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  1. Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in the 6-month period to 3.81 billion, slightly (-12 million) below target. Meanwhile, privatisation... successive month by 7 percent in June, after a double-digit drop of 11.8 percent in May and landed at 3.24

    11%

  2. General govt primary cash surplus at 4.10 bln in seven-month, arrears rise to 5.44 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    (-7 million), hospitals (-4 million) and local governments (-1 million). From the beginning... guarantees remained at 1.88 billion for a second month. The remaining guarantees of over 12 billion

    11%

  3. Despite cuts, pension system still at risk due to old-age dependency
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    countries, pensioners over 65 were found to have an average income which was around 12 percent lower... the average population. However, in Greece and Spain in particular, the rate was only 7 and 10

    11%

  4. Total overdue tax obligations rise to 101.86 bln in Dec, new debt up by 1.30 bln
    By Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    stands at 12.93 billion euros. This represents a decline of 7 percent against the figure... to 9.2 percent. On an aggregate basis, the rate came to 12 percent, slightly down from the rate

    11%

  5. Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
    Image via www.alpha.gr

    EconomyBanking

    Assistance (ELA) funding was reduced by a total of 6.2 billion since December 2016 to 7 billion in December... (-12 bps). The bank noted that their tangible book value stood at 9.2 billion euros, which remains

    11%

  6. Greece’s unstable and confusing tax system failing to deliver results
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    2008-2016, Greece’s GDP plunged by 27 percent, while tax revenues declined by only 7 percent, reflecting... on an income of 25,000 euros and under per year paid just under 33 percent of all taxes. Just under 12 percent

    11%

  7. Tourism accounts for 27.3 pct of Greek GDP in total, study shows

    EconomyFeatures

    percent) and the Ionian islands (12 percent). Broken down by direct revenue contributions to regional... the same at 7 nights. Inbound tourism excluding cruises increased by 9.7 percent to 24.8 million

    11%

  8. Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
    Photo by MacroPolis

    EconomyBanking

    was reduced from 7 billion ini Q4 to 4.8 billion in Q1, declining again to 3 billion in May. ECB... (+12 bps) and lower risk weighted asset impact (+19 bps), which offset a reduction from available

    11%

  9. Building permits fall by 2.3 pct in March, absolute permits rise above 1,000
    Photo by MacroPolis

    EconomyMacroeconomy

    Macedonia (12 percent). The three largest rises were noted in the Ionian islands (+43.2 percent...), falling by 7 percent compared to the same time last year. The smallest number of absolute permits

    11%

  10. Newsletter 166 -15/06/2018

    Newsletters

    permits), falling by 7 percent compared to the same time last year. Building permits fell by 2.3 percent... percent), Epirus (-20 percent) and central Macedonia (12 percent). For the first three months from

    11%