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  1. Budget primary surplus confirmed at 1.94 bln in 2017 on expenditure fall
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    months of 2017, down by 30.1 percent against the figure for 2016 which stood at 2.78 billion... the target by 259 million euros. Broken down on a monthly basis, the primary balance for December.... On a monthly basis, tax refunds came to 518 million, down by 11 percent compared to the same time last

    5%

  2. Credit contraction remains at 0.9 pct in December
    Photo by Aggeliki Koronaiou/Fosphotos

    EconomyMacroeconomy

    . Deductions in the household lending segment came to 150.6 million in December, down from November’s figure of 140.4 million, which led the balance to edge down to 82.31 billion. Driven by the net... years, with the loan balance down by more than a quarter on the back of continued deleveraging. Net

    5%

  3. Unemployment rate at 20.9 pct in November, slight upward revision for October
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    to 25.8 percent in November. The unemployment rate for men was 17.1 percent, down also by 2.6 pp year-on-year. Broken down by age group, the largest year-on-year drop (-3.3 pp) in unemployment came... to 11.6 percent. Broken down on a regional basis, Epirus and West Macedonia still show the highest

    5%

  4. Athens takes cautious approach to Turkish words and actions
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    evening. The purpose of the phone call was to dial down the rhetoric and prevent the situation... in this stance by the fact that the opposition parties have, for the time being, also toned down..., though, are certain to proceed once things die down as they see such an investigation as a way

    5%

  5. Three in 10 workers in part-time jobs, earning less than 400 euros
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    wage went down by 2.4 percent. From around 2.1 million workers whose data was used, 636,424 or 30.9... insured workers broken down between 2,032,829 in enterprises and 22,627 in construction. Broken down

    5%

  6. Progress on new property values but concerns about energy privatisation
    en_GB Photo by Harry van Versendaal

    EconomyProgramme

    to Papanatsiou, objective values will go up in 6,070 areas, or around 60 percent, and come down in 2,300 areas..., as the overhaul of objective values was meant to be part of the third review but was kicked further down... making them unattractive to investors who will fear the possibility of authorities shutting them down

    5%

  7. NBG reports net loss of 163 mln in 2017, bad loans continue to fall
    Image via www.nbg.gr

    EconomyBanking

    percent to 848 million. Asset quality Domestic non-performing exposure (NPE) stock went down.... The group NPE ratio edged down to 44 percent from 45.2 percent in Q3, while the NPE coverage ratio... the total book is priced at 86 bps, down by four basis points compared to the previous quarter. The total

    5%

  8. Retail sales rise by 0.7 pct in Jan, volume up by 1.5 pct
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    was revised down to 2 percent, according to data published by the Hellenic Statistical Authority (ELSTAT... in retail trade was down to rises in several subcategories. Specifically, in the Main Store category, a rise... percent). Broken down by volume, a rise of 5.1 percent was noted in the non-food sector except

    5%

  9. Unemployment rate at 20.6 pct in Jan, inactive population rises
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    slightly down from December’s figure of 20.8 percent, Hellenic Statistical Authority’s (ELSTAT) data showed.... The unemployment rate for men was 16.7 percent, declining by 2.9 pp year-on-year. Broken down by age... 35-44 (-1.1 pp). Broken down on a regional basis, Epirus and West Macedonia continue to have

    5%

  10. Central Athens shop closures at six-year low, mixed picture in other commercial centres
    Photo by Pavlos Svoronos/Fosphotos

    EconomyFeatures

    the March 2017 survey’s total of 26.3 percent. For Piraeus, the closure rate was 34 percent, down... percent to 22.8 percent within a year. Broken down by area of activity, a decline of 0.78 pp was noted... while shops had not been closing down, new businesses were slow to open in Greece’s main commercial

    5%