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  1. Travel balance slumps to deficit of 6.9 mln in Feb as payments outpace receipts
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . Visitors from Russia increased by 52.8 percent, while those from the US went down by 41.5 percent... German visitors edged down by 8.6 percent. Revenues from French visitors dropped by 13.4 percent, while

    2%

  2. Greek 2017 primary surplus confirmed at 4 pct, well above target

    EconomyMacroeconomy

    billion, at 48 percent of GDP, down from 86.27 billion (49.5 percent of GDP) spent in 2016. Next... revision by 0.1 percent higher in the total balance for 2016 and the debt for 2014 was revised down also

    2%

  3. Extra taxation did not increase revenues in 2017
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    billion in 2016 to 85.32 billion in 2017. When the tax revenue is broken down, rises were noted... on income and assets came to 18.09 billion in 2017, down by 40 million compared to 2016. The rise

    2%

  4. Piraeus Bank posts net loss of 80 mln in Q1
    Image via www.piraeusbank.gr

    EconomyBanking

    to 242 million versus 260 million for the same quarter last year, down by 7 percent. The cost-to-income... losses came to 164 million, down by 86 percent against the figure of 1.18 billion in Q4. In the first

    2%

  5. Report on PPC’s viability ruffles feathers and shakes share price
    Image via www.dei.gr

    EconomyFeatures

    of Environment and Energy, Kostas Skrekas, stated that the coalition government had brought down PPC... of increasing electricity tariffs and PPC could even be shut down,” he said. Both the government and PPC

    2%

  6. Newsletter 162 -18/05/2018

    Newsletters

    percent. It appears that the IMF has now backed down from its previous position and, according... Skrekas, stated that the coalition government had brought down PPC with their lies, while both PPC

    2%

  7. Greek Salad (made in Italy)

    Agora

    The anticipated creation of a populist government in Italy has sent shivers down the spines of those who have been following developments in Greece since 2015. Indeed, there are enough similarities... down the line, the romance keeps going, the two united by fear of electoral oblivion were they to split

    2%

  8. Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
    Photo by MacroPolis

    EconomyBanking

    focusing on bringing down the volume of bad loans on their books. The target is to bring the stock down

    2%

  9. Tsipras waits on name issue and debt talks, Mitsotakis pledges tax cuts for tourism
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    briefed about the negotiations. Despite playing down talk of a deal, Athens remains hopeful that common... to gradually reduce the corporate tax rate from 29 to 20 percent, bring the ENFIA property levy down by 30

    2%

  10. GDP up by 2.3 pct year-on-year in Q1 on strong export growth
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    quarters of increases. Broken down by component, imports of goods fell by 4.6 percent QoQ and by 6.1... revised down slightly from 1.9 percent to 1.8 percent. The European Commission (EC) revised its growth

    2%