Economy
Economic sentiment improves to its highest level of 90.7 pts for 2016, consumer confidence falls by 1.2 pts
Greece’s economic sentiment (ESI) improved by 1.2 points in July after remaining stable in June, the European Commission (EC) figures showed on Thursday.
Greece's public healthcare in a muddled and troubled state
By:
Greece provides a universal free or low-cost public healthcare system to employees or the self-employed insured with the country’s social security system. However, plummeting government spending and rising unemployment have led to the country’s public healthcare landscape has taken a heavy beating.
Deposit inflows of 1.07 bln in June, highest in first half of 2016
Greek private sector deposit flow remained positive for the second straight month with inflows of 1.07 billion euros in June from 183 million in May, Bank of Greece (BoG) figures showed on Wednesday.
Credit contraction stays stable at 2 pct in June, net additions for first time this year
Greek bank credit contraction remained stable at 2 percent in June, Bank of Greece (BoG) figures showed on Wednesday.
First phase of process to find strategic investor for ADMIE completed
The Public Power Corporation (PPC) announced on Tuesday evening the completion of the first phase for the sale of a 24-percent stake in the Independent Power Transmission Operator (ADMIE).
Budget primary surplus confirmed at 2.5 bln in H1 2016, tax revenues soar in June
Greece’s budget primary surplus was confirmed at 2.47 billion euros in the first half of 2016 from 1.88 billion a year ago, corresponding to a notable improvement of almost 31 percent, the Finance Ministry (MoF) final budget execution bulletin showed on Tuesday.
Bank of Greece report overviews lenders' profitability, urges drastic NPL management
The Bank of Greece (BoG) published on Tuesday an overview of the Greek financial sector, providing an update on the key developments and data over the past five years regarding banks’ profitability, loan quality and cards’ transactions.
HELEX H1 2016 results show continuing drop in profits
Hellenic Exchanges-Athens Stock Exchange Group released its H1 2016 results on Monday showing that the net profits of the group came to 3.2 million euros compared to 5.4 million euros in H1 2016, a decline of 41 percent, continuing the group’s trend for falling profits.
Unpopular but effective property tax returns for another year
The single property tax (ENFIA) has become one of the most contentious taxes in Greece, adding a notable burden to Greek households since its launch in 2014.
Government eases capital controls further, aiming to restore depositor confidence
Following pledges earlier in the month, the government has now further relaxed the capital controls imposed last summer.