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  1. General govt primary cash surplus improves to 1.4 bln in Jan, arrears rise to 4.8 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in January from 1.3 billion a year ago, the Finance Ministry (MoF) gg bulletin showed on Tuesday... to 565 million from just 31 million last year. Specifically, SSFs revenues soared almost 30 percent.... Although all other sub-sectors posted a positive primary balance, it deteriorated from the previous year

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  2. Nouy voices concern about impact of uncertainty on banks, rebuffs capital concerns
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    ) Daniele Nouy confirmed that the first two months of the year were “a little bit disappointing” regarding... of this year. It is pointed out that the deposit flow in the Greek banking system turned negative in January... was also evident a year ago, when the December 2015 positive flow of 2.65 billion was followed

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  3. General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in the 2-month period of 2017 from 3.04 billion in the corresponding period last year, the Finance... a substantial improvement. Their primary cash surplus climbed to 597 million from just 9 million a year ago... revenues declined by 1.27 billion from last year to 12.22 billion largely reflecting a decrease

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  4. Net job hirings at record high of 38,517 in March, lead to positive balance in Q1
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    29,351 a year ago, data from the Labour Ministry’s Ergani information system showed on Wednesday. This year’s figure is the highest positive reading for March since 2001. Specifically, hirings stood... in Q1 edged down by 196 from the figure of 33,834 posted a year ago. The positive employment

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  5. Fiscal surplus back in focus ahead of IMF debt discussions
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    primary surplus that year, well short of the 3.5 percent target. Some local media and New Democracy... that following an agreement with the creditors, Parliament approved last year the creation of a fiscal.... This is what sparked the discussion late last year about the need for more spending and revenue interventions

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  6. Current account deficit expands to 937 million in Feb
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    from 828.1 million last year, Bank of Greece (BoG) figures revealed on Thursday. The deterioration... from just 6.4 million a year ago. Furthermore, the deterioration in the primary income account... billion euros, up by 511.6 million from last year, on the back of a rise in imports by 18.8 percent

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  7. Significant drop in number of Greek citizenships granted
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    than in the previous year and 15,500 fewer than in 2013, when the number of new citizenship approvals... who acquired the citizenship of a country during a year over the stock of foreign residents in the same country at the beginning of the year – Greece is below the EU average of 2.4 citizenships granted

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  8. These were the key drivers behind Greece's strong fiscal performance in 2016
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    a year ago. The breakdown revealed that the significant fiscal consolidation largely reflects a rebound... posted insignificant changes from last year and stood at 1.7 and 2.83 billion respectively. The overall balance grew by 6.8 billion from the previous year and turned to a surplus of 1.22 billion in 2016

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  9. Eurobank stays profitable in Q1 with net earnings of 36.5 mln
    Photo by MacroPolis

    EconomyBanking

    the conference call, the management said that the bank is on course to meet its NPE reduction target this year... deposit spread. Meanwhile, operating expenses dropped by 3.4 percent from the previous year and stood... losses rose by 1 percent QoQ and 7.5 percent year-on-year to 188.2 million, corresponding to a cost

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  10. Current account deficit widens to 1.3 bln in March
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    772.4 million a year ago, Bank of Greece (BoG) figures showed on Monday. The deterioration largely... to 76.5 million from 31.3 million last year, mostly reflecting a sharp drop in travel payments by 33... the travel surplus up to 140.1 million from 76.4 million a year ago. Financial account Residents

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