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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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Samsung buys out Innoetics in latest boost for Greek tech sector
EconomyFeaturesSouth Korean technology giant Samsung has bought out Innoetics, a small Greek tech firm which... startup success story. Innoetics was bought up with 100 percent ownership by Samsung at a sum that has... institute. The company is now classified as an offshoot of Samsung and will continue its operations
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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.... percent, of which 36 million euros was from VAT on petroleum products. That represented a gap of 27.5
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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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Greeks tending to shop less often and opt for local products
Society, down from almost 310 euros per month in the previous survey conducted based on 2015 data. Around 60... and Economics showed that the crisis has made Greeks more inclined to prefer products made... conducted in 2016, consumers are showing a strong preference for products made locally. One of the main
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Newsletter 22 - 03/04/2015
, ahead of their recapitalisation. The remaining amount of 310 million concerns the 90 percent of HFSF... a crucial week, during which it must raise a reported 750 million euros in a T-Bill issue and pay back... of the government are as confused as ever. At least two ministers have suggested that Greece might not pay the IMF
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Rival parties interpret Novartis settlement differently, serving own ends
PoliticsGreek PoliticsThe decision taken by drugs giant Novartis to pay 347 mln dollars to US authorities for corrupt... of graft allegations. Novartis will pay the penalty to the US Department of Justice and the Securities... statement, the opposition party noted that 310 mln dollars from the settlement, the overwhelming
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Newsletter 310 - 01/10/2021
challenge to deal with now. The producer price index released this week by ELSTAT captures the challenges... pct year-on-year, followed by the manufacture of petroleum products at 58.2 pct, fully capturing..., manufacture of petroleum products was up by 51.5 pct, followed by mining of coal and lignite that also jumped
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Greece and the euro: The flight of Icarus
Agoraof citizens pay without fail some of the highest taxes in Europe, whose black economy was not even... ($310 billion) from its bailout is going towards repaying existing debt means the amount Greece owes... at making Greece an easier place to invest and start a business are starting to pay off. In the World
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