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  1. Budget primary balance confirmed at deficit of 6.10 bln in June
    Photo by MacroPolis

    EconomyMacroeconomy

    On a monthly basis, net revenues came to 2.67 billion euros which was 1.19 billion euros lower than... budget total revenues stood at 21.26 billion euros, lower than the target by 3.50 billion or 14.1... billion euros lower or 13.3 percent. The MoF noted that when compared to the updated estimation

    4%

  2. Budget primary deficit of 7.46 bln confirmed for July as revenues sag
    Finance Ministry

    EconomyMacroeconomy

    . Revenues On a monthly basis, net revenues came to 4.82 billion euros which was 357 million euros lower... budget total revenues stood at 26.68 billion euros, which is 3.74 billion euros or 12.3 percent lower... by 3.62 million euros or 13.8 percent lower than the target. Tax refunds came to 2.84 billion euros

    4%

  3. Alpha Bank posts net profits of 98 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    to 77.5 million. This primarily reflects lower contributions from asset management and loan commissions that were highly impacted by lower volume of transactions and issuance of bond loans due... the repo portfolio while increasing ECB financing and benefit from the significantly lower funding terms

    4%

  4. PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    in private consumption, lower investments and a sharp drop in exports that impacted the trade deficit despite that being partially offset by lower imports. The drop in investment was led by a sharp... with the pandemic. More specifically, tax revenues are lower by 3.54 billion and non-tax revenues have

    4%

  5. Budget primary confirmed at deficit of 5.48 bln in August

    EconomyMacroeconomy

    , 2.40 billion euros lower than the target of 32.46 billion euros. The MoF said that this was due... billion euros, lower than the target by 1.90 billion or 5.4 percent. On an aggregate basis, tax revenues came to 27 billion euros, missing the target by 3.65 billion euros lower or 11.9 percent. The MoF

    4%

  6. Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
    Photo by MacroPolis

    EconomyMacroeconomy

    will grow by 18 pct. Government spending will get reined in by being lower 1.8 pct. Employment will grow by more than 5 pct, leading to a lower unemployment rate of 16.5 pct, while price rises will resume... billion this year to 63.88 billion in 2021, largely due to significantly lower transfers by 6

    4%

  7. Extensive Covid-19 impact and slow recovery seen by most business sectors, research shows
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    that their turnover will be lower than that for 2019 by an average of 13 percent. EBITDA is expected to be 14 percent lower, and liquidity 15 percent lower. Once again, tourism expects the sharpest decline

    4%

  8. Newest Greek market foray for 10-yr bond breaks two records
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    was officially opened with a guidance of mid-swaps plus 105 basis points, 5 basis points lower than... even lower by 5 basis points to 100 basis points. At the close, offers exceeded 29 billion euros... market foray at the end of last year for a 15-year re-open, fund managers are lower from the 61 pct

    4%

  9. Productivity developments in the Greek public and private sector
    Photo by MacroPolis

    Agora

    sector is lower than productivity growth in the private sector. This blog aims to fill this gap in our... are shown by the lower dotted line. Whole economy productivity levels are closer to the private than... is that the Greek government clearly has much lower productivity performance than the private sector

    4%

  10. Budget primary shows deficit of 9.08 bln in July, beating revised target despite revenue shortfall
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euros which was 738 million euros lower than its monthly target. State budget total revenues stood at 29.4 billion euros for the first seven months, lower than the target by 666 million euros... execution bulletin due on August 25. Tax refunds came to 2.49 billion euros, lower than the target by 15

    4%