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  1. Budget primary balance confirmed at 495 mln in January
    Photo by MacroPolis

    EconomyMacroeconomy

    euros, exceeding the target by 232 million. This was mostly driven by increased interest payments

    5%

  2. Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
    Photo by MacroPolis

    EconomyMacroeconomy

    to address the effects of the health crisis, tax revenues show an increase of 232 million euros. Tax

    5%

  3. Piraeus Bank posts pre-tax losses of 215 mln in H1
    Photo by MacroPolis

    EconomyBanking

    losses of 232 million in Q1 2020. Pre-provision income (PPI) came to 470 million euros in H1 versus 402

    5%

  4. Banks remain largely profitable in Q2, with focus on NPL reductions
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyBanking

    impact of 324 million). Net profits in Q2 came to 82 million versus losses of 232 million in Q1

    5%

  5. Newsletter 263 -11/09/2020

    Newsletters

    losses of 232 million in Q1 2020. The results from the National Bank of Greece (NBG) were solid despite

    5%

  6. Piraeus announces Q1 loss of 407 mln as provisions mount
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank posted a loss of 407 million euros in the first quarter (Q1) as it suffered from impairments arising from Covid and loan securitisation losses. The Q1 loss comes following a 518 million-loss on the Q4 of 2020, and compares with a 232 million-euro loss in Q1 of last year. Asset quality

    5%

  7. Piraeus Bank profit at 284 mln in Q1, commissions income up to 160 mln
    Image via www.piraeusbank.gr

    EconomyBanking

    million euros in Q1, from 232 million euros in 2024. Loans impairments stood at 24 million euros in Q1

    5%

  8. IMF expects modest recovery, lingering debt but primary surplus to return swiftly
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    to 3.6 pct in the last quarter of next year. This year’s estimate is marginally lower than the one... estimate for a 8.2 pct GDP contraction last year. Greece is seen coming off deflation this year..., after -7.4 pct last year and a recovery from next year up to 2026 at -3.5 pct. This year’s estimate

    5%

  9. Newsletter 364 - 23/12/2022

    Newsletters

    . This is broadly in line with the European Commission’s estimate published about a month go, which... regarding next year. In its review in October, S&P presented an estimate of 1.7 pct growth in 2023. Also... in Parliament last weekend, the growth estimate for 2022 was 5.6 pct and 1.8 pct for 2023. The most recent

    5%

  10. Newsletter 136 - 20/10/2017

    Newsletters

    , missing the target by 101 million euros. The Hellenic Statistical Authority’s (ELSTAT) second estimate... in real terms last year rather than the 0 percent estimate released in March. In nominal terms, the economy dropped by 1.2 percent against an initial estimate of 0.1 percent growth. ELSTAT also

    5%