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  1. Primary cash surplus quadruples to 2.09 bln in first two months of 2016

    EconomyMacroeconomy

    (BoG) figures displayed on Wednesday. The net balance of the central government also posted a surplus... in the 2-month period with net revenues rising by 11.1 percent to 8.1 billion, while expenditure

    5%

  2. Greek stocks fall 3.1 pct over week, volumes soar on Friday due to FTSE reclassification

    Economy

    . Corporate news Motor Oil posted on Friday afternoon net profit of 29.4 million in the fourth quarter... million last year. NBG reported on Tuesday net loss of 2.05 billion in the fourth-quarter (Q4

    5%

  3. Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
    Photo by MacroPolis

    Agora

    Greek banks concluded the release of fourth-quarter (Q4) results in the first half of March. All core banks posted net loss at the bottom line largely due to one-offs, higher provisions and seasonally increased operating expenses. Starting from the top line, net interest income (NII) rebounded 0.9

    5%

  4. Current account deficit jumps to 742 mln in January

    EconomyMacroeconomy

    primarily stems from lower net transport receipts. In addition, travel receipts fell by 4.7 percent...-Bills. On the liabilities’ front, a net decline of 416 million was posted attributed to a decrease

    5%

  5. Greece’s dramatic year reflected in ATHEX 2015 results
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Economy

    The Board of Directors of Hellenic Exchanges-Athens Stock Exchange (ATHEX) released its annual financial results for 2015 on March 21, 2016, showing that the consolidated net after tax profits... of Greece during 2015. The net after tax profits per share in 2015 amounted to 0.14 euros compared to 0.33

    5%

  6. Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues

    EconomyMacroeconomy

    in net revenues by more than 800 million. In addition, the 2-month primary surplus outperformed... million in the 2-month period. This was 45 million short of the target. Overall, net revenues rose by 11.1

    5%

  7. Revenues of 1 pct of GDP targeted from changes to income tax and solidarity levy

    Economy

    for the bulk of self-employed (87 percent) who declare net income below 20,000 euros. This group... 18,000 euros. The net impact from the new rates on income tax and the solidarity levy would entail much

    5%

  8. Greek tax wedge remained far above OECD average in 2015

    EconomyMacroeconomy

    . When looking at the employee net tax burden – which strips out any employer contributions... in 2015, 1.2 pp below the OECD average of 25.5 percent. However, the net tax burden for a married

    5%

  9. Primary cash surplus widens to 2.85 bln in Q1

    EconomyMacroeconomy

    in the corresponding period last year. The net balance of the central government also recorded a surplus of 524... on April 15 a primary surplus of 2.68 billion euros in Q1 with net revenues up 3.6 percent to 10.95

    5%

  10. Greek stocks jump 2.8 pct during week on improved market sentiment

    Economy

    . Corporate news Hellenic Petroleum’s adjusted net profit reached 70 million in the first quarter (Q1) up 30... million. Titan reported on Thursday net loss of 18.6 million in Q1 from profit of 6.6 million

    5%