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  1. Budget primary surplus confirmed at 831 mln in Feb
    Photo by MacroPolis

    EconomyMacroeconomy

    last year, the primary surplus was much lower at 93 million euros. The budget balance in the first... by 257 million euros. On an aggregate basis, gross revenues came to 8.28 billion euros, lower than... in the aggregate period, under the target by 468 million euros, and lower by 3.5 percent compared to the same

    7%

  2. EU's temporary framework for state aid in response to Covid-19 outbreak

    Legal

    as individual aid. Lower amounts apply to fishery companies (€120,000) and agricultural companies (€100,000... (e.g. lower guarantee coverage offsetting a longer maturity). Bank loans with a maturity beyond 31..., but whereby maturity, pricing and guarantee coverage can be modulated (e.g. lower guarantee coverage

    7%

  3. A varied set of views on China
    Photo via Flickr https://flic.kr/p/7UPobA

    Agora

    of inferior quality to that of western goods. In short, while Greeks are not disposed negatively... in their eyes. Nor do they envy life and work in China, and find Chinese commodities of inferior quality

    6%

  4. Why did Greece return to bond markets now? Was it the right decision?

    Economy

    oversubscribed and the yield of 4.95 percent was notably lower than had been expected even a few days... in benefits due to a combination of knock-on effects. For example, lower funding costs are anticipated... reduction of banks’ time deposit rates. This would lead to lower lending yields. Finance Ministry sources

    6%

  5. Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend

    Economy

    stood at 448 million, 67 percent lower year on year (YoY). The significant YoY narrowing fully... in February and January respectively. The slower fiscal performance in March primarily reflects lower...) of 2.5 percent in March, the 3-month figure rose 4.7 percent to 11.38 billion. Lower revenues in March

    6%

  6. Piraeus Bank reports loss of 247 mln for Q1
    Photo by MacroPolis

    EconomyBanking

    loss of 247 million from 700 million in Q4. Lower loss on a quarterly basis mainly reflects a 39.... Lower revenues mainly resulted from trading losses at 15 million in Q1 from trading gains of 45... attributed to lower deposit and funding cost and - to a lesser extent - loan margin improvement

    6%

  7. Greek primary budget surplus at 707 mln as revenues beat target in May

    Economy

    beat targets by 499 and 569 million respectively. The outperformance reflects lower expenditure... offsetting lower Public Investment Budget (PIB) balance (129 million short of target from over... to targets lower than the 40-million euro mark. The revenue breakdown showed direct taxes increasing

    6%

  8. Troika review begins with fiscal targets and tax breaks in focus
    Photo by MacroPolis

    EconomyMacroeconomy

    to reach 1.7 percent of GDP in 2014. This is lower than the 2.3 percent incorporated in the latest Medium... ruling. c) Retaining the solidarity tax for at least one more year albeit with lower rates, according...) Retaining the VAT rate on food and accommodation services at the lower rate of 13 percent

    6%

  9. September revenues drive 9-month Greek primary surplus up to 2.53 bln

    Economy

    (from 2.85 billion in the 8-month) also reflecting lower MoM interest payments in September. Both... and 1.37 billion respectively. The beating of targets primarily reflects lower expenditure (1.96 billion... showed primary surplus is lower by 3.9 percent and budget deficit higher by 13.9 percent. Note though

    6%

  10. Greek current account surplus up to 1.6 bln in September after fourth straight rise

    EconomyMacroeconomy

    euros, followed by lower trade deficit (by 223 million) and a rise in the current transfers..., the narrowing of the trade deficit reflects a lower net import bill for oil and ships. Excluding...) and – to a lesser extent – from lower income deficit (by 430 million) mitigated by a drop

    6%