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Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln
EconomyMacroeconomybillion euros. Net revenues came to 3.85 billion euros, below target by 812 million euros... a deficit of 782 million euros for the month.
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Watchdog's ruling in voter email leak prompts opposition calls for minister to resign
PoliticsGreek Politicsprotest. The social democrats argued that Kerameus should now resign. There has been no indication... on the Interior Ministry in connection to the leaked emails. They were found to have breached data... the time of the national elections. Someone from the Interior Ministry, who has not been identified
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Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle
EconomyMacroeconomy. Net revenues came to 3.85 billion euros, below target by 812 million euros. The monthly primary... a deficit of 782 million euros for the month.
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingPiraeus Bank trimmed its net losses to 6 million euros in the first quarter (Q1) of 2017 from 12... and liquidations (4.5 billion). Selected sales are seen at 2 billion. P&L Net interest income (NII... The bank also presented its 2020 agenda, envisaging an improvement in the net interest margin from 270
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingNational Bank of Greece (NBG) reported a net profit of 122 million euros from continued operations...-on-quarter (QoQ), this represents a decline of 7 percent. For the first half (H1) of the year, net... quarter-on-quarter (QoQ) to 165 million. Compared to H1 last year, PPI rose by 26 percent to 310 million
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Rise in overdue contributions slows to 310 mln in Q3, total at 16.9 bln
EconomyMacroeconomyThe rise in unpaid social security contributions (SSCs) slowed quarter on quarter (QoQ) to 310 million euros in Q3 of 2016, from 831 million in Q2. The outstanding amount reaching 16.92 billion, the quarterly bulletin of the single SSC collection centre (KEAO) displayed on Monday. The increase
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Athens sticks by effort to build bridges with FYROM
PoliticsForeign Policyadministration, trans border cooperation, energy, interior affairs and cases of justice. One... (Monastiri). Greece also values the fact that 3 million people from FYROM visited Greece
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Puzzling reaction to army reservists' call for government to resign
PoliticsGreek PoliticsAn unusual announcement by a little known army reservists’ group calling for the government to resign prompted an emergency late night meeting of top ministry and judicial officials on Wednesday. There was surprise that the government gave such attention to the statement, which amounted to a demand
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomyand net revenues which more than offset lower expenditure. Revenues excluding tax refunds rose 6.1... sevenfold to 294 million from just 43 million last year, 195 million above target. As a result, net... 1 billion euros compared to the initial estimate of 812 million incorporated in the 2014 budget
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Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
EconomyMacroeconomy0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday. The net lending flow turned negative for the first time since February with net deductions standing at 395 million... January, when net deductions reached 885 million. The negative flow in May reflects net deductions
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