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  1. Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
    Photo by MacroPolis

    EconomyMacroeconomy

    to 24.39 billion euros. Net revenues came to 30.87 billion euros. The budget balance up to June... euros, while other revenues were up by 1.09 billion euros. Approximately 470 million euros of the tax

    3%

  2. Spyware probe reveals multiple targets, prompts opposition calls for answers
    Image: https://flic.kr/p/2iZn7vV

    PoliticsGreek Politics

    on the government to come up with answers about how the illegal wiretapping took place. PASOK leader Nikos... involved private actors no longer stands up to scrutiny. The leftists said that the extent of the snooping

    3%

  3. Current account deficit narrows further in May, down by over 3 bln in first five months
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    billion euros in May 2022. Exports were 21.33 billion, up from 20.22 billion last year. The travel balance... euros, from 2.48 billion up to May 2022.

    3%

  4. Government focuses on safe evacuation as pressure from fires mounts
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    , the criticism coming from opposition parties is that the government appears to have given up on trying... is always keen to pick up on, often unproven, theories about how blazes start. In the case of Rhodes

    3%

  5. Fires cast growing shadow as new shipwreck probe is announced
    Photo by MacroPolis

    PoliticsGreek Politics

    for now, and it will be up to the Finance Ministry to find the necessary fiscal space to cover... on Wednesday of using the climate crisis as an excuse to cover up his administration’s failings in improving

    3%

  6. Government tries to deflect criticism over wildfires with appeal to patriotism

    PoliticsGreek Politics

    , however, took place against the grim backdrop of wildfires which continued to spring up on new.... Up until the crash, Mitsotakis and his officials had been able to stave off criticism by reminding

    3%

  7. Piraeus Bank NII at 881 mln in H1 after nearly doubling YoY in Q2
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank posted a net profit of 300 million euros in H1 2023, with Q2 2023 profit at 120 million euros, up from 92 million in the same quarter of 2022. Normalised operating profit was 442 million... to 202 million euros in H1, standing at 181 million in Q2, up from 117 million euros in 2022. Balance

    3%

  8. Stress tests not proving stressful for Greek banks any longer

    EconomyBanking

    is at 13.2 pct at the starting point of the end of 2022 with a CET1 of 13.2 pct and ends up with 8.9 pct... cleaned up their balance sheets assisted by securitisations of the Hercules APS and a limited flow

    3%

  9. Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
    Photo by MacroPolis

    Economy

    After the R&I rating agency of Japan, it was Scope Ratings from Germany on Friday that moved Greece up by one notch to ‘BBB-‘, which is within the investment grade category, with a stable outlook... that Greece’s credit strengths are backed up by the supportive stance of the eurozone partners

    3%

  10. Labour bill controversy dents plans for announcements of new measures in Sep
    Photo by Gerasimos Domenikos/Fosphotos

    PoliticsGreek Politics

    , as the wind is expected to pick up. Also, the government is due to unveil this week its draft law introducing... interventions in Greece’s labour legislation, in 2021, which allowed employees to work up to 11

    3%