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Disposable income drops by 2.3 pct in Q3 on sharp rise in taxes
EconomyMacroeconomy’ total remuneration continued heading north for the fourth straight quarter, but at a slower pace... soared 19 percent to 3.23 billion in Q3 after a short-lived drop by 1.1 percent in Q2. Since 2009
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Budget primary surplus of 2.1 bln in 2-month on large underspend in Feb
EconomyMacroeconomystraight month, with the surplus increasing to 1.1 billion in February from 1.02 billion in the previous... higher than target. Overall, the contained primary expenditure led total expenditure down 4.8 percent
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Industrial turnover surges 26.9 pct in Jan, also reflecting low base effect
EconomyMacroeconomy(+114.9 percent), but accounts for only a fraction of the total index. The geographical breakdown... months and stood at -5.1 in February. Moreover, Markit’s Manufacturing PMI rebounded by 1.1 points
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Greece sees highest tax wedge increase among OECD countries in 2016
Economythe denominator is the total labour costs comprised of gross wages and employer contributions... by 1.1 pp until 2016, while the respective OECD average has dropped by 1 pp over this period
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Disposable income rises slightly in Q4 for first time since Q3 2014
EconomyMacroeconomythat the employees’ total remuneration eased by 0.3 percent in Q4, after rising in the previous four quarters... of 25.3 percent since 2009. Taxes on income and wealth fell by 1.1 percent in Q4 after climbing
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Tsipras clears hurdle but isn't over finishing line
Agora. The number of people affected is not yet clear, although Kathimerini estimated that 1.1 million out of 2.7... pensioners would lose money. The impact of these measures, which amount to 2 percent of GDP in total
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Industrial turnover up 24.5 pct in March for fifth straight month
EconomyMacroeconomyand quarrying turnover rose by 50.6 percent but make up only a fraction of the total index. The geographical... increased by 1.1 points to -5.6 in April after falling by 1.6 points in the previous month. Moreover
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Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
EconomyMacroeconomyas the ECB announced on June 8 that the ELA ceiling for Greek banks would be reduced further by 1.1... of the total withdrawn liquidity. The collateral pledged with BoG and the ECB also fell by 2.7 billion
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Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
EconomyMacroeconomydecreased by 1.1 percent to 22.22 billion euros, overperforming the target by 550 million mostly due... in the 6-month period, almost spot on target. As a result, total expenditure dropped by 3.2 percent to 22.86
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingin Greece last year. The management expects the full-year cost figure at around 1.1 billion... Liquidity Assistance (ELA) funding has been reduced by a total of 3.1 billion since March to 9.1
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