Economy
Rise in number of Greeks insured in 2015 but average salary edges down
Annual data from the Social Security Institute (IKA), the largest main pension fund in Greece, showed the number of insured individuals increased by more than 100,000 or 5.9 percent to 1.8 million at the end of 2015 from 1.7 million a year ago.
Apartment prices drop by 2.7 pct in Q2, slowest rate since Q1 2010
Apartment prices in Greece continued heading south, but at a decelerating pace, for the third successive quarter in Q2 of 2016, when they dropped by 2.7 percent from a revised 4.7 percent decline in Q1, Bank of Greece (BoG) data displayed on Thursday.
Rescue plan for Marinopoulos set for approval by banks
The Board of Directors (BoD) of two Greek core banks, Alpha and Eurobank, have reportedly approved the restructuring plan of Marinopoulos, Greece’s largest supermarket, which had been submitted by the strategic investor, Sklavenitis, one of the biggest Greek supermarket chains.
Lower bad loan provisions and increased write-offs for Greek banks in Q2
Ahead of the release of Greek banks’ second quarter (Q2) results, which are due next week, the aggregate balance-sheet figures published by the Bank of Greece (BoG) provide some colour on the evolution of bad loan provisions and write-offs during Q2.
Central government debt climbs to 328.3 bln in Q2 on bailout tranche of 7.5 bln
Greece’s central government debt increased by 7.33 billion euros to 328.34 billion in the second quarter (Q2) of 2016 from 321.01 billion in the previous quarter, according to the Finance Ministry (MoF) debt bulletin.
Drop in arrivals and spending impinge on H1 travel receipts
The balance of travel services in June posted a surplus of 1.72 billion euros, a decline of 3.6 percent compared to the surplus of 1.78 billion in the same period last year, according to data released by Bank of Greece on Monday.
Can Greece learn to love renewable energy?
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Greece is one of the most fossil-fuel dependent countries in the European Union, and has struggled to shake off this label at a time when the production of energy from renewable sources is one of the fastest growing sectors in the world.
Greek stocks down 2.6 pct on week, banks underperform for fifth straight week
The Greek stock market traded in negative territory in most sessions this week with extremely thin volumes, ending the week down 2.6 percent.
Current account surplus almost doubles to 1 bln in June
Greece's current account (C/A) surplus almost doubled to 1 billion euros in June from 508.9 million a year ago, Bank of Greece (BoG) figures showed on Thursday.
Industrial turnover falls by 9.4 pct in June
Greece’s industrial turnover continued its steady decline during 2016, falling by 9.4 percent year on year in June from a revised 13.6 percent drop in May, according to data released by ELSTAT on Friday.