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  1. Primary surplus confirmed at 6.44 bln in October on revised budget targets
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to 33.89 billion euros, below target by 299 million. Net revenues came to 40.79 billion euros... privatisation revenues of around 1.37 billion for the year. As mentioned, net revenues amounted to 40.73

    3%

  2. Q3 wages index up by 2.8 pct QoQ and by 4.6 pct YoY
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    percent of Greek workers make under 1,000 euros per month net. Only 10 percent of the population was reported as making over 1,300 euros a month net.

    3%

  3. Budget primary surplus at 7.61 bln in November as expenditure curtailed
    Photo by MacroPolis

    EconomyMacroeconomy

    expenditure came to 37.35 billion euros and was below target by 1.25 billion. Net revenues came to 45.60... privatisation revenues of around 1.37 billion euros for the whole of 2018. As mentioned, net revenues amounted

    3%

  4. New court verdict adds to concern about impact of backpay on fiscal balance
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    . Although in net fiscal terms the amount is more moderate as these bonuses are liable for withholding tax... billion (820 million euros net) as a result of the reductions to their wages in 2012 being deemed

    3%

  5. Newsletter 188 -21/12/2018

    Newsletters

    and potentially eligible for backpay claims. Although in net fiscal terms the amount is more..., doctors, judges and lecturers, who were awarded a gross amount of 1.4 billion (820 million euros net

    3%

  6. Budget surplus overshoots 11M target due to lower primary expenditure, investment spending
    Photo by MacroPolis

    EconomyMacroeconomy

    target. Net revenues came to 47.47 billion euros, bettering the target by 760 million. The budget... budget figures target privatisation revenues of around 1.37 billion for the year. As mentioned, net

    3%

  7. Alpha Bank and Eurobank start new year with further bad loan sales

    EconomyBanking

    results were more positive than those posted in Q2 and showed a net profit of 41 million euros which... will retain the potential upside from the NPEs. Eurobank recorded net profits of 45.1 million euros in Q3

    3%

  8. Increase of 11 pct in minimum wage to have knock-on effect in economy
    Photo by MacroPolis

    Economy

    minimum wage of 650 euros gross translates into 546 euros net pay and is almost 64 euros higher... will be reduced. Labour and workers associations have cautioned that the net wage increase might be wiped out

    3%

  9. BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    to a special purpose vehicle at their net book value. This will prevent banks making a loss, although.... This effectively allows the DTCs to act as a buffer for the difference between the net book value

    3%

  10. Budget primary balance at 823 mln in Feb, beating target with help of higher revenues
    Photo by MacroPolis

    EconomyMacroeconomy

    the target of 9.53 billion euros. State budget net revenues came to 7.83 billion euros, bettering... net revenues came to 3.72 billion euros, beating the monthly target by 369 million euros

    3%