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  1. Five-month budget primary surplus confirmed at 1.84 bln, beats target by 790 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The budget primary surplus was confirmed at 1.84 billion euros in the 5-month period of 2017, up by 26.5 percent from last year’s figure of 1.46 billion, the Finance Ministry (MoF) final budget... taxes (by 348 million), while direct taxes beat target by 38 million. Specifically, income tax edged up

    3%

  2. Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in the previous month.The balance edged up to 13.14 billion. In contrast, deductions in the housing sector..., mostly stemming from mortgages. Specifically, net deductions in the housing lending sector edged up

    3%

  3. Samsung buys out Innoetics in latest boost for Greek tech sector
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    startup success story. Innoetics was bought up with 100 percent ownership by Samsung at a sum that has... bought out the Greek start-up TaxiBeat for a reported 43 million euros. In 2016, the advertising startup

    3%

  4. UN steers clear of Cyprus blame game as focus moves to hydrocarbons
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    the importance of a cooling off period and very much underlined the mental idea that it's up... aiming to drill in the Mediterranean has blown up the efforts of a solution.” Turkey's Foreign

    3%

  5. IMF approves programme "in principle," repeats position on debt and reforms
    Photo by World Bank via Flickr https://flic.kr/p/bPr6Y6

    EconomyProgramme

    sector and the importance of the programme focus on setting up the framework that will facilitate debt... “focus on redoubling efforts to open up still protected product and service markets, so as to facilitate

    3%

  6. Judicial system becomes key battleground for political parties
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    The growing tension between the government and the country’s judiciary has moved up a level this week, with justice officials taking the uncharacteristic step of issuing a warning to the executive... of overreach by the executive and a compromised judiciary will feature high up on the key concerns

    3%

  7. Bond success questioned as coalition looks to build on trial issue
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    likened it to the country being brought up from the basement to ground-level, although he added... but past experience means there are doubts about how quickly the process can be wrapped up. The coalition

    3%

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

    EconomyProgramme

    . The estimate for revenues from asset sales and privatisations is a mere 2 billion euros up to 2030, at just... after 2070. In similar fashion, gross financing needs are kept below 20 percent of GDP up to 2040

    3%

  9. SYRIZA tries to look forward but struggles to escape past
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    to avoid living up to the commitments made to the lenders and he said that this approach only... Tzankopoulos described the coalition’s three main goals as being completing the programme, speeding up

    3%

  10. Mandatory e-payments come into force as Greece seeks to boost card use further
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyFeatures

    a fine of up to 1,500 euros. Those who can provide proof of being in the process of installing a card... is rife, having a POS could end up being a tick in the box rather than an active tool to counter

    3%