Economy
Greece and creditors try to untangle pension complications
One of the key issues in the negotiations with the institutions over an agreement for a new bailout programme relates to the pension reforms.
Greek business feeling the pinch from capital controls
The imposition of capital controls a month ago has taken a heavy toll on Greek companies, from the micro or small and medium-sized enterprises (SMEs) to the largest firms.
Some snags remain in discussion with lenders over new privatisation scheme
During a lengthy meeting with the quartet of Greece’s lenders on Tuesday, government officials discussed in detail privatisations – one of the key issues that need to be settled for there to be an agreement on a new 3-year bailout programme.
Rate of drop in apartment prices picks up again in Q2
After decelerating in the preceding seven quarters, the drop in Greek apartment prices accelerated to 5.6 percent in the second quarter (Q2) of 2015 from a revised 4.1 percent in Q1, according to the Bank of Greece (BoG).
More than half of small businesses saw turnover dive by at least 50 pct due to capital controls
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.
![Photo by Can Esenbel [http://www.mundanepleasure.com/]](resources/toolip/img-thumb/2013/10/16/stocks2_economy_esenbel-medium.jpg "Photo by Can Esenbel [http://www.mundanepleasure.com/]")
Stock market at lowest since Sept 2012 after shares fell by 16.23 pct on reopening
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
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
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
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
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).