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Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln
EconomyMacroeconomyincome tax fell by 1 percent to 922 million. Total ENFIA revenues are targeted at 2.65 billion euros... that remain proportionally well below targets. These mainly involve: 1) Grants to Manpower... billion) 8) Agricultural subsidies (at 57 percent of the FY target of 591 million). The payment
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Greece receives list of milestones for next bailout sub-tranche
EconomyProgrammeof milestones Greece has to implement in the next three weeks for the disbursement of the next sub-tranche of 1... to: 1) Preparation of a plan for the establishment of a new independent secretariat of public... products. 8) Issue of a ministerial decree for the reestablishment of the inter-ministerial committee
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UN steers clear of Cyprus blame game as focus moves to hydrocarbons
PoliticsForeign Policyin mind. Nervy Turkey Total's West Capella drillship arrived and began its work on July 12..., at a distance of 8 km from the boundary separating the Cypriot and Egyptian exclusive economic zones... of blocks 1, 6 and 7 of Cyprus’ EEZ, to the west and southwest of the island. The effective dates
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Hydrocarbons add to tension between Turkey, Greece and Cyprus
PoliticsForeign Policyconfirmed that it had made a lean gas discovery in Block 6 with Calypso 1 NFW. “An intensive and detailed data collection (fluids and rock samples) has been executed on the well. Calypso 1 is a promising gas... (EEZ)” a statement by ENI stressed on February 8. This was a blow to Ankara. According to Turkish
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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomylow at 20.1 percent in 2017 versus the 34.9 percent EU average. The report concludes that every 1... 1 ppt increase of card use as a share of private consumption increased VAT revenues by 1.4 ppt... be higher by 12 percent or 2 billion if professionals used card payments at the same levels
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Greece worst in EU for gender equality as power resides overwhelmingly with men
Societythey are from reaching gender equality. The Index uses a scale of 1 to 100, where 1 represents total... listed companies is 9 percent and on the board of the central bank 8 percent versus 7 percent and 0... and men between 2005 and 2017. Around 12 percent of women and 10 percent of men report unmet needs
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingbillion in Q2. In the last 12 months, NPEs have been reduced by 4.5 billion. The bank noted that organic... and the tightening of sovereign bond yields. The movement in Q3 originates from negative formation of 1 billion...) dropped by 1.1 billion euros and stood at 8 billion. This led the group NPL ratio to stand at 24.4
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Newsletter 352 - 23/09/2022
after Thessaloniki returned to 8 pct, where it had stood at the end of July prior to the surveillance...’s ratings remained steady at 12 pct before and after TIF, while they have retreated slightly from 13... surplus of 1 pct of GDP. The latest preliminary budget execution data is a source of optimism
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Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
Economythan 1 billion euros in offers for 200 million euros auctioned, a coverage ratio of 5.13x. Monday’s... of 10 billion euros, out of an initial strategy of 12 billion euros, which suggests that an informal... as the consensus is that Greece although it will avoid recession it will barely grow by some 1 pct
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Newsletter 475 - 12/09/2025
targets by €8 billion in the first seven months of 2024 and accused Mitsotakis of cynical... pct growth in 2025. Final consumption growth also slowed to 1 pct YoY and dropped marginally by 0.1...), from 3.1 pct in the previous month. The average CPI over the rolling 12 months was stable at 2.6
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