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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomyof Greece (BoG) H1 data, non-residents’ direct investment in Greece showed a net inflow of 936 million. In addition, under the portfolio investment a net inflow of 4.6 billion was recorded, mainly..., whilst the latter suggests the sharpest drop since Q4 2011. The continued strong rebound
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Budget primary surplus hits 1.74 bln in 4-month, beating target on strong underspend
EconomyMacroeconomyreflects strong underspend, with primary expenditure coming in 1.19 billion lower than target... privatisation revenues and higher tax refunds meant that net revenues fell short of their target... and the higher tax refunds. This led to net revenues of 14.57 billion in the 4-month period
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Lending to corporations drives strong credit expansion of 10.2 pct YoY in Jun
EconomyMacroeconomyon Friday showed. The net lending flow was positive by 2.34 billion euros after an inflow of 518 million euros in May, with strong inflows over the last few months. The outstanding balance was 126.05 billion euros. The corporate lending balance’s net monthly flow was positive by 2.36 billion euros
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Budget primary surplus to Sept reaches 5.45 bln on strong revenue performance
EconomyMacroeconomya strong underspend (by 1.91 billion) coupled with a revenue outperformance of 1.54 billion. The Public... of the personal income tax. As we have previously noted, the strong revenue collection could... the release of final budget execution bulletin due after October 20. Following the strong performance
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Newsletter 213 -07/01/2019
reaffirms the strong fiscal performance over the last years, which saw the primary balance settle at 4.3.... After strong growth in recent months, June’s reading signals the lowest reading since November 2017... contraction is the lowest since January 2011, when a drop of -0.2 percent was noted. The net lending flow
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NBG reports full year net profits of 50 million euros from continued operations
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 1 million euros from continued operations... (Q3). Factoring in discontinued operations, net results reflected a loss of 120 million euros in Q4 compared to a profit of 17 million euros in Q3. On an aggregate basis, net profits from continued
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingAlpha Bank reported net profits of 65.2 million euros for the first quarter (Q1) of 2018, reversing... percent higher than the results posted for Q1 2017, which stood at a net profit of 48.2 million... net interest income (NII). The difference year-on-year (YoY) was a decline of 9.7 percent compared
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Mitsotakis identifies triangulation as key to success, Kasselakis gathers MPs for policy talks
PoliticsGreek Politicsof Foreign Policy magazine, Mitsotakis spoke of Greece being in a strong position going into 2024... discussions aimed at getting the leftists out of the rut they have been in since last summer’s
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ND struggles to gain traction on back of tax-cut pledges as voters’ trust remains low
PoliticsGreek Politicsfeel positively, suggesting that while the initiative stirs strong emotions, it has not yet... that it will not be able to use such incentives to work its way out of the recent rut it finds itself in. Opinion
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Coca-Cola HBC net revenues rise by 1.2 pct in nine-month period
EconomyCorporatesCoca-Cola HBC’s results for the first nine months (9M) of 2018 showed that net sales revenue grew.... On an FX-neutral basis, revenue for the 9M period grew by 5.7 percent. In terms of volume, strong... markets volumes increased by 11.3 percent. This was driven mostly by strong growth in Poland. In Greece
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