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Central gov't cash deficit down to 1.14 bln in March
EconomyMacroeconomyGreece’s central government net balance to March on a cash basis showed a deficit of 1.14 billion. 59 percent lower compared to last year’s 2.76 billion, according to the Bank of Greece (BoG... basis. The remaining difference (277 million) is owed to changes in the state accounts with the BoG
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Primary cash balance posts deficit of 316 mln in first 5 months
EconomyMacroeconomyof the year. It is noted that, excluding arrears’ payments, the respective figure dropped by 277 million... stemmed from a rise in net revenues by 3.7 percent coupled with a drop in expenditure by 3 percent
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Primary cash surplus at 20.34 bln in November as revenues grow
EconomyMacroeconomymillion euros to stand at 253 million. On an aggregate basis, interest payments showed a decline of 277... billion euros. Primary expenditure came to 37.35 billion euros and was below target by 1.25 billion. Net
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Opposition frets over foreclosure decision as ND casts net for new faces
PoliticsGreek PoliticsAccording to reports on Friday, the Supreme Court has ruled that funds and servicers can trigger home foreclosures in Greece, settling a legal dispute that had put the process on hold but also... it has proved the “most successful tool of the last 12 years for settling private debt.” ND casts net
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Newsletter 417 - 22/03/2024
to put potentially damaging issues behind it as quickly as possible met with limited success this week... by the Interior Ministry, a Greek prosecutor and the country's data protection authority, while several... the upcoming European Parliament elections, and the resignations of a senior Interior Ministry official
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PM makes limited, cautious changes to cabinet after election disappointment
PoliticsGreek Politics, where she is replacing one of the few other female ministers, Domna Michailidou, who had only been put... at ministerial level in five departments: Development, Migration, Interior, Labour and Agricultural... as Interior Minister. Kostas Tsiaras, once a justice minister under Mitsotakis, becomes the new
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Newsletter 428 - 21/06/2024
other female ministers, Domna Michailidou, who had only been put in charge of the portfolio in January...: Development, Migration, Interior, Labour and Agricultural Development. The new head of the Development Ministry is Takis Theodorikakos, who has previously served as Interior Minister. Kostas Tsiaras
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Net interest income soars by 47 pct in 2023 as Eurobank reports net profit of 1.14 bln
EconomyBankingEurobank posted an adjusted net profit of 1.26 billion euros in 2023, compared to a profit of 1.18 billion euros in the previous year, a rise of 6.6 percent. Net profit was 1.14 billion euros vs... was 86.4 percent, up by 10.9 percentage points. P&L Net interest income in 2023 increased by 46.9 percent
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Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
EconomyMacroeconomy. The monthly flow remained subdued for the second straight month with net deductions of 28.7 million euros in December from net additions of 61.7 million in November. The modest negative flow in December reflects household and sole proprietors’ net deductions of 157 and 15 million respectively mitigated
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Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
EconomyMacroeconomyis the lowest rate of decline since April 2011. More importantly, the net lending flow stayed positive.... The April figure is the highest reading since June 2012, when net additions stood at 853 million. The positive flow in April is almost entirely attributed to corporate sector net additions of 763
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