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  1. Current account surplus widens to 838 mln in Sept on shrinking goods deficit

    EconomyMacroeconomy

    and 3.38 billion respectively. The services’ surplus fell by 18.1 percent mainly due to lower net... in September, mainly reflecting an increase in residents’ holdings of foreign bonds and T-Bills, while... external liabilities were reduced by 9.7 billion euros, mainly due to a decrease in non-residents

    2%

  2. Notable increase in grants to social security sector leads to budget primary deficit in Nov

    Economy

    up by 30.8 and 42.3 percent respectively. In contrast, indirect taxes eased by 0.8 percent mainly.... These mainly relate to: 1) Grants to Seamen’s Pension Fund – NAT (at 76 percent of the FY target of 1... consolidation so far this year. This mainly reflects lower than anticipated PIB expenditure by 734 million

    2%

  3. Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
    Photo by MacroPolis

    EconomyBanking

    performance, with net interest income (NII) improving 4.3 percent QoQ to 375.3 million. The NII growth mainly... accelerating to 206 million from 164 million in Q3, mainly driven by business loans. In contrast, consumer..., noting it estimates the bank to become profitable mainly on the back of mid-teen PPI growth, cost

    2%

  4. Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
    Photo by MacroPolis

    EconomyBanking

    to 382.8 million mainly driven by lower funding cost resulting from a reduction in Eurosystem funding... income of 63.5 million in Q1, from -7.5 million in the previous quarter, mainly related to a one... 42 million in Q1 from 235 million in the previous quarter. This mainly reflected a negative NPL

    2%

  5. Current account deficit narrows to 822 mln in April

    EconomyMacroeconomy

    . Moreover, the increase in the primary and secondary income surpluses is mainly attributed to reduced... billion, mainly attributed to improved oil balance stemming from lower oil prices. BoG figures showed... assets posted a rise by 537 million in April mainly reflecting a rise in residents’ holdings of foreign

    2%

  6. Current account deficit widens to 412 mln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    percent and total exports 4.5 percent. The decline in the services’ surplus mainly results from lower net... coupled with lower net payments for purchases of ships mainly due to capital controls. The marked drop... account surplus is mainly attributed to lower net interest, divided and profit payments coupled

    2%

  7. Current account surplus almost doubles to 1 bln in June
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    improved over the 6-month period mainly due to lower oil prices. Moreover, net payments for purchases... of 2.2 billion euros in June mainly due to the sale of NBG’s stake in Finansbank. For the 6-month... billion in June mainly reflecting a reduction of 2.9 billion in residents’ holdings of foreign bonds

    2%

  8. In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    accelerating to 13.7 percent in 2017 and to 14.2 percent in 2018, mainly backed by improved credit... than expected revenue performance, mainly stemming from higher VAT revenues and corporate income taxes, partially offset by spending slippages, mainly in the wage bill and the health sector. The EC

    2%

  9. Banks saw asset quality and liquidity trends improve in Q4 but process interrupted in 2017

    Agora

    ) said on February 24 that Greek NPEs fell by 1.4 billion to 106.3 billion at the end of Q4 mainly due... is mainly driven by lower funding costs related to decreasing time deposit cost and the declining.... At the same time, operating expenses fell by 3.2 percent in 2016 mainly due to lower personnel expenses

    2%

  10. Study finds contrasting trends in Greek health during crisis
    By Natasha Pandazopoulou/Fosphotos

    Society

    in 2015, mainly because of the cost. Similarly, the percentage of people who have to pay out of their own... the crisis. Respiratory diseases, which were on the increase up to 2009, have since declined, mainly... decreased from 3,164 to 1,979 cigarettes in the first five years of the crisis, mainly due

    2%