[REVISION HISTORY]
Greek fiscal and corporate economic performance
Updated 3 times since CLSTR started tracking revisions of this situation.
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2026-09-30 12:46 UTC → 2026-09-30 16:24 UTC ·
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In the first half of 2026, Greece reported diverse financial developments across its public and private sectors. The Ministry of Labor scheduled the distribution of approximately €1.39 billion to over 2.7 million beneficiaries for pensions, unemployment, and maternity benefits. Concurrently, several major corporations released H1 2026 results, including AVAX Group, which reported net profits of €27.3 million, and Kri Kri, which achieved record net profits of €36.17 million despite geopolitical cost pressures. By the end of the first eight months of 2026, Greece recorded a primary budget surplus of €6.534 billion, significantly exceeding the target of €4.989 billion. Net state revenues reached €51.351 billion, surpassing targets by €2.331 billion. This fiscal performance was largely driven by tax revenues, which totaled revenues totaling €49.481 billion and exceeded targets by €1.353 billion. This growth was primarily attributed to higher VAT and personal income tax collections, reflecting rising prices and incomes. However, Special Consumption Tax (SCT) revenues declined by approximately €200 million compared to the previous year, a trend linked due to reduced fuel consumption caused by high prices. consumption. Total expenditures rose to €51.825 billion, driven by the accelerated implementation of projects funded fueled by the Recovery and Resilience Facility. Facility projects. Corporate performance in H1 2026 showed varied results: results. While ECTER saw a 42.4% turnover increase to €59.6 million, while million and Orilina Properties reported record net profits exceeding €9 million. OLP million, other firms faced challenges. Mevaco reported net profits of €35.4 million despite a revenue decline, and Sidma Metallurgiki 64.13% decrease in turnover to €17.6 million due to normalizing demand for solar mounting structures, and Elastron saw significant EBITDA surges. On Phoenix Vega Mezz PLC reported a macroeconomic level, loss of €40.9 million. Conversely, Païris returned to profitability with a turnover of €6.46 million, and Jumbo announced an extraordinary cash distribution of approximately €134.37 million to shareholders. Macroeconomically, IOBE reported that total private debt reached €420.9 billion in Q1 2026 (169% of GDP), while non-performing loans decreased to 28.4%. The real estate market remained dynamic, with national housing prices rising by 5.8%. 5.8% and new mortgage disbursements doubling in Q2 2026.
Versions
- 2026-09-30 16:24 UTC Greek fiscal and corporate economic performance
- 2026-09-30 12:46 UTC Greek fiscal and corporate economic performance
- 2026-09-26 11:51 UTC Greek fiscal and corporate economic performance
- 2026-09-25 09:16 UTC Greek fiscal and corporate economic performance
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