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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeaturesin recent years which links higher card usage to improved tax and VAT collection rates. Once capital
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Capital controls to ease further from the beginning of September
EconomyMacroeconomyeconomy and financial system. Improvements in tax collection and VAT rates were noted as more people
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CPI up by 1 pct in July for seventh straight rise
EconomyMacroeconomyin hotel rates. Marginal rises were noted in alcoholic beverages and tobacco (+0.4 percent) food
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Building activity up by 45.7 pct in May, highest since Dec 2005
EconomyMacroeconomyedging down by 0.9 percent in 2015. Moreover, building surface and volume dropped at double-digit rates
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Rating agencies concur in improved prospects for Greece
Economyis amongst the longest of the sovereigns that Fitch rates. All three see the stock of debt declining
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Greek banks meet NPE reduction targets in Q2, write-offs remain primary source of reduction
EconomyBankingby significant cure rates in the same portfolio. As with previous quarters, NPE outflow from collections
3% -
Newsletter 131 - 8/9/2017
inflows which were offset by significant cure rates in the same portfolio. As with previous quarters
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Wages index improves 0.5 pct in Q2, rises 1.8 percent QoQ
EconomyMacroeconomyon wages as well as changes in the labour market. These developments include increasing rates
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Building activity rises by 9 pct in June, permits above 1,000 for fourth month
EconomyMacroeconomyin 2015. Moreover, building surface and volume dropped at double-digit rates of 12.8 and 28.9 percent
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Athens outlines 2018 debt management plan for post-bailout era
EconomyMacroeconomyinterest rates. Additionally, profits from SMP and ANFA holdings of the European Central Bank
3%