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Strong taxes and significant underspend push 9M primary balance 3.45 bln above target
EconomyMacroeconomyThe budget primary balance recorded a surplus of 8.74 billion euros up to September, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday. During... revenues were 50.91 billion euros. The budget balance up to September showed a surplus of 1.58
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Mitsotakis goaded from right on foreign policy and migration
PoliticsGreek PoliticsIn the latest challenge to New Democracy’s dominance over conservative issues, right-wing critics have been lining up to attack the government’s policy on relations with Turkey and migration. Former... enjoys a privileged position in ND, several government officials have picked up the gauntlet thrown
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Industrial turnover contracts in Aug, falls sharply by 23.6 pct MoM
EconomyMacroeconomy(ELSTAT) on Friday. On a rolling 12-month basis, the industrial turnover was up by 1.2 percent... is now up by circa 13 points. Overall, Greece’s economic sentiment (ESI) bounced back in September
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VAT and income tax boost revenues, budget underspend at 4.25 bln in Sep
EconomyMacroeconomyMinistry (MoF) budget execution data released on Friday. Up to September, the budget primary balance... higher than the target, mostly thanks to corporate taxation, up by 664 million euros from the target
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Government preparing U-turn on controversial tax measure in bid to win back self-employed
PoliticsGreek Politicssentiment that has built up around the administration’s handling of the economy and the impending fiscal... or be seen as complicit in covering up the responsibilities for the Tempe tragedy. Former New
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PMI shows slight improvement in Oct, sector outlook improves
EconomyMacroeconomyas the output rise was driven by efforts to build up safety stocks of finished products. Post-production... conditions, output expectations at manufacturers picked up in October. The degree of optimism
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PM puts tax cuts front and centre in bid to win back voters
PoliticsGreek Politicsscrapping the trade tax paid by the self-employed, which will deliver annual savings of up to 500... from 18,000 to 50,000 euros and pushing up the highest tax bracket, at 44 pct, to incomes above
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Eurobank NII jumps by 14.3 pct YoY to 1.83 bln in 9M
EconomyBanking, up by roughly 3.5 percentage points annually. P&L Net interest income in 9M increased by 14.3 percent... was 20.9 percent, up 140 bps YoY.
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PASOK emerges as main beneficiary in reshuffling of political deck
PoliticsGreek Politics(polling at 6.3 pct, 2.6 pct and 2.4 pct respectively). Fringe right wing parties add up to 19.2 pct... contact for Athens, and had been courted by PM Kyriakos Mitsotakis privately in the run-up to the US
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Privatisation proceeds, major underspend push Oct primary surplus to 8.82 bln above target
EconomyMacroeconomyThe budget primary balance recorded a surplus of 13.49 billion euros up to October, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday. During the ten.... The budget balance up to October showed a surplus of 6.08 billion euros, from a 482-million-euro
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