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Strong income tax revenues and contained spending maintain budget outperformance in May
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 5.34 billion euros up to May, compared to a surplus of 3.2 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesda...
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Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
EconomyMacroeconomyThe budget primary balance produced a surplus of 4.67 billion euros up to June, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday. The primary balance came in at 2.43 billion euros above the target. Exp...
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Primary surplus at 4.52 bln by Jun thanks to strong taxes, contained spending
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 4.52 billion euros up to June, compared to a surplus of 2.91 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday...
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Piraeus Bank reports profits of 559 mln in H1, commissions income strong at 325 mln
EconomyBankingPiraeus Bank posted a net profit of 559 million euros in H1 2025, from 563 million euros in H1 2024. Net interest income (NII) came to 955 million euros in H1, while net fee income was 325 million euros, from 1.05 billion and unchanged respectively in H...
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Eurobank records strong profits of 691 mln in H1, net interest income jumps 12.2 pct
EconomyBankingEurobank posted a net profit of 691 million euros in H1 2025, from 721 million euros a year earlier, down by 4.3 percent year-on-year (YoY). Core pre-provision income (PPI) rose by 6.6 percent year-on-year (YoY) in H1 to 1.02 billion euros, from 958 mil...
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Wages grew by 8.7 pct YoY in Q2 thanks to strong seasonal hires
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index grew by 8.7 percent year-on-year (YoY) in Q2, from 6.2 percent in the first quarter of 2025, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The wages index captures employees’ gross earnin...
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Strong tax revenues, major underspend lead primary surplus 3.57 bln above target in Aug
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.5 billion euros up to August, compared to a surplus of 7.57 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Thurs...
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Oct budget execution data affirms strong revenue performance
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 10.25 billion euros up to October, compared to a surplus of 13.53 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on T...
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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammethe high surplus period they had strong real GDP growth (2.7 percent) and high inflation (4 percent... to the Fund suggest that sustained periods of high primary surpluses require strong economic growth... primary surpluses that are achieved through strong fiscal adjustment are often reversed following
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Greece’s 14–29s: Ambitious, anxious and lacking trust
Societystrong desires to emigrate; about 29.3% declare a “strong” or “very strong” desire to live abroad... and values. The youngest cohort (14–18) shows particularly strong nationalist tendencies, combining... towards parties and institutions paired with a strong desire to be heard. Trust in politicised
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