MacroPolis

More than half of small businesses saw turnover dive by at least 50 pct due to capital controls

04/08/2015 - 14:10

A recent survey published by the Institute of small enterprises of the Hellenic Confederation of Professionals, Craftsmen and Merchants (GSEVE) showed the devastating impact on small companies after the imposition of capital controls.

Stock market at lowest since Sept 2012 after shares fell by 16.23 pct on reopening

03/08/2015 - 19:14

After a five-week closure, the Athens Stock Exchange reopened today with Greek stocks tumbling 16.23 on Monday

Manufacturing PMI falls to record low in July, new business sees biggest drop

03/08/2015 - 12:07

Greece’s Manufacturing PMI tumbled to 30.2 in July from 46.9 in June recording its lowest ever reading, according to Markit.

Early rounds of talks with lenders focus on possible prior actions

03/08/2015 - 11:08

The new round of discussions with institutions kicked off at technical level on July 28 and it appears that the early focus of the talks was, and will continue to be, on the potential prior actions being demanded by the lenders.

Rare rebound for retail trade with 2.5 pct rise in May

31/07/2015 - 16:37

The turnover of Greece’s retail trade index rose by 2.5 percent in May following a 3.1 percent drop in April, according to the Hellenic Statistical Agency (ELSTAT).

Drop in corporate loan rates led the average loan rate at a new historic low

31/07/2015 - 15:52

Greek households’ new time deposit rate remained at 1.81 percent in June unchanged from the previous month, according to the Bank of Greece (BoG).

Economic sentiment fell to 81.3 in July for the sharpest historical monthly drop

30/07/2015 - 13:23

Greece’s economic sentiment (ESI) dropped for the fifth successive month at a marked accelerating pace by 9.4 points to 81.3 in July from 90.7 in June, according to the European Commission (EC).

Parliament's budget office rings alarm bell on economic prospects

30/07/2015 - 10:17

The Greek economy deteriorated in the first half of 2015 and the country has entered again into a recessionary trajectory, according to the quarterly report of the Parliamentary Budget Office (PBO).

A breakdown of the funding needs involved in Greece's third bailout

29/07/2015 - 01:21

As talks between the Greek government and its lenders pick up pace in Athens, the discussion about the country’s funding needs over the course of the three-year programme are also likely to come into focus.

IMF reveals its list of priorities for Greek bailout negotiations

28/07/2015 - 11:10

In its Article IV Consultation with the eurozone, the International Monetary Fund identifies contagion from events in Greece as a downside risk next to a number of factors ranging from geopolitical tensions and market volatility to slowdown in emerging markets and asymmetric monetary policy.