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  1. Tax arrears jump to 1.47 bln in Sept as total for year reaches 8.39 bln

    Economy

    Greece’s new unpaid taxes rose by 1.47 billion in September, which is more than the double the 645... to 80 percent of the annual target of 1.7 billion euros. This suggests a slightly better-than-target... revenue figure reached 282.3 million, corresponding to more than 76 percent of the annual target

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  2. Latest EU plan to tackle refugee crises poses new, bigger challenges for Tsipras

    PoliticsForeign Policy

    , particularly Aegean islands, which have seen more than 500,000 arrivals by sea this year... Minister for Migration Policy Yiannis Mouzalas argued that this was a much better outcome than other... private apartments or homes, for 30,000 refugees. This is a much higher number than the migrants

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  3. Car sales down by 13.8 pct in Oct for the second fall this year
    Photo by MacroPolis

    EconomyMacroeconomy

    98,000 so far this year from less than 86,000 a year ago. Passenger cars recorded a broadly similar... 81,000 making up almost 83 percent of road motor cars. After a nosedive by more than 30 percent per... and a strong rebound by more than 30 percent in 2014. Nevertheless, the 2014 figure of 102,359 indicates

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  4. NBG strengthens capital at deep discount, falls short of initial target
    Photo by MacroPolis

    Agora

    euros to cover its total capital shortfall. This figure is higher than the 2 billion initially suggested... price of 0.32 euros. NBG's discount is also materially higher than that of Alpha (34.4 percent...:15) since the offer price cannot be lower than the minimum price of 0.30 euros allowed by law

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  5. Current account surplus widens to 838 mln in Sept on shrinking goods deficit

    EconomyMacroeconomy

    deficit (by 13 million). This more than offset a worsening of the services surplus (by 502 million... improvement is fully attributed to the goods deficit shrinking by 3.66 billion euros, which more than... in imports (-13.8 percent) than that of exports (-6.8 percent). In absolute terms, the goods deficit fell

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  6. Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
    Photo by MacroPolis

    EconomyMacroeconomy

    to be voted on December 5. Macro assumptions Following the better than expected preliminary GDP figures... government forecasts for 2015 are much better than the latest European Commission (EC) and the OECD... billion euros in 2015 from 317.12 billion in 2014 as the bank recap cost of 10 billion is more than

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  7. EU-Turkey refugee agreement: A life saver or a dud?
    Photo by MacroPolis

    Agora

    rather than help them float. In some ways, the agreement the European Union made with Turkey in Brussels... of a cash boost to provide better conditions for more than 2.2 million refugees in Turkey may prove... process in which it will always lose much more than it can gain. European leaders have decided to court

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  8. Multi-bill tabled in Parliament, paves way for sale of NPLs

    EconomyProgramme

    that would acquire the NPL would do so at a price much lower than its nominal value. This means it could... if it is in arrears for more than 90 days. NPL sales are allowed only for large corporate loans... or guarantor should not deteriorate due to the sale or transfer of his NPL. If a borrower has more than

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  9. Current account turns to a surplus of 314 mln in Oct on contracting goods deficit

    EconomyMacroeconomy

    account surplus (by 295 million) more than offsetting a narrowing of the services surplus by 295... million last year. The breakdown shows that the drop in the goods deficit by more than a third mainly... attributed to a marked narrowing of the goods deficit by 4.38 billion more than offsetting a drop

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  10. Suspension of Eldorado's mine work deals blow to coalition's investment drive

    Economy

    of Energy and Environment delaying the issuance of the required permits and licenses for more than... than 300 million dollars invested so far, will be suspended. Activities at its underground mine... in 2011 and has created so far 2,000 jobs and invested a total of more than 700 million dollars

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