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  1. Athens eyes cancellation of pension cuts as Tsipras prepares Thessaloniki package
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    as part of the troublesome second review of the third programme, will be scrapped. “The 2019 budget... seven months of the year. The release of second quarter GDP figures on Monday is expected to allow

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  2. Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
    Photo by MacroPolis

    EconomyBanking

    Alpha Bank reported a net loss of 52.9 million euros in the second quarter (Q2) of the year, attributable entirely from profits originating from continued operations. The results reverse profits... of around 660 million. For the second half of the year, management noted that NPE reduction of 2.9 billion

    17%

  3. NBG remains profitable in Q2 with net results of 21 mln
    Photo by MacroPolis

    EconomyBanking

    National Bank of Greece (NBG) reported a net profit of 21 million euros from continued operations in the second quarter (Q2), very slightly improving on net profits of 20 million in Q1. Factoring... stands at 16.4 percent. Paul Mylonas, Chief Executive Officer of NBG, said that the second quarter’s

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  4. General govt primary cash surplus at 2.82 bln in July, arrears unchanged
    Photo by MacroPolis

    EconomyMacroeconomy

    assets (-881 million) and transfers (-464 million). Expenditure increased for a second consecutive... month-on-month and came to 2.72 billion euros for a second month. Month-on-month declines were seen

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  5. Greece tops OECD countries for tax rises and spending cuts
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    noted that among OECD countries, Greece had the second lowest rate of real GDP growth in 2017, ahead... as a percentage of the labour force was the second highest after South Africa. In terms of labour

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  6. Building permits rise by 16.2 pct in June and 7.5 pct in first half of year

    EconomyMacroeconomy

    reading of the year so far. The current figure is also the second highest increase for the year after...) figures showed that apartment prices rose by 0.8 percent year-on-year in the second quarter of the year

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  7. Industrial turnover rises by 17.5 pct in July for seventh positive month

    EconomyMacroeconomy

    reading of December 2017. July’s reading is the second highest for the year so far after June... registered a strong rise of 36.8 percent, which was the second highest rise overall

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  8. Credit contraction stays at 1.5 pct in August, balance reaches 177.44 bln

    EconomyMacroeconomy

    for a fifth month in a row. The net lending flow remained negative for a second month and came to -306.9... balance stayed negative for a second month also, softening to -100.9 million from -931.5 million

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  9. Privatisation revenues edge upward as end-of-year deadline looms
    Photo by Giannis Papanikos/Fosphotos

    EconomyFeatures

    qualified for the second round of the tender. The minister’s outburst came after the European... of this year, with contracting starting from around the second half of 2019. Interested parties have

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  10. Newsletter 179 -19/10/2018

    Newsletters

    and local votes. GDP revision shows slight improvement Second estimate strikes positive note as govt submits draft budget Greece’s Statistical Authority (ELSTAT) issued its second estimate of the national

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