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  1. Marked rise in expenditure leads to a budget primary deficit in Nov

    Economy

    in the Parliament on December 5. The 2015 revenue and expenditure targets were lowered by 399 and 25... percent YoY to 5.58 billion slightly below target of 5.65 billion. Overall, total expenditure decreased

    13%
  2. Gov't submits reform plan that raises contributions and cuts future pensions

    EconomyProgramme

    will be trimmed by 1/40 for each year. 5) The contributory pension will be based on the average monthly earnings of each employee for the total number of working years after applying a progressive

    13%
  3. Primary surplus beat target in 2015 on higher revenues and restrained spending
    Photo by MacroPolis

    Economy

    billion (5 percent of GDP), marginally short of target by 38 million. Tax refunds rose at double..., in line with target. Overall, total expenditure remained almost stable (+0.2 percent) to 48.55

    13%
  4. S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March

    Economy

    percent of total loans 2) Government has committed to increase public savings meaning..., assuming optimistic nominal GDP growth of 5 percent, primary surplus of 2 percent and current borrowing

    13%
  5. Wide range of exacting issues lie ahead for Greece in first bailout review
    Photo by MacroPolis

    EconomyProgramme

    to legislate credible measures yielding 1 percent of GDP in total for 2017-18 to support the 2018 fiscal target. The 2016 budget voted on December 5 envisages a primary surplus of 0.53 percent of GDP for 2016

    13%
  6. Gov't proposes easing impact of pension reforms on self-employed for three years

    Economy

    . The income ceiling was set at 55,000 euros, where the proposed discount stands at 5 percent. The Ministry...), the Ministry data show that the total contribution and income tax burden as a percentage of income increases

    13%
  7. BoG outlines steps to economic recovery, updates on banks' asset quality
    Bank of Greece

    EconomyMacroeconomy

    and social security provisions. 5) Encouraging business investment and protecting private investors..., Greek banks’ Common Equity Tier 1 (CET1) and total capital adequacy ratios reached 18 percent

    13%
  8. Greek stocks up for second straight week, rising by 5.5 pct

    Economy

    the government claims it reduces the total tax and contribution burden. The market traded in positive... to 6.35 billion, while net profit fell by 5 percent to 280 million. The BoD will propose a dividend per

    13%
  9. Travel receipts fall 4.7 pct in Jan but surplus rises to 32.1 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    for just a fraction of the total traveller flow. The breakdown of the corresponding receipts displayed...). On the flipside, travel receipts from the UK and France fell by 25.7 and 5 percent respectively, while those from

    13%
  10. Greek corporate lending rates up to 250 bps higher than eurozone average

    EconomyMacroeconomy

    on total new deposits eased 6 bps to 0.49 percent, which also points to a new low. Loans.... In addition, the rate on consumer credit without a fixed maturity (mostly credit cards) edged up by 5 bps

    13%