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  1. Retail's downward slide continued with 8.9 pct sales drop in August

    Economy

    , with the average monthly inflow at c400 million euros over this 3-month period. Our understanding is that Greek households prefer to put the little spare money they have in their bank accounts rather than

    32%

  2. Tsipras faces challenge in turning promise of China trip into reality
    Photo via @PrimeministerGR

    PoliticsForeign Policy

    that the company would invest more than 500 million euros in Piraeus over the next five years, underlining... with top executives from the Wanda Group, Huawei, COSCO, ZTE and Fosun – large companies that have

    28%

  3. Are hirings in the public sector out of control?
    Photo by MacroPolis

    EconomyFeatures

    is lifted is more than topical, as discussions start to focus on shaping the country’s post-MoU... since the beginning of the crisis, perhaps more than most people realise. The core public sector ended... historically been looser than those applied to the staffing of permanent roles. Up until 2009, applicants

    26%

  4. Newsletter 34 - 10/07/2015

    Newsletters

    in the same period last year. This translates into a net drop in retail sales by 305 million over... reflecting domestic consumption rather than increased tourism activity. Triggered by a panic to hoard medicines rather than cover their actual needs, citizens also rushed to pharmacies, where child

    23%

  5. IMF examines where programme went wrong, what lessons were learnt
    Photo by Panayotis Tzmaros/Fosphotos

    EconomyProgramme

    projections, largely due to lower growth and deflators, while unemployment was much higher than originally... and the OSI, public debt recorded a relatively modest immediate decrease to 305 billion euros (160 percent... the sustainability assessment around the gross financing needs (GFN) metric rather than a specific debt

    21%

  6. BoG reveals figures for repatriation and banknotes returning to banking system
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    inflow of 430 million, which is lower than the respective figure of 560 million recorded in the two-year... banknotes, the monthly repatriation of funds worth 470 million over the last 17 months was more than... in the July 2015 – November 2016 period stood at 180 million, which is substantially higher than

    19%

  7. Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
    Photo by MacroPolis

    EconomyBanking

    for the third successive quarter. Net profits more than doubled to 48.1 million euros in Q1 from 20.1...-on-quarter (QoQ) to 305 million, mostly reflecting a drop in operating expenses following... by more than 100 million to 33.1 billion. The bank noted that Q1 deposits were positively affected

    18%

  8. Stocks rise for first time in three weeks, gaining 1.1 pct
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    . Corporate news Alpha’s Q1 net profits more than doubled quarter on quarter to 48.1 million, while core pre-provision income rebounded by 1.2 percent to 305 million. Marfin Investment Group (MIG) showed... than halved to 13.1 million. Lamda Development reported a rise of 6.3 percent in Q1 net profits

    18%

  9. Budget primary surplus at 4.18 bln in Sept as EU co-financed projects fall short
    Photo by MacroPolis

    EconomyMacroeconomy

    increased by 2 percent to 35.26 billion, lower than the target by 305 million. PIB PIB revenues came... million in the first nine months of the year, 805 million better than the target.

    18%

  10. Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent to 35.26 billion, lower than the target by 305 million. The MoF noted that the movement..., 805 million better than the target.

    18%