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  1. Newsletter 104 - 27/01/2017

    Newsletters

    . The budget primary surplus was 4.44 billion in 2016, almost double the previous year’s figure, while... in the current taxes on income and wealth by 19 percent. Travel receipts see double-digit drop... by 6.6 percent to 13.03 billion in the 11 months up to November. Travel receipts declined at the double

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  2. Travel receipts fall by another 3.1 pct in Feb on lower spending
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    increased at double-digit rate of 16.3 percent. On the flipside, arrivals from France and Russia...) at 317 euros. The volume breakdown revealed that four of the five key countries recorded a double... receipts from Russia soared by 76.1 percent, while double-digit growth rates were also posted by tourism

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  3. Athens buoyed by EU, US support over maritime spat with Turkey
    Photo via www.mfa.gr

    PoliticsForeign Policy

    on the Turkey–Libya maritime border deal. A common statement adopted by the EU leaders during... on Thursday decided to appoint a special envoy to Libya. This will be Ambassador Christodoulos Lazaris. His mission will be to maintain contact with all sides in Libya in order to closely monitor developments

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  4. After signing EastMed pipeline pact, Athens aims to tackle Turkey challenge

    PoliticsForeign Policy

    memoranda with the Tripoli-based government in Libya. Officials in Athens stress, however... following Turkey's intervention in Libya, the message to Ankara in the joint statement they issued... in Libya presents a dangerous threat to wider regional stability.” The statement also noted

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  5. Quiet summer in Greek-Turkish relations not seen lasting
    Photo via https://flic.kr/p/2marG7P

    PoliticsForeign Policy

    , in the upcoming EU Summit. Libya Libya is another issue that is of major concern to Greek diplomats. Libya’s Prime.... Even though the meeting focused more on Turkey’s economic “return” to Libya for the country’s... from the international community. The political situation in Libya will remain fluid and it is quite

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  6. A busy year of diplomacy for Athens, but Greek-Turkish ties stagnate
    Photo via https://flic.kr/p/2mN5NQb

    PoliticsForeign Policy

    countries. But it also accomplished a rapprochement with Libya. Greece’s decision to extend its... was its rapprochement with Libya. That was accomplished with numerous visits by Greek officials, including... for the first time a high-level meeting on Libya on November 12, in Paris. Greece had been excluded twice from

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  7. National Bank starts 2014 posting net profit of 181 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    dropped 10 percent YoY and 21 percent QoQ to 506 million, mainly due double-digit cost containment... profit landed at 181 million from 27 million last year mainly reflecting soaring pre-provision income... formation eased at a slower pace compared to the previous two quarters and landed at 380 million

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  8. Greek stocks, bond yields show effects of worsening mood regarding country's prospects
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Economy

    . In spite of the double-digit gains of 15.6 percent last week, they have suffered losses of 38.3 percent... of the Athens Stock Exchange landed at 794.23, which is the lowest reading since April 24... of the 5-year GGB increased by 0.67 pp above the 15-percent mark and landed at 15.06 percent. The 10-year

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  9. Drop in trade deficit accelerates to 14.3 pct in Dec on faster fall in imports
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    percent in November, Hellenic Statistical Authority (ELSTAT) data displayed on Friday. The double-digit... the decline has been easing over the past three months. In absolute terms, exports landed at 2.15... by 9.5 percent and a slower fall in exports by 5.1 percent. In absolute terms, trade deficit landed

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  10. Current account deficit more than halves to 708 mln in March

    EconomyMacroeconomy

    slipped by 3.6 percent due to a double-digit increase in travel payments. In addition, the marked... (-10.2 percent). The absolute figures showed that exports and imports landed at 2.04 and 3.57 billion.... As a result, goods’ deficit landed at 4.12 billion from almost 5 billion last year. Excluding oil

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