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  1. Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . The monthly primary balance landed on a deficit of 747 million euros, deepening from the deficit of 80 million noted in April. The balance for May last year landed on a surplus of 114 million. The budget... the current year’s balance landed on a deficit also, it still beat the target by 1.36 billion euros

    18%

  2. May budget primary surplus confirmed at 1.53 bln as revenues rise, PIB spending falls
    Photo by MacroPolis

    EconomyMacroeconomy

    . The monthly primary balance landed on a deficit of 761 million euros, deepening notably from the deficit of 80 million noted in April. The balance for May last year landed on a surplus of 114 million..., the deficit came to 1.24 billion. Although the current year’s balance landed on a deficit also, it still

    18%

  3. Final budget data for 2021 affirms revenue overperformance, primary balance below 6 pct of GDP
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance for the full year landed at a deficit of 10.33 billion euros in 2021.... At that level of economic activity last year, the primary balance landed at less then 6 pct of GDP... expenditure came to 9 billion euros, above target by 51 million euros. Overall, the PIB balance landed

    18%

  4. Greece tries to navigate through uncertainty in Western Balkans
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    Minister Nikos Kotzias met with his FYROM counterpart Nikola Poposki on the sidelines of the Gynmich... (the Kosovo Liberation Army) in the 1990s and met with EU foreign policy chief Federica Mogherini... Hoyt Yee also met with Xhaferi in Skopje during an official visit earlier on April 30. "We feel

    17%

  5. Tsipras concludes US trip with focus on geopolitics and investments
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    . Tsipras met with Vice President Mike Pence on Wednesday, providing the Greek delegation... investment community. Also on Wednesday, Tsipras met with a group of executives from American investment... levels. Tsipras also met with potential investors during his stop in Chicago. According to one report

    17%

  6. Is Greece on track to decouple from fossil gas?
    Photo via https://flic.kr/p/9bNvX6

    Agora

    will be met. However, in order to be economically sustainable, especially the new gas plants... been met by lignite plants, mainly through district heating systems. Thus, following the decision... of electricity imported are larger than those exported. Net imports in 2023 met 9.9% of demand

    17%

  7. Athens wary of implications from Erdogan's cancelled trip to Washington
    Photo via https://flic.kr/p/2bRq62x

    PoliticsForeign Policy

    Minister George Gerapetritis met unexpectedly with his Turkish counterpart Hakan Fidan in London. A tweet... with Hamas. Erdogan met with the Hamas leader very recently, something that would have not pleased... communication channels with Turkey open. Last week, the two sides met within the framework of their ongoing

    17%

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

    EconomyBanking

    National Bank was the second Greek bank after Eurobank, which published Q1 results on May 28. Net 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

    16%

  9. Tourism helps bring Greek unemployment down to 26.4 pct in July
    Photo by MacroPolis

    EconomyMacroeconomy

    . The number of unemployed slipped by 12,200 MoM and landed at 1.28 million in July. Since 2009, the jobless... and 45-54) posted a much lower drop YoY and landed at 35.4, 22.3 and 20.4 percent respectively

    16%

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

    Economy

    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

    16%