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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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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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PM riles SYRIZA with remarks on EU anniversary
PoliticsGreek PoliticsGreece marked on Thursday the 40th anniversary of its accession to what was then the European Economic Community, but remarks made in the presence of EU dignitaries by Prime Minister Kyriakos... for Greece, not a party-political gathering. SYRIZA referred to Mitsotakis’s remarks as “incendiary
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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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HCAP and Finance Ministry reveal five-year strategic plan for public assets
EconomyFeatures. The overall goal for the enterprises in question is to optimise capital structure and access alternative... the control of HCAP, which include power firm PPC, water company EYDAP and public transport organisation OASA... and opportunities, with long-term and short-term goals for each company. Regarding OASA, for example, HCAP
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Centre-left agrees on new name, starts building party structure
PoliticsGreek PoliticsThe name of the new centre-left grouping in Greek politics has been decided, now officials are due to start work on building up the structure of the party, which hopes to become a third force after SYRIZA and New Democracy. PASOK president Fofi Gennimata, who won the leadership contest to head
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeaturesis structured as a share deal, no Greek direct or indirect taxation (e.g. capital gains tax, RETT, stamp
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High expectations and landmarks on road to privatisations in 2018
EconomyProgrammewith the agreed privatisation transaction structure between the Greek authorities and the institutions... in which HCAP is a majority shareholder, the review by HCAP of the boards of ELTA and OASA as well
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Public deficit and democratic duty
Agoragoing to make wrong decisions,” Korean economist Ha-Joon Chang recently said in an interview... looked at the numbers. It is here that the ignorance Ha-Joon Chang refers to is exploited by those... going on and they don’t want to understand what’s going on,” said Chang. That is why understanding
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingquarter-on-quarter (QoQ) to 165 million. Compared to H1 last year, PPI rose by 26 percent to 310 million... percent. Management said that this step further enhanced the capital structure of the group through
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