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Tax arrears jump by 1.45 bln in November to a total of 11.83 bln year to date
Economyin the course of the year. The aggregate number points to a total of new tax arrears of 11.83 billion year to date, down by 5.3 percent compared to the corresponding period last year. GSIS figures also... companies, slowed to 658 million in November. Since the beginning of the year, the cumulative
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Primary cash surplus of 386 mln in Jan from deficit last year
EconomyMacroeconomyin January from deficit of 149 million last year, Bank of Greece (BoG) figures showed on Wednesday. A similar... of 287 million euros from a deficit of 217 million a year ago. The notable year on year improvement is fully attributed to the soaring Public Investment Budget (PIB) surplus of 429 million this year from
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Unpopular but effective property tax returns for another year
EconomyMacroeconomywill be paid in five monthly instalments starting from the end of September. Last year ENFIA was also paid... be applied for this year as the last instalment is due in January 2017. There are some significant changes in this year’s ENFIA compared to 2015. The objective property prices have been downward adjusted
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NBG records net profits of 73 mln in Q4, turns profitable for whole year
EconomyBankinga one-off gain of 150 million euros related to the sale of Astir Vouliagmenis. For the whole year, NBG... year, core PPI rose by 29 percent to 881 million, mostly on the back of improving net interest... increasing. In addition, management stressed that it feels confident to meet this year’s NPE
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Despite fresh uncertainty, Tsipras insists focus is on four-year term
PoliticsGreek Politicshis government seeing out its four-year term, which runs until September 2019. “Elections... later this year and miss out on governing Greece after it had exited the bailout in August. However, the idea of SYRIZA holding on until next year has been brought into question again by developments
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Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
EconomyMacroeconomy. The figure for a year ago came to 1.94 billion, representing a year-on-year (YoY) rise of 62.9 percent... a year ago showed a deficit of 2.71 billion euros. In December, the monthly net revenues totalled... at a deficit of 2.39 billion euros. For the same period last year, the balance showed a deficit of 4.27
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Sharp rise in M&A activities as 2019 proves record year
EconomyFeaturesmeaning that year-on-year (YoY), the number of transactions increased by around 67 percent, and representing a record year for such activity in Greece. According to PWC, this activity has been... over 5 billion euros for the whole year. A total of 12 bond loan issuances by Greek companies took
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Travel balance almost doubles in April from last year's lockdown
EconomyMacroeconomyGreece’s travel balance came to a surplus of 9.6 million euros in April from 4.9 million a year ago... to an increase of 97.5 percent year-on-year (YoY). Receipts came to 42.9 million euros for the month.... During the first four months of the year, travel receipts fell by 79.3 percent to 125.7 million euros
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Travel balance increases more than eightfold in May from last year’s lockdown
EconomyMacroeconomyGreece’s travel balance came to a surplus of 112.1 million euros in May from 12 million a year ago... to an increase of 836.3 percent year-on-year (YoY). The balance remained substantially below its May 2019... of the year, travel receipts fell by 51.2 percent to 317.4 million euros. Payments recorded a drop
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Travel balance increases by wide margin in June from last year's tourism collapse
EconomyMacroeconomyGreece’s travel balance came to a surplus of 689.4 million euros in June from 38.5 million a year... to 790.7 million euros for the month, increasing by 852 percent year-on-year (YoY). Travel payments... percent to 312,900. During the first six months of the year, travel receipts rose by 51 percent
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