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  1. Eurosystem funding down to 12.23 bln in September, banknotes rise for second month
    Photo by MacroPolis

    EconomyMacroeconomy

    ) originated from a lower reliance on ELA funding. The decline in central bank funding across the last two years reflects the reinstatement of the waiver on Greek government securities along with the lower

    3%

  2. GDP revision for 2017 points to slight improvement from initial estimates
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    estimate. Gross fixed capital formation last year grew by a significant 9.1 percent, slightly lower... was marginally lower at 7.1 percent from 7.2 percent in the first estimate. In nominal terms, the Greek economy

    3%

  3. August current account shows surplus of 1.56 bln as deficit in primary income account grows
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account (C/A) balance recorded a surplus of 1.56 billion euros in August, slightly lower than the figure of 1.58 billion euros in July, Bank of Greece (BoG) figures showed on Monday... stemmed from lower receipts from dividends, interest and profits. The deficit of the balance of goods

    3%

  4. Lenders focus on closing any fiscal gap for 2019 ahead of November 19 Eurogroup

    EconomyProgramme

    of 263 million euros, lower social security contributions for the self-employed, costing the state 229... to be spent on special education. Tsipras also promised to lower the corporate tax rate from 29 to 28

    3%

  5. Eurosystem funding rises to 13.2 bln in October, banknotes up for third month
    Photo by MacroPolis

    EconomyMacroeconomy

    this, the majority of the fall (83.20 billion) originated from a lower reliance on ELA funding. The decline... government securities along with the lower haircut applied on ELA collateral and participation of Greek

    3%

  6. Budget primary surplus at 6.46 bln in October on improved revenues and primary underspend
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in the previous month. The balance a year ago was notably lower at 788 million euros. The budget balance... by 0.2 percent to 38.70 billion, lower than the target by 618 million. PIB PIB revenues came to 114

    3%

  7. Coalition closing in on goal of cancelling pension cuts
    Photo via Fosphotos

    PoliticsGreek Politics

    property tax, which would have a fiscal impact of 263 million euros, lower social security... to lower the corporate tax rate from 29 to 28 percent next year and for the dividend tax to drop

    3%

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

    EconomyMacroeconomy

    percent. Despite this slowing of exports growth, imports growth is seen increasing at an even lower... corporate tax from 29 percent to 25 percent and lower dividends taxes will affect the budget from 2020

    3%

  9. Primary surplus confirmed at 6.44 bln in October on revised budget targets
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    was notably lower at 788 million euros. The budget balance in the first 10 months was confirmed... to 38.70 billion, lower than the target by 300 million. The MoF noted that the movement in expenditure

    3%

  10. New overdue taxes jump by 1.4 bln in Sept, with total stock exceeding 104 bln

    EconomyMacroeconomy

    debt totalled 7.84 billion, lower than the figure for the same period last year by 15.3 percent. New..., lower than the increase of 745 million noted in August. The VAT collectability rate rose to 86.3

    3%