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  1. Current account surplus at 1.21 bln in September on services balance growth
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    by 348.1 million euros year-on-year and was mainly driven by a rise in the services balance, which rose.... The services balance grew by 14.5 percent off improvements in all subaccounts, and stood at 2.76... euros in the services balance, and improvements in the primary and secondary income accounts

    100%

  2. Helped by trading gains, Eurobank posts 305 mln in Q1 profits
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year. Core pre-provision income (PPI) rose by 10.4 percent... bps, compared with 140 bps in Q1 2021. Balance sheet Eurosystem funding stayed broadly unchanged

    83%

  3. Podcast - Long live the revolution: The legacy of Greece's 1821 war of independence

    Agora

    Greece is celebrating the 200th anniversary of its war of independence, which began in 1821 and allowed Greeks to free themselves of Ottoman rule and oppression, and form their own nation-state. To mark this occasion, we spoke to Sakis Gekas, the Hellenic Heritage Foundation (HHF) Chair of Modern

    75%

  4. Travel receipts drop 6.7 pct in Feb, balance turns to deficit of 3.8 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    the February travel balance to a deficit of 3.8 million from a surplus of 3.8 million last year. The decline... by to 433,200. In contrast, the average expenditure per trip increased by 9.7 percent to 305 euros

    53%

  5. Growing concerns over second lockdown in food service sector, a key employer
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyFeatures

    that the three sectors with the highest negative hiring balance were catering service activities (-29,295), accommodation (-15,396) and the food industry (-5,823). The food service industry... Representatives of the food service sector have been expressing their concern about the survival

    52%

  6. Newsletter 305 - 16/07/2021

    Newsletters

    , Finance Ministry data showed that the budget primary balance recorded a deficit of 9.09 billion.... The primary balance was above the target set in the 2022-2025 medium-term fiscal strategy by 831... billion euros, above target by 93 million euros. The monthly primary balance for June came

    51%

  7. A tax credit for Greece: The significance of an independent public revenue service
    Photo by MacroPolis

    Agora

    collection was in such a bad state, the importance of reforming the revenue service, the role... of creating an independent, or partially independent public revenue service, but never quite...) of this reform. The balance of power between them tilted heavily in 2016 only after the decisive

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  8. Current account deficit increases to 767.4 mln in Oct as service surplus shrinks
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    deficit of 2.05 billion euros on the back of a much-improved oil balance. The services balance came... to offset the precipitous fall in the services balance that is worse off by 13.57 billion euros. The total...Greece’s current account (C/A) balance in October posted a deficit of 767.4 million euros, up from

    46%

  9. IMF examines where programme went wrong, what lessons were learnt
    Photo by Panayotis Tzmaros/Fosphotos

    EconomyProgramme

    became less achievable, meaning that a reduction in the primary balance targets, additional fiscal..., the report notes. Despite the weaker fiscal adjustment, the external current account balance in 2015 turned... and the OSI, public debt recorded a relatively modest immediate decrease to 305 billion euros (160 percent

    46%

  10. Newsletter 286 - 26/02/2021

    Newsletters

    paternity leave and regulations around home working as its contribution to a better work-life balance... effects once support measures are withdrawn and weak business balance sheets could hamper the recovery... Tourism revenue collapses by 76.5 percent Greece’s current account (C/A) balance deteriorated by 8.44

    45%