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Budget primary shows deficit of 7.01 bln in September

Mon, 26 Oct 2020 11:18:00 GMT

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

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

Wed, 24 Mar 2021 15:25:00 GMT

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

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

Fri, 06 Nov 2020 11:23:00 GMT

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

Three investment groups table binding offers for Thessaloniki Port

Mon, 27 Mar 2017 06:50:00 GMT

on Friday three binding offers for the acquisition of a 67 percent stake in Thessaloniki Port Authority (OLTH). Binding bids were submitted by the International Container Terminal Services (Philippines... (April 2016), binding bids were initially expected in the third quarter of 2016. Moreover, pending

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

Thu, 15 Oct 2020 10:19:00 GMT

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

Newsletter 81 - 08/07/2016

Fri, 08 Jul 2016 13:36:00 GMT

Stato Italiane, submitted a binding offer for the sale of a 100-percent stake in rail operator TRAINOSE, while there were no binding offers Italy's Ferrovie was the only company to submit a binding offer... refinancing facilities, Greek banks could replace 7 percent of emergency liquidity assistance (ELA

No fear of the bear? Bilateral economic relations between Germany and Russia

Fri, 20 Jan 2017 13:22:00 GMT

bilateral (economic) ties with Russia. Germany's economic interests in Russia are significant before... champion). More specifically, bilateral trade has fallen from 80 billion euros to 52 billion since 2012...), food and agricultural produce. By contrast, the bilateral foreign direct investment landscape shows

Newsletter 27 - 22/05/2015

Fri, 22 May 2015 12:37:00 GMT

promises. EBC lifts ELA marginally Deal delay would put pressure on Greek bank liquidity The ECB decided on Wednesday to marginally increase the emergency liquidity assistance (ELA) limit for Greek banks... February. It had been rumoured Athens would ask for the ELA cap to be increased by 1.1 billion

What the ECB's latest decision on ELA and collateral haircuts means for Greek banks

Tue, 07 Jul 2015 07:17:00 GMT

The European Central Bank decided on Monday to maintain the Emergency Liquidity Assistance (ELA) limit for Greek banks at June 26 levels, when it was raised for the last time. This means that the ELA... to adjust the haircut applied to collateral used for ELA. The decision was prompted by the “worsening

Greek banks set for early ELA return in apparent precautionary move

Fri, 16 Jan 2015 08:54:00 GMT

Mechanism (ELA), while the other two are expected to follow suit in the coming days. Banking sources... requests for ELA funding at some point in February, particularly because collateral of 21 billion euros... extension approved in mid-December. According to ECB rules, ELA means the provision by a Eurosystem