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Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June
EconomyMacroeconomywas 2.1 billion lower than target. Revenues (before tax refunds) also posted an overperformance..., which is 3.5 billion lower than target of 4.49 billion. Revenues The breakdown of the key budget items... percent to 3.34 billion in June, still 44 million lower than target. As a result, the aggregate
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Eurobank remains profitable with net profits of 46.2 mln in Q2
EconomyBankingEurobank remained profitable for the second straight quarter, albeit with lower net profits of 46.2...) improved 1.3 percent QoQ to 387.7 million mainly driven by lower funding cost related to reduced reliance on ELA and pillar II bonds more than offsetting lower loan NII. Net interest margin (NIM) improved
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Who pays property tax and how much revealed by Greek authorities
EconomyMacroeconomypercent lower than last year’s figure of 3.25 billion. It should be pointed out that the Finance... the supplementary tax amounts to 649.4 million. Compared to last year, the main tax in 2016 is lower by 5.4... of individuals are due to pay an ENFIA amount in 2016 that is lower, equal or up to 10 euros higher than
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Budget primary surplus of 3.8 bln to Aug beats target by wide margin
EconomyMacroeconomythe target by 2.78 billion largely reflecting lower primary expenditure (by 2 billion) and revenue..., remaining 2 billion lower than target. MoF said that compared to last year, expenditure increased by 292... the 8-month figure stood at 4.79 billion, down 2.3 percent and 69 million lower than target. Summing
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankinginterest (NII) and commission income and cost containment coupled with lower loan provisions... lower by 163 mln QoQ to 36.7 billion, while has recorded a cumulative drop of 1.1 billion over... million. The NII increase mostly reflects lower funding cost due to reduced reliance on Emergency
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Tax revenue overperformance leads budget primary surplus to 4.44 bln in 2016
EconomyMacroeconomyfigures published a week ago had displayed a primary surplus of 4.39 billion, 45 million lower than... outperformance (by 1.88 billion) coupled with lower Public Investment Budget (PIB) deficit (by 264... to 42.25 million, 220 million lower than the target. In particular, salaries and pensions eased 1.6
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Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
EconomyMacroeconomyto a strong underspend. The primary expenditure came in 1.16 billion euros lower than the target, coupled..., beating the target by 73 million as the outperformance of gross revenues was mitigated by lower... million euros lower than the target. The aggregate figure for the 6-month period showed primary
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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBankingcontribution from lower loan balances, spread reduction, and a smaller securities portfolio, which was partially offset by lower central bank funding costs. Fee income also declined by 7.5 percent QoQ to 79.3 million, driven by lower loan generated fees due to the bank’s participation in project
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Extra taxation did not increase revenues in 2017
EconomyFeaturesin lower overall compared to the same time last year. In 2016, general government revenues came to 87.37.... Overall, the lower revenues offer another insight into the fatigue which appears to have set... from 52.73 billion to 52.22 billion euros, lower than that for 2016 which stood at 52.34 billion
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IMF outlines areas in which Greece needs further reforms, where it should apply caution
EconomyProgrammethat all the burden does not come on labour. The government could do more to lower taxes and do more to lower the costs of financing for firms.” The IMF suggests additional reforms that will safeguard employment and competitiveness and, most critically, lower non-wage costs following the recent wage
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