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  1. Greek stocks edge down 0.6 pct ending three-week rally
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    The Greek equity market traded sideways falling by 0.6 percent this week and ending a three-week rally that led to cumulative gains of 17.5 percent. Following the voting of the multi-bill with prior actions on Thursday night, all eyes are now on Monday’...

    4%

  2. Economic sentiment down 1.7 pts in May, consumer confidence up for second straight month
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) fell by 1.7 points in May after improving cumulatively by 2 points in the previous two months, European Commission (EC) figures showed on Tuesday. The ESI stood at 93.2 in May, which is the lowest reading since February...

    4%

  3. Greek and Turkish PMs tone things down, look to new Cyprus talks
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    Athens is seeking a way to move towards a normalisation of Greek–Turkish relations through Turkish Prime Minister Binali Yildirim’s visit to Greece on Monday, when he held substantial talks with Greek Premier Alexis Tsipras. In their statements after th...

    4%

  4. Disposable income edges down 0.1 pct in Q1
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greek household disposable income slipped by 0.1 percent in the first quarter (Q1) of 2017, after edging up by 0.1 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) data revealed on Monday. The headline figure for Q1 is the fourth...

    4%

  5. NBG reports net losses in Q2, NPEs down for fifth straight quarter
    Photo by MacroPolis

    EconomyBanking

    National Bank of Greece (NBG) reported net losses of 13 million euros in the second quarter (Q2) of 2017 reversing the profits of 13 million in Q1, which resulted in a break-even bottom-line result for the first half (H1) of the year. The Q2 result incl...

    4%

  6. Household disposable income fell by another 2.3 pct in 2016, consumption down by 1 pct

    EconomyMacroeconomy

    The Hellenic Statistical Authority (ELSTAT) released on Monday the annual non-financial sector accounts for 2016 along with revisions for 2014 and 2015, which also reflect the recent revisions of national accounts in mid-October. In 2016, Greece posted ...

    4%

  7. Industrial turnover falls by 0.8 pct in Sept, down for first time since Oct 2016

    EconomyMacroeconomy

    Greece’s industrial turnover fell by 0.8 percent in September after upwardly revised growth of 6.3 percent in August, according to Hellenic Statistical Authority (ELSTAT) data published on Monday. The headline figure is the first time since October 2016...

    4%

  8. Travel balance down by 76.3 pct in Dec, annual arrivals beat expectations
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s travel receipts fell by 76.3 percent year-on-year in December, compared to a rise of 81.4 percent in November, Bank of Greece (BoG) data revealed on Wednesday. Receipts came to 182.2 million euros for the month, while payments rose by 26.5 perc...

    4%

  9. Travel balance down by 29 pct in April as receipts slump
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s travel balance fell by 29 percent year-on-year (YoY) in April, dropping into negative territory after March’s growth of 48.30 percent, Bank of Greece (BoG) data revealed on Thursday. Receipts came to 489.9 million euros for the month, edging up...

    4%

  10. Trade deficit down by 15.8 pct in May on reduced imports, higher exports
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit fell by 15.8 percent in May, picking up pace from April’s drop of 4.6 percent, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday. The deficit stood at 1.47 billion euros for the month. May's dec...

    4%