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  1. Budget primary balance in H1 beats target by 1.47 bln on back of improved tax haul
    Photo by MacroPolis

    EconomyMacroeconomy

    balance up to June showed a deficit of 6.55 billion euros, from a 12.22-billion-euro deficit in June 2021... target. Expenditure Up to June, overall expenditure stood at 32.81 billion euros, coming short

    3%

  2. Fire on outskirts of Athens puts PM's crisis strategy under scrutiny
    Image: MacroPolis

    PoliticsGreek Politics

    . The fire broke out on the slopes of Mount Pendeli, northeast of the city centre, and raged through built-up... about the “unprecedented bureaucracy” he has encountered since taking up the job in Greece, which he

    3%

  3. Industrial turnover posts 53.1 pct YoY growth in May, biggest rise during pandemic recovery
    Photo via https://flic.kr/p/8svhf

    EconomyMacroeconomy

    in manufacturing revenue, with mining and quarrying index also up by 15.1 percent. Manufacturing turnover... in the domestic market increased by 55.7 percent, while the non-domestic market was up by 49.4 percent

    3%

  4. Opposition challenges government account of prompt wildfire response
    Image: MacroPolis

    PoliticsGreek Politics

    difficult conditions, with gale-force winds driving the fire through built-up areas, the main aim...-up areas, and that police officers sent to the scene lacked any training or equipment

    3%

  5. Led by lending to corporations, June credit growth of 4.5 pct is highest in a decade
    Photo via https://flic.kr/p/GG7K6F

    EconomyMacroeconomy

    Credit movement in the Greek private sector picked up pace in June, rising by 4.5 percent year-on-year (YoY), from 3.3 percent in May, and 2.8 percent in April, Bank of Greece (BoG) figures released..., taking the balance to 30.31 billion euros. Consumer credit was up by 64 million euros, to 8.81

    3%

  6. Assisted by trading gains and cleaner balance sheet, Eurobank books 760 mln profit in H1
    Photo by MacroPolis

    EconomyBanking

    instruments, was up to 572 million euros in H1, from 45.3 million in H1 2021. Operating expenses increased... ratio was 14 percent in H1, up from 13.6 percent in the previous quarter.

    3%

  7. Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank posted a net profit of 614 million euros in the first Half (H1) of 2022, from losses of 2.45 billion euros last year, due to 3 billion euros in clean-up impairments in H1 2021. In H1 2022, clean-up impairments stood at 269 million euros Asset quality The NPE ratio at the end of H1

    3%

  8. Balance of payments shows shipping on course for bumper year, but economic benefits unclear

    EconomyFeatures

    of transportation receipts. It made up 85 pct of the sector’s receipts pre-pandemic, in 2019. At the time... in receipts of 17.2 billion euros in 2021, up from 12.5 billion in 2020, and close to the biggest year

    3%

  9. Spying scandal triggers high-level resignations, serious questions for government and PM
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    , in what is shaping up as the biggest scandal yet during Kyriakos Mitsotakis’s tenure. Although New... and transparency that reach all the way up to Prime Minister Kyriakos Mitsotakis. The two officials

    3%

  10. Growth of industrial production accelerates to 8.4 pct in June, highest rate for 2022
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in mining and quarrying. The monthly movement was led by electricity supply, up by 11.4 percent, while manufacturing was up by 1.2 percent and mining increased by 6.4 percent. Water supply dropped by 0.2

    3%