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Retail sales nosedive by 8.7 pct in July amid capital controls
EconomyMacroeconomy) and department stores (down 14.9 percent). In contrast, retail sales not in stores rose by 1 percent in July... a marked improvement by 11 points to -20.
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Tsipras identifies debt relief, bank recap and attracting investments as key goals
PoliticsGreek Politicsreview and secure the disbursement of the next two subtranches of 2 and 1 billion euros due by mid... to international bond markets in 20 months, in other words by mid-2017. Debt relief It was little surprise
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IMF sees Greek debt above 200 pct of GDP in 2016, at 182 pct in 2020
Economyis seen easing to 1 percent in 2018 and to 0.3 percent in 2020. The cost of bank recapitalisation is among the key reasons for a significant rise in the IMF’s gross debt estimate by almost 20 percentage
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Newsletter 47 - 16/10/2015
Little appetite for a fuss Government expected to easily pass first package of prior actions The submission to Parliament of the government’s first multi-bill since the 20 September elections has... forecasts point to a recession of 1 to 1.5 percent for this year and 1.3 to 1.8 percent for next year
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingto 34.5 billion. Note though that since the end of the bank holiday on July 20 until mid-October... (ELA) funding slipping by 1 billion to 21.2 billion. The new time deposit rate further fell by 64
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Tsipras and SYRIZA: More old than new
AgoraAlexis Tsipras staked his political future on the “new vs old” concept in the September 20 elections. His victory at the ballot box, though, does not mean that it can yet be deemed a winning strategy... Minister Giorgos Stathakis’s failure to declare bank deposits of 1 million euros in his derivation
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Greece fell two places to 60th in Doing Business ranking, World Bank says
Economyslipped 1 place to 132nd. In registering property it remained unchanged in 144th spot. Getting Credit... of the warehouse value. Registering property (144th) in Greece requires 10 procedures, takes 20 days
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Athens ticking off prior actions one by one as EU keeps close watch
PoliticsGreek Politicslitres) to 200 and to 330 euros as of October 1, 2016. Also, the tax rate on farmers’ income is set to increase from its current level of 13 percent to 20 percent in 2016 and then to 26 percent
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NBG strengthens capital at deep discount, falls short of initial target
Agora) and Eurobank (52.4 percent) announced earlier this week. The bank will also proceed with a reverse split (1... plunged 20 percent this week and 52.9 percent since the announcement of its capital shortfall on October
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Travel receipts fall by 5.4 pct in Sept for first drop in 2015
EconomyMacroeconomysignificantly slowed to 5.4 percent from more than 20 in the preceding nine months, while double... by 1 billion from last year’s figure.
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