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  1. Gov't adopts patchwork of measures to overcome liquidity problems

    EconomyProgramme

    : 310 million on March 6, 348 million on March 13 and 581 million on March 16. The last tranche... remaining 310 million relate to 90 percent of HFSF current cash reserves that until the end of 2015... to the preliminary budget execution for February, primary expenditure was 538 million better than the target

    12%

  2. NBG reports net losses in Q2, NPEs down for fifth straight quarter
    Photo by MacroPolis

    EconomyBanking

    -provision income (PPI) fell by 3 percent quarter on quarter (QoQ) to 232 million, reflecting a drop... quarter going forward. Operating expenses edged up by 0.3 percent QoQ to 232 million, while the H1... 100 million have been recorded so far in Q3. As a result, the loan to deposit ratio improved further

    12%

  3. Greek primary budget surplus rises to 2.53 bln at end of September
    Photo by MacroPolis

    Economy

    Greece’s budget execution showed the primary surplus widening to 2.53 billion euros in the 9-month... compared to August. The 9-month budget deficit stood at 2.29 billion euros, also displaying a better... reflects lower MoM interest payments in September. Both 9-month primary and budget balances continue

    11%

  4. Budget primary surplus of 2.1 bln in 2-month on large underspend in Feb
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The budget primary balance posted a surplus of 2.12 billion euros in the 2-month period of 2017..., the Finance Ministry’s (MoF) preliminary budget execution bulletin revealed on Tuesday. This year’s... in February with the 2-month figure up by 18.6 percent to 645 million, which was 100 million above

    11%

  5. Athens preparing to present budget plans to lenders after tax cut pledges
    Photo via Fosphotos

    EconomyProgramme

    . The Finance Ministry has been working on the draft 2020 budget, which it has to submit to the European... to 5 percent will have a fiscal impact of 100 million euros. Reducing the introductory income tax..., been collected so far. The government has already pointed out to the local media that budget revenues

    11%

  6. Despite ongoing budget talks, ND eyes more relief measures in coming months
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Even though negotiations between Athens and the institutions regarding next year’s budget...’s budget as New Democracy decided to focus on lowering income and corporate taxes. In a speech... from us,” he told the conservative lawmakers as he set out the government’s plans for the next 100

    11%

  7. Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance for the first eight months of 2022 came to a small surplus of 20 million... to the final Finance Ministry (MoF) budget execution data released on Monday. The primary balance beat... budget, came to 34.24 billion euros. Net revenues reached 39.23 billion euros, above the target

    11%

  8. Final budget execution data for Sep highlights overperformance in most tax categories
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance for the nine months of 2022 came to a small surplus of 52 million euros... to the final Finance Ministry (MoF) budget execution data released on Tuesday. The primary balance beat the target by 5.94 billion euros. Expenditure, excluding interest payments and the public investment budget

    11%

  9. Final 2026 budget foresees stable growth and strong tax performance
    Photo by MacroPolis

    EconomyMacroeconomy

    The Finance Ministry tabled in Parliament on Thursday the final budget for 2026, which sees growth..., from 5.7 percent rise this year. It should be noted that in last year’s budget submission for 2025... government will land at 138.2 percent of GDP, from 145.9 percent this year. The final budget affirms

    11%

  10. Govt counts cost of own energy package as hopes of coordinated EU response fade
    Photo via https://flic.kr/p/2jr5z2o

    PoliticsGreek Politics

    1.5 billion euros from the Energy Transition Fund and 1 billion from the national budget. The latest budget figures submitted by Athens for the Stability and Growth Pact include 4.3 billion euros... an immediate embargo on Russian oil, asking for such a measure to be delayed until autumn or winter

    11%