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  1. Eurosystem funding drops by 699.8 mln in September
    Photo by MacroPolis

    EconomyMacroeconomy

    (107.24 billion) originated from a markedly lower reliance on ELA funding. Banks have been making... billion euros. The total for banknotes in circulation is now 1.51 billion euros lower than the November

    3%

  2. ELSTAT confirms third consecutive year or fiscal surplus in 2018
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    billion, from 85.49 billion, however lower as a percent of GDP at close to 47 percent, from 47.44... notification and the first one that was published in April this year. The total surplus is lower by 0.1

    3%

  3. Alpha Bank posts net profits of 4.7 mln in Q3
    Photo by MacroPolis

    EconomyBanking

    from the lower contribution from loans, due to spread pressure, and the negative effect from the bank’s bond portfolio were partly counterbalanced by the lower wholesale funding costs. The Net

    3%

  4. Industrial turnover drops by 7.4 pct in October
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyMacroeconomy

    percent. The drop in the domestic market was driven by mining and quarrying lower by 12.9 percent..., lignite and oil and gas extraction activities. The drop in manufacturing was affected by lower coke

    3%

  5. Mitsotakis sets out economic goals for 2020 as govt vies for extra fiscal space

    PoliticsGreek Politics

    lower contributions, as an important factor in improving the competitiveness of Greek companies... analysis (DSA) will be needed and Greece will have to prove that a lower primary surplus will not have

    3%

  6. Public investment under spotlight amid arguments over budget execution
    Photo by MacroPolis

    EconomyMacroeconomy

    of the spending under-execution came from a lower investment spend of 1.12 billion euros, 808 million of which... of lower spending came from the state’s operational expenses and subsidies, which came to 820 million

    3%

  7. Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    and to be reduced to 2.5 percent next year, following the new government’s drive to agree lower targets with its..., following an expected 2.2 percent rise in 2019, assisted pent-up investment demand, lower

    3%

  8. Alpha Bank posts net profits of 97.1 mln in 2019
    Photo by MacroPolis

    EconomyBanking

    disbursements at the end of Q3, lower wholesale funding costs and increased income from investments which... and commission income fell by 2.6 percent in Q4 to 93 million euros, mainly driven by the lower contribution

    3%

  9. Budget primary balance dips to deficit of 1.51 bln in April on Covid-19 measures
    Photo by Manolis Tsafos/Fosphotos

    EconomyMacroeconomy

    . Revenues On a monthly basis, net revenues came to 3.01 billion euros, 1.18 billion euros lower than.... State budget total revenues stood at 15.44 billion euros, lower than the target by 1.24 billion or 7.4

    3%

  10. EU funds seen as cushioning Covid-19 impact, giving govt fiscal space
    Photo by Angelos Christofilopoulos/Fosphotos

    PoliticsGreek Politics

    this latest step and government pledges to support hoteliers and other businesses affected by lower... by lower revenues and social security contributions this year as a result of the reduction in economic

    3%