MacroPolis

    EconomyMacroeconomy

    to reach 1.7 percent of GDP in 2014. This is lower than the 2.3 percent incorporated in the latest Medium... ruling. c) Retaining the solidarity tax for at least one more year albeit with lower rates, according...) Retaining the VAT rate on food and accommodation services at the lower rate of 13 percent

    4%

  4. September revenues drive 9-month Greek primary surplus up to 2.53 bln

    Economy

    (from 2.85 billion in the 8-month) also reflecting lower MoM interest payments in September. Both... and 1.37 billion respectively. The beating of targets primarily reflects lower expenditure (1.96 billion... showed primary surplus is lower by 3.9 percent and budget deficit higher by 13.9 percent. Note though

    4%

  5. Greek current account surplus up to 1.6 bln in September after fourth straight rise

    EconomyMacroeconomy

    euros, followed by lower trade deficit (by 223 million) and a rise in the current transfers..., the narrowing of the trade deficit reflects a lower net import bill for oil and ships. Excluding...) and – to a lesser extent – from lower income deficit (by 430 million) mitigated by a drop

    4%

  6. Greek current account deficit widens by 32.4 pct in November despite services surplus
    Photo by MacroPolis

    EconomyMacroeconomy

    in the trade deficit reflects higher net oil import bill largely offset by lower net payments... deficit by 366 million compensated by lower current transfers’ surplus (by 1.05 billion) and increased... surplus and receipts indicates lower spending per trip, which fell by 9 percent in the 10-month period

    4%

  7. Budget primary surplus up to 1.73 bln in Q1 as gov't holds back expenditure

    EconomyMacroeconomy

    ) of 2015 largely stems from lower primary expenditure (1.18 billion) and a higher Public Investment Budget (PIB) surplus (857 million). This offset the lower revenues for the period (389 million... expenditure was 589 million lower than target, while PIB revenues were also 471 million above

    4%

  8. Greek DSA: Don't Say Anything about the debt
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    Agora

    materialised, such as lower primary surplus in 2014 and higher debt in the end of 2014, or changes... agreed with Greece's lenders, like the lower target of primary surpluses starting from this year. Then we present a combined impact on the baseline scenario, which consists of permanently lower

    4%

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

    Economy

    budget bulletin published on Monday. The reading is 60 million euros lower than the preliminary figure... outperformance (275 million better than target). The primary surplus outperformance stems from: a) Lower... reflects lower income tax (339 million) and direct tax arrears (389 million), against higher property taxes

    4%

  10. Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
    Photo by MacroPolis

    EconomyMacroeconomy

    as lower goods and secondary income deficits by 75 and 32 million respectively, while primary income... that this improvement mainly reflects lower net payments for ship purchases, while the net oil... by 211 million and lower services surplus by 184 million more than offsetting an narrowing

    4%