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  1. Pension reform brings painful overhaul in social security contributions for self-employed

    Economy

    to declared net income (revenues minus expenses) without any insurance grade or discrimination between old... calculation is based on the application of a 20 percent rate on net income for main pensions, 7.5 percent

    2%

  2. Primary cash surplus of 386 mln in Jan from deficit last year

    EconomyMacroeconomy

    pattern was also evident in the net balance of the central government, which posted a surplus... of 1.19 billion with net revenues rising by 4.7 percent to 3.65 billion, while expenditure fell 5.3

    2%

  3. Credit contraction edges up to 2.1 pct in Jan on deductions of 512 million

    EconomyMacroeconomy

    Greek bank credit contraction slightly accelerated to 2.1 percent in January from 2 percent in December, Bank of Greece (BoG) figures displayed on Thursday. The net lending flow turned negative again.... The contraction in Greek bank credit remains unabated since January 2011 with cumulative net deductions of around

    2%

  4. Budget primary surplus surges to 3.04 billion, extending outperformance
    Photo by MacroPolis

    EconomyMacroeconomy

    by more than 1 billion coupled with an increase in net revenues by 800 million. Compared to targets..., net revenues rose by 11.1 percent to 8.1 billion, 323 million better than target. Primary expenditure

    2%

  5. Greek stocks rise 2.4 pct, up for fourth straight week

    Economy

    net losses of 1.24 billion euros in Q4 as it was largely burdened by a jump in loan provision... by higher operating expenses also including one-off items. Titan reported on Thursday Q4 net loss of 2.4

    2%

  6. 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

    2%

  7. 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

    2%

  8. 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

    2%

  9. 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

    2%

  10. 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

    2%