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  1. Budget primary surplus grows in April thanks to one-off revenues and restricted spending

    EconomyMacroeconomy

    , bringing the 4-month figure at 15.04 billion, up 2 percent. Compared to targets, the April revenues...-recurring item, the underlying revenue collection shows a drop by 2 percent in April and 1.8 percent

    12%
  2. Finance Ministry wavers as revenues remain at the forefront

    EconomyProgramme

    , local media report that the fiscal gap is seen at around 2 billion by the institutions and below 1... Tuesday (June 2).

    12%
  3. National Bank posts losses of 159 mln in Q1 2015
    Photo by MacroPolis

    EconomyBanking

    (PPI) eased 2 percent QoQ to 357 million in Q1 reflecting a drop in operating income and expenses... weaker NII from Turkey (down 12 percent in TL terms) and Greece (-2 percent). The lower Greek NII

    12%
  4. Industrial production up again in April but at slower rate of 0.4 pct

    EconomyMacroeconomy

    that the seasonally adjusted IPI fell 2 percent month on month (MoM) in April, after a marginal rise... released by the European Commission at the end of May displayed it improved by 2 points to -13

    12%
  5. Greece and lenders fail to bridge their differences in Brussels

    PoliticsGreek Politics

    Commission sources suggested to the media that the two sides still have differences over 2 billion euros... demanding a primary surplus of 1 percent for 2015 and 2 percent for 2016. On the pension front

    12%
  6. IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief

    EconomyProgramme

    targets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5 percent) and at 3 percent for 2016 and beyond (from 4.5 percent). 2) Lower privatization proceeds

    12%
  7. The key numbers behind the latest Greek proposals

    EconomyProgramme

    the corporate tax rate from 26 to 28 percent with estimated revenues at 260 million in 2016 2) Increase... revenues estimated at 200 million 2) Increase the corporate tax rate by an additional one percentage point

    12%
  8. IOBE think-tank sees recession of up to 2.5 pct this year, milder in 2016

    Economy

    of confidence and bank stability. IOBE projects a recession of 2 – 2.5 percent this year. A milder GDP... of Greece remaining in the eurozone coupled with the necessary consent. 2) The urgent

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  9. Greece and creditors try to untangle pension complications

    EconomyProgramme

    will be reduced by 2 and 6 percent respectively. According to the General Accounting Office, the rise in health contributions will result in an annual increase in revenues of 854 million euros. 2) All

    12%
  10. Draft bill sees millions in savings and revenues from variety of bailout interventions

    EconomyProgramme

    . 2) The rise in the advance payment of tax for farmers (from 27.5 percent to 55 percent) and self... basis from the abolition of certain taxes and contributions. 5) The abolition of the 2 percent

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