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  1. Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in the 6-month period, almost spot on target. As a result, total expenditure dropped by 3.2 percent to 22.86... successive month by 7 percent in June, after a double-digit drop of 11.8 percent in May and landed at 3.24

    8%

  2. Eurosystem funding drops by 3.9 bln in July on big decline in ELA
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    EconomyMacroeconomy

    month, with ELA funding representing around 68.6 percent of the total withdrawn liquidity... of 2.67 billion. As a result, central bank funding landed at 50.37 billion euros at the end of July

    8%

  3. Budget primary surplus at 3.02 bln in July, above target by 926 mln on strong underspend
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    exactly matching the target. As a result, total expenditure dropped by 1.8 percent to 27.55 billion... percent, the highest level for the year so far, after falling by 7 percent in June and landed at 3.85

    8%

  4. Alpha Bank remains profitable in Q2, NPEs reduced further
    Photo by MacroPolis

    EconomyBanking

    Liquidity Assistance (ELA) funding has been reduced by a total of 3.1 billion since March to 9.1... million euros QoQ in Q2, from 123 million in Q1, and landed at 27 billion. Specifically, new

    8%

  5. Eurosystem funding drops by 5.1 bln in Aug driven by ELA fall
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    EconomyMacroeconomy

    around 68.1 percent of the total withdrawn liquidity. The collateral pledged with BoG and the ECB.... As a result, central bank funding landed at 45.30 billion euros at the end of August, which

    8%

  6. Disposable income grows by 0.2 pct in Q2 on higher remuneration, consumption rises
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    that employees’ total remuneration grew by 2.5 percent, rising on the previous quarter’s marginal... revealed on Friday. The absolute figure landed at 29.28 billion euros and largely reflects an increase

    8%

  7. Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
    Image via www.piraeusbank.gr

    EconomyBanking

    for two NPE disposal transactions, one for business and one for consumer loans, of a total NPE on balance... and landed at 22.1 billion, driven mostly by business loans, followed by mortgages and consumer

    8%

  8. Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
    Photo by MacroPolis

    EconomyBanking

    Liquidity Assistance (ELA) funding has been reduced by a total of 4.1 billion since Q2 to 7.3 billion... by around 200 million euros QoQ in Q3, from 505 million in Q2, and landed at 26.8 billion, beating

    8%

  9. Business balance positive in 2017, small companies continue to dominate
    Photo by Pavlos Svoronos/Fosphotos

    EconomyFeatures

    percent. A total of 17,590 such businesses were opened in 2017 while almost as many (17,430), were... 2017’s balance of company formation landed in strongly positive territory, it points to a continued

    8%

  10. Primary cash balance falls to deficit of 877 mln in Dec, expenditure rises
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    euros to come to a total of 6.27 billion on an aggregate basis. The deficit in the Public Investment...Greece’s central government primary cash balance landed at a deficit of 877 million euros for the full year up to December 2017, compared to a surplus of 1.95 billion euros for 2016, Bank of Greece

    8%