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  1. Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
    Image via www.piraeusbank.gr

    EconomyBanking

    a profit of 44 million euros compared to a net profit of 20 million in Q2 2019. This marks a fifth... (NII) dropped by 1 percent QoQ to 353 million euros, representing a rise of 1 percent year-on-year... (project Phoenix), with a time frame to completion in H1 2020, along with 1 billion commercial

    15%

  2. Newsletter 17 - 27/02/2015

    Newsletters

    euros to the International Monetary Fund in March. Revenues falling almost 1 billion short... rubbing salt into the Greek side’s wounds after the Eurogroup deal on February 20, when he wondered aloud... and IMF managing director Christine Lagarde negotiated on February 20 with Varoufakis in one room

    14%

  3. General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up

    EconomyMacroeconomy

    fiscal change this year of almost 1 billion YoY. This sector has had the worst fiscal performance so... million, making up more than 20 percent of outstanding arrears. Social security funds followed suit..., tax refunds fell by 20 million MoM and a total of 127 million year to date, reaching 628 million

    14%

  4. Newsletter 39 - 21/08/2015

    Newsletters

    date of the elections, which are likely to be held on September 20 or 27. The New Democracy leader’s... account balance was in surplus for the second successive month in June but it narrowed by 20 percent year on year (YoY), falling to 1 billion euros from 1.25 billion in 2014. The YoY deterioration mainly

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  5. Greek stocks post weekly rise of 5.6 pct, with banks rebounding strongly

    Economy

    than 20 percent in each of the preceding two weeks. In contrast to the prevailing sentiment after the September 20 elections, investors appear now more confident that the new government will complete... of the second sub-tranche of 1 billion by November 15. Furthermore, Greek Prime Minister Alexis Tsipras said

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  6. Tsipras invokes political solution to resolve labour reform stand-off
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    the Eurogroup on March 20, are the new fiscal measures demanded by the institutions, the expansionary... to pre-legislate a reduction of the tax-free threshold worth 1 percent of GDP and the same, or nearly... though the February 20 Eurogroup statement, Eurogroup chief Jeroen Dijsselbloem and European Economic

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  7. Ahead of vote, Tsakalotos appeals to SYRIZA MPs with positive message
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    , May 20, but not after that. With just a few days left until SYRIZA MPs are called upon to support... as it first appears. He said that the reduction in the initial rate of income tax from 22 percent to 20... VAT on agricultural products from 24 percent to 13 percent as of July 1 this year

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  8. IMF sees eurozone debt relief pledges failing to deliver sustainability
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyProgramme

    Following the executive board meeting on July 20 that approved in principle the precautionary Stand... Greece to grow close to 2 percent as the economy recovers, with real long-term growth at 1 percent... after the latest round of capital increases to just 20 percent (from 60 percent previously

    14%

  9. Eurogroup marks end of cycle and squaring of circle for Greece
    Photo via Fosphotos

    Agora

    20 percent of GDP, in order to give comfort to the IMF and without incurring any additional costs... privatisations (expected at 2 billion in 2018 and over 1 billion in 2019) set the current cash buffer plan at 18... to a special account in Bank of Greece and currently stands at 20 billion euros. The Commission

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  10. Mitsotakis promises 'new normality,' lines up tax cuts straight away

    PoliticsGreek Politics

    the minimum monthly payment would be reduced from 30 to 20 euros and the interest rate would be brought down from 5 to 3 percent. He added that companies owing up to 1 million euros would be allowed... percent (and from 24 to 20 percent next year). The tax on dividends will be reduced from 10 to 5

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