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  1. UN steers clear of Cyprus blame game as focus moves to hydrocarbons
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    steps should be. Eide made this comment after briefing the UN Security Council for more than two hours... said there had been a collective failure in reaching an agreement rather than anything else. “We... intervention by the council that this process took Cyprus closer than ever before to a settlement

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  2. Greece completes first bond issue in three years, eyes more on way out of programme
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    each, while Piraeus GGBs amounted to less than 400 million euros. The new bond coupon of 4.375 percent stands 0.325 percentage points lower than the respective coupon of 4.75 percent of the previous... with more than 550 orders from the investment community. Although the transactions are not fully

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  3. Newsletter 129 - 28/07/2017

    Newsletters

    further transactions should be expected by August 2018. somewhat better than expected”. Tsakalotos also... in 1.16 billion below target coupled with a higher-than-targeted Public Investment Budget (PIB) balance... attributed to a better than expected performance of direct taxes. Tax revenues beat target by 451 million

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  4. Overdue social security contributions increase 827 mln to 23.3 bln at end of Q2

    EconomyMacroeconomy

    to over 800,000 at the end of Q2, a rise of more than 182,000 QoQ. The breakdown shows that nearly three quarters of debtors owe less than 15,000 euros each for an aggregate amount of 2.17 billion... percent of total) owe more than 1 million each for a total amount of 6.53 billion. Though they represent

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  5. Greek demographic ratios among the worst in Europe
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    to compensate for the number of deaths in less than a third of EU states. It also points to the gulf... notes that more people leave the labour market to retire than young people enter it to replace them. “In countries with low fertility rates this process is happening more quickly and abruptly than

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

    EconomyMacroeconomy

    by 458 million, driven by lower than targeted tax revenues in other excise taxes (-9.8 percent... mainly from higher than expected indirect taxes which outperformed the target by 230 million. Direct... in the seven-month period, 376 million higher than the target. Overall, net revenues amounted to 26.25

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  7. Greek banks meet NPE reduction targets in Q2, write-offs remain primary source of reduction
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    billion lower than the target of 103.4 billion. The NPE ratio stood at 50.6 percent in Q2, slightly higher than the anticipated level of 50 percent. This was driven by a lower than expected volume of total loans which translated into a higher than expected NPE ratio. The NPE coverage ratio edged down

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  8. The flag of permanent defeat
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    a day longer than Antonis Samaras (951 days), almost 200 more days than George Papandreou (766... cannot give a convincing interpretation regarding what the last 2.5 years have been about. Rather than... government in the world could be condemned for being more focussed on holding on to power rather than

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  9. Budget primary surplus at 3.55 bln in 8-month, below target on lower revenues, higher tax refunds
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of this year’s ENFIA property tax being set for September rather than August as initially planned... an underspend versus the target by 1.20 billion. The MoF said that the lower-than-expected expenditure... billion, 1.18 billion lower than the target. PIB PIB revenue stood at 125 million euros in August, 28

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  10. Birth rate rises by 1.1 pct in 2016 but remains under 100,000
    Photo by Panagiotis Tzamaros/Fosphotos

    Society

    place within a marriage with less than 9 percent taking place outside of wedlock, indicating... than girls were born (47,882 versus 45,016) in line with naturally occurring trends in societies... marriage rather than a religious ceremony, with 52 percent of couples choosing the former over the latter

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