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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBankingcorresponds to 4.4 percent of total assets. The bank’s Basel III Common Equity Tier 1 (CET1) ratio... YoY in H1 but rose 1 percent QoQ with net interest margin (NIM) improving to 2.74 percent in Q2. The quarterly rebound in NII is attributed to Turkey (up 6 percent), while Greek NII eased 1 percent QoQ
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Stability Programme sees improved growth, primary surplus above 2 pct from 2024
EconomyMacroeconomy. The primary balance rises above 2 pct of GDP next year, up to 2.5 pct of GDP by 2026, which is broadly... to almost achieve a balanced total budget by 2026, down to a deficit of just 0.1 pct of GDP, from 1.8.... Private consumption will continue to grow by 2 pct in the two next years, towards a more moderate
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New tax debt at 4.94 bln to October, jumping by 1.04 bln month-on-month as debtors rise
EconomyMacroeconomyof 670 million month-on-month, bringing the total to 4.27 billion euros compared to 3.60 billion... unpaid, according to the latest data from the IAPR. Total debtors now stand at 4.37 million... since September 2019. The total for legacy tax arrears (i.e. those created before 2017) stood at 102.47
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Government readies up to 2 bln in assistance for shuttered firms and employees
EconomyFinance Minister Christos Staikouras announced on Wednesday a second round of coronavirus-related support measures for the Greek economy, which will total roughly 2 billion euros. The measures... and processing tax refunds as soon as possible. Total state arrears stand at around 2 billion euros
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IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
EconomyMacroeconomydeterioration of the current account. This is largely due to the oil deficit that exceeded 2 billion euros... pct this year and significantly lower at 1.8 pct of GDP next year. The total deficit settles at 0.9... deficit of 1.9 pct in 2022, with surpluses increasing from 1.1 pct of GDP in 2023 to 2 pct of GDP in 2027
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New overdue taxes rise by 610 mln in May, total stock remains above 100 bln for fourth month
EconomyMacroeconomy. The amount of VAT due came to 896.1 million, falling against April’s figure of 1 billion. Income tax due fell... of the total figure for new tax, or roughly 4.22 billion, stems from tax categories. The remainder is related.... The total number of tax debtors declined month-on-month for a fourth consecutive month, and fell by 49,407
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New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month
EconomyMacroeconomyto 1 percent. The rate for the first half of the year totalled 75.1 percent, or 466.6 million of 621.7... of ENFIA tax becomes due. Just over 88 percent of the total figure for new tax, or roughly 4.91... went unpaid according to the latest data from the IAPR. The total number of tax debtors increased
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New overdue taxes rise by 1.37 bln in Feb, total reaches 104.4 bln
EconomyMacroeconomyfor the same period last year by 54.5 percent. In January, the total came to 776 million euros. New unpaid... to 81.2 percent, with 2 billion paid out of 2.46 billion due. Income tax due fell to 19.8 million from... of the total figure for new tax, or roughly 2.04 billion, stems from tax categories. The remainder is related
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomy) fell 2 percent in May, which was a faster pace compared to the preceding months. May's figures mean.... The 2 percent decrease of the CPI in May is largely due to a drop in prices of three sectors... 1 percent for 2014-15.
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GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year
EconomyMacroeconomyto 2.7 percent year-on-year (YoY), from a 2 percent YoY rise in Q1. The quarterly movements in Q2... decreased by 1.2 percent and imports increased by 1 percent. The export drop was led by a decrease... components recovered. Final consumption increased by 2 percent YoY, while investments also increased
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