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  1. Commission sees lower Greek financing needs, provides timetable for course of programme

    EconomyProgramme

    are 19.6 billion euros lower compared to the initial assessment of 86 billion last August. This largely reflects lower bank recapitalisation needs by 19.6 billion (5.4 billion were used from the 25 billion initially envisaged). Other changes also involve lower fiscal needs by 1.4 billion due to the better

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  2. Overdue social security contributions decrease slightly to 35.11 bln in Q2
    By Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of 3.49 billion euros (10 percent of the total). The number of debtors in this bracket rose by 277... in Q2 from 312.3 million in Q1. The current quarter’s figure is 50 percent lower than

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  3. NBG results show net profits of 409 mln euros on strong trading income in Q1
    Image via www.nbg.gr

    EconomyBanking

    (ΝΙΙ) fell by 4 percent QoQ to 277 million. This reflects mainly the rapid NPE reduction of 4.7...). On a fully loaded basis, CET1 stands at 12.6 percent, 14 bps lower compared to Q4 2019. Management

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  4. General govt primary deficit at 3.87 bln in March; spending soars
    Photo by Damian Mac Con Uladh

    EconomyMacroeconomy

    compared with a year earlier, followed by transfers, which were 277 million euros lower. Taxes

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  5. Greece left isolated on migrant crisis, with bailout talks finely poised

    PoliticsGreek Politics

    that this is happening against the backdrop of the bailout deliberations where, again, Greece’s... Mouzalas went into an informal meeting of European Union interior ministers on Monday on the back

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  6. Government struggles to shake off impact of wildfires

    PoliticsGreek Politics

    caused by the blaze in Evros has prompted the government to send a team of ministers, led by Interior Minister Makis Voridis, to Evros on Monday. The officials travel to the region against a backdrop

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  7. Ionian gas deal strengthens government's aspiration of becoming US energy gateway
    Image: https://flic.kr/p/nvyL2P

    PoliticsGreek Politics

    political backdrop remains fraught. While the Mitsotakis administration is keen to showcase energy... in Athens — including Energy Secretary Chris Wright, Interior Secretary Doug Burgum, and Ambassador

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  8. Tourist arrivals in Greece up 18.7 pct in 2013 but lower average spending points to missed potential
    Photo by MacroPolis

    Economy

    year on year to 604 euros, remaining 38 percent lower than that of Spain (976 euros). In contrast... respectively. Compared to its competing destinations, Greece’s share is only lower than Cyprus (6.8 percent... travel spending to fall by 1.5 percent in 2014 and rise by 6.4 percent per annum until 2024. Lower

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  9. Mitsotakis pledges tax cuts and reforms, hopes for lower fiscal targets
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    at the Thessaloniki International Fair (TIF) last weekend and set out his proposals, which included lower taxes... the lenders to lower Greece’s fiscal targets. Taking to the stage a week after Prime Minister Alexis... in Thessaloniki), lower the tax on dividends to 5 percent, increase the threshold for submitting VAT

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  10. Greece and the euro: The flight of Icarus

    Agora

    Over the last three years, you won’t have read a newspaper article, seen a TV report or listened... of citizens pay without fail some of the highest taxes in Europe, whose black economy was not even... at making Greece an easier place to invest and start a business are starting to pay off. In the World

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