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  1. Tourism season starts strongly in Feb with receipts up 70.7 pct in first two months
    Image: MacroPolis

    EconomyMacroeconomy

    . The February balance was 220 percent higher than the 89 million euros recorded in February 2025. Receipts...Greece's travel balance recorded a surplus of 284.8 million euros in February, compared to 234..., bringing the travel balance to 518.8 million euros, a jump of 188.6 percent. The average expenditure

    9%

  2. Strong Q1 for tourism as receipts rise by 64 pct YoY
    Image: MacroPolis

    EconomyMacroeconomy

    balance was 137.1 percent higher than the 172.8 million euros recorded in March 2025. Receipts...Greece's travel balance recorded a surplus of 409.6 million euros in March, compared to 284.8... the travel balance to 928.4 million euros, a jump of 163.3 percent. The average expenditure per trip rose

    9%

  3. A macroeconomic assessment of the Cypriot economy after the haircut
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    Why has the Cypriot economy faced a smaller than anticipated dip for 2013? What is the relevance... and services. The speed of this process of internal devaluation has helped facilitate a smaller than... is a temporary rather than a permanent drop in income, and because they do not consider bank deposits

    9%

  4. Greece stuck in the long tunnel of political transition
    Photo by MacroPolis

    Agora

    ’s voters. A success here could tip the balance decisively in SYRIZA’s favour. If her governorship... alliance took just over 8 percent of the vote. It was slightly more than expected but PASOK still attracted about 300,000 voters fewer than it did in the national elections of June 2012. This, along

    9%

  5. Greek primary cash surplus up to 3.1 bln in September but state arrears also rise

    EconomyMacroeconomy

    billion) making up more than half of total, followed by extrabudgetary funds (1.15 billion). The state budget in particular, shows a material improvement by more than 3 billion YoY and 500 million month on month (MoM). In contrast, the primary balance of social security funds (SSFs) has shrunk to just

    9%

  6. Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
    Photo by MacroPolis

    EconomyBanking

    will remain in Piraeus balance sheet. According to the bank, the transaction is not expected to have any... percent in Q3 2014. Its Greek NPL ratio reached 39.4 percent in Q3 more than 5 percentage points (pp) higher than the market ratio of 34.1 percent in Q2, according to BoG. Non-performing loans

    9%

  7. Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln

    EconomyMacroeconomy

    , according to the Finance Ministry (MoF) final budget bulletin. This is 33 million euros higher than... better than target. The budget over-performance so far is primarily attributed to lower expenditure... million) more than offsetting the ongoing net revenue shortfall (by 918 million). The breakdown of budget

    9%

  8. Greek primary surplus shrinks by 1.7 bln in Dec as revenues miss 2014 target by 3.1 bln

    Economy

    better than target and PIB balance was 206 million lower than expected. Note, though, that revenue... million lower than the preliminary figure published on January 14. As already evident in the preliminary... unpaid obligations created in December. Overall, unpaid taxes grew by more than 48 percent in 2014

    9%

  9. Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln

    EconomyMacroeconomy

    The Greek general government (gg) primary cash balance showed a surplus of 2.18 billion euros... of Finance (MoF) on Friday. However, the end-year figure of 2.18 billion euros was 1.5 billion lower than... shrank by more than 3.5 billion euros year on year (YoY) to 3.44 billion in 2014 from 7 billion last

    9%

  10. This is how Greece kept its budget on track in Q1

    Agora

    expenditure, which was just 53 million better than target in January, displayed a strong outperformance of 1.18 billion by the end of March. The underlying primary balance (excluding the impact of Public... 240 and 845 million euros. This means that the collected revenues in each month are more than

    9%