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  1. Budget balance up to May well above target as VAT brings in 650 mln more than planned

    EconomyMacroeconomy

    euros. Net revenues were 30.22 billion euros. The total budget balance for May showed a surplus

    6%

  2. Tsipras aim to redraw political map as ND drafts plan to contain ELAS
    Image: www.syriza.gr

    PoliticsGreek Politics

    million to 600 million annually; and 1,200 tax exemptions worth 30% of total state revenue

    6%

  3. Building activity maintains strong first quarter with 22.3% YoY rise in March
    Photo by MacroPolis

    EconomyMacroeconomy

    Building activity jumped in March, with a rise of 22.3 percent year-on-year, after an increase of 5.4 percent in the previous month, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday. The total number of permits issued in February reached 2,697, from 2,206

    6%

  4. Corporations at forefront of 5.53 bln deposit inflow in May
    Photo via https://flic.kr/p/95a2dS

    EconomyMacroeconomy

    were down by 13 million to 33.04 billion. Total deposits, which also include the general government

    6%

  5. Loans to businesses keep credit growth at 7.4% YoY in May
    Photo via https://flic.kr/p/MsYXsT

    EconomyMacroeconomy

    -financial corporations was up by 427 million euros. The corporate lending total balance stood at 93.38

    6%

  6. Unemployment slides to 8.1% in May as male and youth rates improve
    Photo by MacroPolis

    EconomyMacroeconomy

    of employed people increased by 20,712 people, with total employment at 4.35 million people

    6%

  7. PBO sees resilience in economy, revises growth outlook slightly down

    EconomyMacroeconomy

    % of the total housing stock, approximately 2.28 million units, remains vacant. The PBO argues that the housing

    6%

  8. Pension policy U-turn highlights government’s election concerns
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    pension. The provision affected a total of 120,000 pensioners, and the government chose to delay its

    6%

  9. Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
    Image: Chevron

    EconomyMacroeconomy

    percent, bringing the total to 12.45 billion euros. Imports rose by 4.4 percent, while exports

    6%

  10. Greece relies on labour, VAT and green taxes more than any EU member
    Photo by EC - Audiovisual Service

    EconomyFeatures

    taxes - the highest ratio in the EU. These revenues account for 9.4% of Greece’s total tax mix, nearly

    6%