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  1. May cash deficit improves markedly YoY as revenues rise by 3.5 bln
    Photo via https://flic.kr/p/GG7K6F

    EconomyMacroeconomy

    of Greece on Friday. The overall cash balance was a deficit of 933 million euros, from a deficit of 2.2... euros. The Public Investment Budget (PIB) balance came to a deficit of 348 million euros, broadly..., the central government's primary balance was a deficit of 1.75 billion euros, from 8.23 billion euros

    5%

  2. Business transformation brings profit of 243 mln euros for Alpha Bank in H1
    Photo by MacroPolis

    EconomyBanking

    transformation, higher impairments and transactions related to the balance sheet clean up. Core pre... of the balance sheet clean-up - which consisted of the Project Galaxy securitisation... impairments dropped by 16 percent to 140 million euros, from 166 million in H1 2021. Balance sheet

    5%

  3. Alpha Bank profits of 92.7 mln in Q3 raise 9M income to 335.4 mln
    Photo by MacroPolis

    EconomyBanking

    transformation, higher impairments and transactions related to the balance sheet clean up. Core pre... 2021 in terms of the balance sheet clean-up - which consisted of the Project Galaxy securitisation.... Balance sheet The Group’s net loans amounted to 38.86 billion euros in 9M 2022, a rise from

    5%

  4. Unemployment drops to 10.8 pct in Jan, lowest since debt crisis began
    Photo via https://flic.kr/p/2cusZK8

    EconomyMacroeconomy

    showed that Greece’s employment balance was negative by 27,611 positions in January. During the full year in 2022, the employment balance was positive with 72,847 more jobs, against a positive balance

    5%

  5. Unemployment increases to 11.4 pct in Feb, inactive population rises
    Photo by MacroPolis

    EconomyMacroeconomy

    employment balance was negative by 27,611 positions in January. During the full year in 2022, the employment balance was positive with 72,847 more jobs, against a positive balance of 133,082 last year

    5%

  6. EC keeps growth estimates broadly unchanged, fiscal outlook improves markedly
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    in May. On the fiscal side, the budget balance will stand at 0.6 percent of GDP this year, falling further to near balance in 2025 and then run a small total surplus of 0.2 percent of GDP in 2026. This is a significant improvement from the previous estimates that saw the balance at -1.2 percent

    5%

  7. Despite lukewarm reaction, PM insists tax cuts will pave way to third term
    Image: https://www.primeminister.gr/

    PoliticsGreek Politics

    cuts begin to be felt in the new year the balance will shift in his favour. Mitsotakis insisted... that although ND has a healthy lead over its biggest rival, the balance remains substantially..., compared to 96 pct among confirmed ND voters. The package may tip the balance slightly for some

    5%

  8. Special ELSTAT report reveals dramatic changes in labour market since 1980s
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . During the current crisis, the jobless rate more than tripled. It peaked at 27.5 percent in 2013 but has decreased by more than 2.5 percentage points (pp) since then, falling to 24.9 percent in 2015... (less than 5 months) exceeded the long-term figure. Long-term to total unemployment started rising

    5%

  9. Building activity in Greece fell by nearly 40 pct in year to September

    EconomyMacroeconomy

    percent in volume. As expected, the bulk of total building activity (more than 90 percent) is related...-performing loan ratio has more than tripled to 24.0 percent at the end of June 2013 from 7.4 percent... by the prevailing Greek crisis. The evolution of housing loans balances – indirectly linked to building

    5%

  10. Building activity posts first rise in 20 months but overall picture grim

    EconomyMacroeconomy

    than 90 percent) is related to the private sector. The regions with the highest decline are Epirus...-performing loan ratio has more than tripled to 24 percent at the end of June 2013 from 7.4 percent at the end... is among the worst affected by the Greek crisis. The evolution of housing loans balances, which

    5%