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Tax overperformance continues in Aug, as budget balance beats target by close to 6 bln
EconomyMacroeconomyThe budget primary balance up to August 2022 came to a small surplus of 10 million euros, compared to a deficit of 6.38 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Fri...
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Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance
EconomyMacroeconomyThe budget primary balance for the first eight months of 2022 came to a small surplus of 20 million euros, compared to a deficit of 6.38 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data ...
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PMI records 6 months of improved manufacturing conditions, but outlook less upbeat
EconomyMacroeconomyGreece’s Manufacturing PMI remained in expansion territory in July, rebounding to 53.5 points, from 51.8 points in June, according to S&P Global data released on Tuesday. This was the sixth straight month that the conditions in the Greek manufacturing s...
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Economic sentiment up in Jan, consumer confidence plunges by 6 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) experienced a solid recovery in January, rising by 1.4 points to 107.2, after an increase of 0.4 points in December, according to European Commission figures released on Tuesday. This is the highest sentiment reading si...
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Watchdog's ruling in voter email leak prompts opposition calls for minister to resign
PoliticsGreek Politicson the Interior Ministry in connection to the leaked emails. They were found to have breached data... the time of the national elections. Someone from the Interior Ministry, who has not been identified... for the European Parliament elections next month. Interior Minister Niki Kerameus has stressed
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With prior actions pending, PASOK showing signs of adjustment fatigue
PoliticsGreek PoliticsGreece has to complete 12 “prior actions” to receive the next 2 billion euros of its bailout from... of debt collections to tax administration 6) adoption of legislation to ensure access to medicines... Corporation (PPC) law and clearance of all general government arrears with PPC 6) adoption of legislation
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingof PPI performance are net interest income (NII) evolution and cost containment. NII fell 6 percent.... The quarterly rebound in NII is attributed to Turkey (up 6 percent), while Greek NII eased 1 percent QoQ.... On the cost front, operating expenses fell 12 percent YoY in H1, while remained flat QoQ
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Troika review begins with fiscal targets and tax breaks in focus
EconomyMacroeconomyof installments for unpaid taxes and social security contributions (SSC) from 12 up to 100 and at the same... Fair on September 6. The Finance Ministry is also considering adjusting downward objective real estate.... It is unclear whether such an agreement could be reached before the tabling of 2015 draft budget on October 6
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Newsletter 5 - 28/11/2014
markets. Unlike an application for a precautionary credit line (ECCL) or 6- or 12-month extension... on February 12 and the second Eurogroup on February 16. Deputy Prime Minister Evangelos Venizelos... is that with PASOK polling under 6 percent in most opinion polls, success would be hard to come by if one
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Newsletter 14 - 06/02/2015
meetings include an extraordinary Eurogroup session on February 11, the European Council on February 12... that this will happen gradually and following consultations with employers and unions. 6. Alternate Administrative... for the ninth straight month in December, dropping by 6 basis points to 1.82 percent, according to the Bank
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