Search
-
Substantial ground for Greece and lenders to cover before May 9 Eurogroup
PoliticsGreek Politicsis due to be held on May 9 but it is still not clear how Athens and its creditors will arrive... ahead until the Eurogroup on May 9. The Greek side has not ruled out the possibility of a high..., while Tsipras may repeat his call for a summit of eurozone leaders if the May 9 meeting proves
14% -
Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
EconomyMacroeconomyGreek banks’ Eurosystem funding fell again in May for the 11th successive month, declining by 3.86... showed on Monday. The change in May represents the highest monthly decrease in the course of 2016... reading since January 2015. The recorded drop in Central Bank funding in May almost equally reflects
14% -
Industrial production up again in May with 2.9 pct increase
EconomyMacroeconomyGreece’s industrial production continued its rebound in May, posting an increase of 2.9 percent compared to a sharp drop of 4.3 percent in May 2015, ELSTAT data showed on Monday. On a month on month basis, May recorded a drop of 1.9 percent compared to April. In the year to date, industrial
14% -
Greek PMI rises to 49.6 in May as uncertainty continues to impact
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 1.4 points in May according to Markit, posting the ninth... conditions. The deterioration however was slightly improved upon in May compared to previous months. The PMI stood at 49.6 in May, up from 48.2 in April. The rate of decline eased for the second successive
14% -
Net job hirings reach new high of 89,534 in May, 5-month figure a record
EconomyMacroeconomyThe employment balance stayed positive in May 2017 with net hirings climbing by around 13,000... on Wednesday. This year’s figure is the highest positive reading for May since 2001. It is worth noting that May has had a positive employment balance over the last 17 years. Specifically, hirings stood
14% -
May is the cruelest month
Agorarelationship. However, European leaders fear that Theresa May’s government might be too fragile... showing a 20 point lead for the Conservatives. This suggested a landslide that would have allowed May... process. At the same time, the 13 new Scottish Conservative MPs and their leader Ruth Davidson may
14% -
Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
EconomyMacroeconomyThe pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from... in May, from additions of 659 million in April. The May figure is the highest negative reading since January, when net deductions reached 885 million. The negative flow in May reflects net deductions
14% -
General govt primary cash surplus at 2.25 bln in May, arrears rise
EconomyMacroeconomyof the total figure. Arrears Arrears to the private sector (including tax refund arrears) rose in May... to bring them to 5.05 billion in May. The largest declines in May were recorded in the subsectors... of May, representing 44.4 percent of the total, followed by tax refunds of 1.21 billion (23.9
14% -
New overdue tax obligations reach 717 mln in May, total at 95.2 bln
EconomyMacroeconomyGreece’s new tax debt eased slightly to 717 million euros in May from 754 million in April... categories rose by 599 million in May, a notable decline from the figure of 714 million in April. Around one... in May from 85 percent in the previous month. The amounts due for the other three key taxes, namely
14% -
Eurosystem funding falls by 716 mln in May
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 716 million euros in May, the Bank of Greece's (BoG... funding fell in May after having risen for two consecutive months. In recent months, ELA funding has been steadily falling, with the latest reduction coming on May 17, when the ECB announced that the ELA
14%