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  1. Budget primary shows deficit of 7.01 bln in September
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the final Finance Ministry (MoF... during the first nine months of the year. Personal income tax (PIT) was below target by 763 million

    100%

  2. DTA may spell new trouble for Greek banks
    Photo by MacroPolis

    Agora

    (DTA) that were legislatively converted to deferred tax credit (DTC), strengthening banks’ capital... of DTA to DTC for deferred tax related to PSI losses and accumulated provisions due to credit risk... percent of the DTA converted to DTC, issuing at the same time conversion rights in favour of the Greek

    72%

  3. Industrial production stays in contraction for third successive month in Aug
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    of 0.9 pct, after an increase of 2.2 pct in the previous month. The annual movement in the index... successive positive months, to -1.3 pints after a rise of 2.6 points in the previous month. Since October

    72%

  4. 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

    60%

  5. Greece changes banks' DTA conversion law to secure ECB/EBA approval
    Photo by MacroPolis

    Economy

    allows the conversion of the deferred tax asset (DTA) to a tax credit (DTC), following a relevant...) corporate income tax. b) The perimeter of the DTA covers PSI losses as well as losses related to loan... a special reserve equal to 110 percent of the DTA that is to be converted into DTC. At the same time

    54%

  6. General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s general government (gg) primary cash deficit came to 7.01 billion euros in the first nine months of the year compared to a surplus of 4.53 billion in the same period last year, according... at a deficit of 7.01 billion euros. The budget primary balance for the same time last year came

    53%

  7. Budget primary shows deficit of 7.01 bln as revenues suffer in September

    EconomyMacroeconomy

    The budget primary balance recorded a deficit of 7.01 billion euros in the first nine months of 2020, compared to a surplus of 4.47 billion noted in September 2019, the preliminary Finance Ministry (MoF) budget execution bulletin for September showed on Thursday. The primary surplus was below its

    46%

  8. House of cards (The rise and fall of Akis Tsochatzopoulos)
    Photo by Can Esenbel [www.mundanepleasure.com]

    Agora

    a way to measure people’s units of thought, they would discover that the British think in pints

    44%

  9. Greek retail sales dive 8.5 pct in May after brief rise in April
    Photo by MacroPolis

    EconomyMacroeconomy

    increased by 2.3 pints to 4.8 in July posting a cumulative rebound of 27.6 points over the past 10 months

    44%

  10. Consumer confidence takes 10-point dive in September
    Photo by MacroPolis

    EconomyMacroeconomy

    eighth successive positive months, to -1.3 pints after a rise of 2.6 points in the previous month. Since

    44%