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General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus more than doubled to 4.14 billion euros... in the course of 2015 from 3.83 billion at the end of 2014. More than 60 percent of 2015 arrears stemmed... than half of total arrears. Arrears to hospitals increased by 324 million euros to 931 million in 2015
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Budget primary surplus of 1.19 bln in Jan markedly better than target
EconomyMacroeconomy(by 420 million) more than offsetting revenue underperformance of 69 million. The state budget balance... million lower than target. As a result, net revenues rose by 4.7 percent to 3.65 million, almost spot... decreased by 5.3 percent to 3 billion euros, 469 million lower than target. The Finance Ministry noted
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Greeks trust social media more than news media, Reuters study shows
Societytrust social media news more than traditional news. When asked whether news and social media do a good... as likely to trust traditional news than social media. The Greek response was attributed to the low levels... and economic influence rather than being a viable commercial industry in its own right.” Among those who use
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Travel receipts more than double in 2021, arrivals at 47 pct of 2019
EconomyMacroeconomybeing significantly higher than the 2.2 million euros recorded in December last year, the latest balance is even higher than the 28.6 million euros recorded in December 2019. Receipts came to 176.6 million euros for the month, more than five times year-on-year, from 34.8 million euros. Travel
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Travel surplus of 60.8 mln in Jan substantially higher than a year earlier
EconomyMacroeconomy’s balance was significantly higher than the 1.7 million euros recorded in January 2021, However, lower than the 97.7 million euros during the same month in 2020, before the pandemic outbreak. Receipts came to 140.1 million euros for the month, more than three times higher year-on-year, from 34.2
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VAT, income taxes help push May budget primary balance above target by more than 3 bln
EconomyMacroeconomybalance is better than the target by 3.33 billion euros. Revenues Net revenues for the period stood... million higher than the target. Excise tax revenues were 2.63 billion, 73 million lower the target... to 6.16 billion Euros, 633 million higher than the target. Tax refunds came to 2.71 billion euros
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraas NPLs (repayment delayed by more than ninety days) reaching 22.9 per cent. Such staggering NPL... bankers involved in the negotiating process, the offers put on the table have been nothing less than... Reestructuración Bancaria’ (Company for the Management of Assets proceeding from Restructuring of the Banking
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingwith the auction of around 350 properties, which is 70 percent more than across the full year of 2016. P&L NII... with a group of investors rather than a public issue. The bond was placed with the European Investment... 2017, with a 37 percent decrease in NPEs. The bank noted that it is proceeding with two NPE sales
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Summer season looks under threat as revenues fail to materialise
EconomyMacroeconomyand regional airports is down by more than 70 percent compared to last year. The seats offered... in July, 196 cases related to travel were recorded out of 326 in total. This was more than 60 percent... by air and proceeding overland the rest of the way. As a result, not only are traveller numbers subdued
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomypercent respectively. In absolute numbers though, the drop in imports was higher than that in exports... by 211 million and lower services surplus by 184 million more than offsetting an narrowing... 1.9 times higher than exports, at 12.55 and 6.72 billion respectively, the goods’ deficit improved
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