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  1. Budget primary surplus confirmed at 2.29 bln in April on improved tax collections, lower PIB spending
    Photo by Yannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    , which was very slightly over target by 3 million. A smaller rise of 5 percent was also noted... largely by consumption tax rising by 9.2 percent to 2.64 billion, while VAT revenues rose by 3 percent... period were confirmed 35 million, a slight increase of around 3 million euros against the previous

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  2. No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
    Photo via Fosphotos

    EconomyProgramme

    the Eurogroup meeting on December 3. Until now, it had been thought that a decision might be made... it has to reduce pension spending by 1 percent of GDP in 2019 until December 3. The reason given..., by the time the December 3 Eurogroup is held all the pieces will be in place for eurozone finance

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  3. Skopje moves ahead with name deal ratification as Athens watches closely

    Foreign PolicyGreek Politics

    accepted, especially regarding the 36th amendment which refers to changing Article 49, Paragraph 3. Article 49, Paragraph 3 refers to "the Macedonian people living abroad." Athens has expressed objections... Pavlopoulos and the former Foreign Minister Nikos Kotzias as they both believe that Article 3 suggests

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  4. Mitsotakis on offensive over Macedonia name deal after Zaev comments
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    .” Bosnjakovski has also noted that “we want to underline article 4(3) of the Prespa agreement that we... it to be of “a Slavic origin.” He also stressed article 4 (3) mentioned on Tuesday by Bosnjakovski... to the proposed amendment of Article 49 (3) that refers to “Macedonian people living abroad”. The Greek minister

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  5. PDMA sets out plans to build on recent market forays with bond issues in 2019

    Economy

    issued a new 5-year bond of 3 billion euros with the yield settling at 4.625 percent.... The last market access was in February this year, with the issuance of a 7-year benchmark of 3... to issue between 3 and 7 billion euros of benchmark bonds in 2019. Also factored in are 1.2 billion euros

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  6. General govt primary cash surplus at 2.91 bln in Feb, arrears rise by 83 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    the biggest decline (-26 million) followed by tax refunds (-26 million) and state budget (-3 million.../ESM/IMF loans edged up very slightly by around 3 million euros, and represented around 70.5 percent of the total debt. In the other underlying subcategories, T-Bills edged down by 3 million to 15.28

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  7. Greece braces for recession, hopes to bounce back from summer onwards
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    admitted that Greece is on course for an economic contraction of 1 to 3 pct this year due to the virus... losses to exceed 3 billion euros. With city hotels already shut, resorts will soon face the challenge... primary surplus, of close to 3 pct of GDP, in the coming years to bring down its debt following

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  8. General govt primary cash deficit at 5.48 bln in June as tax revenues fall

    EconomyMacroeconomy

    of 71 million euros. Expenditure rose by 1.11 billion euros (+3 percent YoY) to stand at 38.09... and services (-201million), subsidies (-194 million)and interest paid (-3 million). Arrears Arrears...) and state budget (-3 million). At 31.2 percent of the total, hospital arrears make up the majority

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  9. Polls boost for KINAL after leadership vote, as Androulakis rolls out key appointments

    PoliticsGreek Politics

    dropping almost 3 percentage points from 36.7 pct to 33.8 pct, while SYRIZA remains stable at 23.5 pct... has dropped 3 percentage points since the start of the year. Androulakis gets the approval of 42 pct... a more significant shift in voter preferences. However, the 3 percentage-point drop will be a wake-up

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  10. Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021
    Photo by MacroPolis

    EconomyBanking

    of 2.45 billion euros last year, due to 3 billion euros in clean-up impairments in H1 2021. In H1... codenamed Sunrise 3 and Solar, of 500 and 300 million euros respectively are on track to be completed... million last year. Impairment charges came to 269 million euros, compared with 3 billion euros in H1 2021

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