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  1. Athens rushing to reduce arrears and secure 800 mln in bailout funds
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    for arrears clearance. An additional 800 million euros was earmarked to be released after September 1... in July. Up to September this year, the Finance Ministry had transferred for this purpose a total... (up to the end of July) 736 million of arrears have been paid out from a total 1.25 billion of funds

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  2. Trust in Greek banking system shaky, survey suggests
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    businesses were aware of the possibility of spending the total amount of funds which are received from... were eased further as of September 1. The relaxation came as part of the government's roadmap, released... that the new measures resulted in the total withdrawal amount across a full year being 300 euros lower

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  3. Sub-tranche for arrears approved as round of review talks draws to close
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    . The latest disbursement means that the ESM has now paid out a total of 40.2 billion euros... are included, the ESM and its predecessor, the EFSF, have lent a total of 182 billion euros to Greece... suggested that the figure could be in the region of 1 billion euros, or around 0.5 percent of GDP. However

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  4. Eurosystem funding falls by 4.38 bln in October as ELA declines

    EconomyMacroeconomy

    of the total withdrawn liquidity. The collateral pledged with the BoG edged up slightly by 320 million euros, while that for the ECB declined by 1 billion euros in comparison to the previous month... in circulation have remained under the 40-billion mark for four consecutive months. However, October’s total

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  5. Travel balance up by 17.2 pct in September on higher receipts, lower payments
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    -denominated countries, the total rise was 16.2 percent (1.03 billion euros). For countries within the EU... the aggregate figure up by 8.1 percent to 16.2 million. In total, the BoG figures showed..., travel receipts are foreseen to increase by at least 1 billion and range between 14.2-14.5 billion

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  6. Budget primary surplus at 5.33 bln in October, beating target on revised budget figures
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    by 9.4 percent, specifically income tax revenue which fell by 15.1 percent year-on-year. In total, tax... by 0.3 percent to 5.19 billion, landing exactly on target. In total, a 4.5 percent fall in expenditure... by 51.4 percent to 1.33 billion, missing the target by 1 million euros. PIB expenditure also dropped

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  7. Clearer picture emerging ahead of stress tests, banks appear confident
    Photo by MacroPolis

    EconomyBanking

    of the programme, is completed the total amount of capital needs will not exceed 10 billion euros... standards are effective from January 1, and have a more forward-looking approach on provisioning. Banks... of 2.5-3 billion euros, will bring the total figure closer to 9.5 billion euros, which Greek lenders

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  8. Marginal increase to 20.8 pct for Feb unemployment rate
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    by 33,636. Total employment has been standing above 3.7 million since February last year. The figures..., the highest remains in the below 24 years bracket at 45.4 percent, although slightly improved by 1.... Full-time hirings increased to 55.6 percent of the total, representing the first time since May 2017

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  9. Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of 1 percent, investments are due to increase by 0.8 percent, while exports growth will outpace... in September. These fiscal interventions total 910 million euros, nearly evenly split between lowering... disbursements earmarked to build a total buffer in the region of 26 billion euros so Greece could be fully

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  10. Parties vie for voters' attention as New Democracy prepares for congress
    Photo by MacroPolis

    PoliticsGreek Politics

    , or Katrougalos law, passed in 2016. Around 620,000 recipients, out of a total 2.6 million pensioners... to the period from January 1, 2015 to December 31, 2016 and will cost the state budget 8.8 million euros... the scheme would apply for taxpayers owing up to 3,000 euros in total, which he said would cover

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