Economy
Greece failed to improve economic competitiveness in 2014, WEF report shows
After an improvement in the preceding two years, Greece’s competitiveness remained stable in 2014, according to the Global Competitiveness Report 2015-16 published by the World Economic Forum (WEF) on Wednesday.
Retail sales nosedive by 8.7 pct in July amid capital controls
The turnover of Greece’s retail trade index fell sharply by 8.7 percent in July, after a 1.7 percent drop in June, the Hellenic Statistical Agency (ELSTAT) said on Wednesday.
Economic sentiment rebounds in September after six-month drop
After dropping in the preceding six months, Greece’s economic sentiment (ESI) strongly rebounded in September, when it rose by 7.9 points to 83.1 from 75.2 in August, European Commission (EC) figures showed on Tuesday.
Ambitious privatisation targets will test government's resolve
Energy Minister Panos Skourletis insistence on Monday that the government aims to prevent power grid operator ADMIE being sold to private investors was a reminder of the pressing privatisation targets ahead for the coalition.
Hotel guest numbers up 8.7 percent in 2014
The arrivals of foreign visitors in hotels and other facilities such as campsites as well as the number of nights they stayed increased by 8.7 and 5.5 percent, respectively, in 2014, according to official annual tourism data (pdf).
Three months on from imposition of capital controls, some restrictions being relaxed
Three months after the imposition of capital controls on June 29, the Finance Ministry outlined on Monday the restrictions or relaxations that are currently in effect.
Overhaul of energy market among tasks looming for government
On top of the fiscal policy measures and pension reforms the new government has to work on in the next few weeks, it also has to meet key deliverables in the energy sector over the coming months as part of its commitments in the third bailout programme.
Where we stand in the Greek bank recapitalisation process
The recapitalisation of Greek banks remains at the forefront of domestic banking and economic developments and is among the key elements in the first review of the third bailout programme.
Greek stock market unmoved by election result, edges down 3.2 pct over week
The Greek stock market shed 3.2 percent this week in the aftermath of Sunday’s snap elections and formation of a new coalition government.
Greece sees deposit inflows, of 449 mln, in August for first time since Sept 2014
Greek private sector deposit flow displayed inflows of 449 million euros in August from outflows of 1.51 billion in July, Bank of Greece (BoG) data showed on Friday.