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Feb prim surplus confirmed at 2.8 bln, as taxes remain strong and spending contained
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 2.8 billion euros by February, compared to a surplus of 3.38 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednes...
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Strong set of 2024 fiscal data provides space for voter-friendly handout package
EconomyMacroeconomyELSTAT published on Tuesday the latest fiscal data for the 2021 to 2024 period, recording a significant primary surplus that was accompanied by an announcement from PM Kyriakos Mitsotakis of a surprise handout package worth 1.1 billion euros in support ...
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Significant underspend and strong tax revenues push primary surplus to April above 5 bln
EconomyMacroeconomyThe budget primary balance ran a surplus of 5.17 billion euros by April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday. The primary balance came in at 3.19 billion euros above the target. Expenditu...
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Strong income tax revenues and contained spending maintain budget outperformance in May
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 5.34 billion euros up to May, compared to a surplus of 3.2 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesda...
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Primary surplus at 4.52 bln by Jun thanks to strong taxes, contained spending
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 4.52 billion euros up to June, compared to a surplus of 2.91 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday...
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Piraeus Bank reports profits of 559 mln in H1, commissions income strong at 325 mln
EconomyBankingPiraeus Bank posted a net profit of 559 million euros in H1 2025, from 563 million euros in H1 2024. Net interest income (NII) came to 955 million euros in H1, while net fee income was 325 million euros, from 1.05 billion and unchanged respectively in H...
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Wages grew by 8.7 pct YoY in Q2 thanks to strong seasonal hires
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index grew by 8.7 percent year-on-year (YoY) in Q2, from 6.2 percent in the first quarter of 2025, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The wages index captures employees’ gross earnin...
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Strong tax revenues, major underspend lead primary surplus 3.57 bln above target in Aug
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.5 billion euros up to August, compared to a surplus of 7.57 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Thurs...
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Oct budget execution data affirms strong revenue performance
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 10.25 billion euros up to October, compared to a surplus of 13.53 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on T...
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EastMed pipeline close to high-level agreement, but still a long way from becoming reality
EconomyFeatureschange mitigation remains strong, with the EU parliament recently voting for a legally binding target.... Pompeo’s presence at the Jerusalem summit is interpreted as a strong statement of support from the US... an agreement with Egypt for a sub-sea pipeline from the offshore Aphrodite field to Egypt. Most producer
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