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  1. Decline in retail sales accelerates to 8 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales index accelerated its decline in May, falling by 8 percent year on year from a revised 4.4 percent drop in April, according to data released by ELSTAT on Friday. The volume index recorded a drop of 6.4 percent compared to the same period last year, from 2 percent

    9%

  2. Minor uptick in time deposit and average loan interest rate in June

    EconomyMacroeconomy

    percent. On the flipside, interest rates for corporate loans above 1 million euros edged up by 2 bps

    9%

  3. Bank of Greece publishes revised Code of Conduct for management of NPLs
    Photo by MacroPolis

    EconomyMacroeconomy

    below interest only and grace period. Longer term (higher than 2 years) settlements, taking

    9%

  4. Unemployment rate stable at 23.5 pct in May after upward revision for April
    Photo by MacroPolis

    EconomyMacroeconomy

    by age showed mixed trends. In specific, the jobless rate in the 35-44 years old fell by 2 pp

    9%

  5. Newsletter 85 - 05/08/2016

    Newsletters

    million in March and April. 2 Justice blind to the facts A deficit of reality and a surplus

    9%

  6. Greek stocks fall 1.5 pct, banks underperform for third straight week
    Photo via www.helex.com

    Economy

    net profits by 33.6 percent to 19.4 million with revenues up by 2 percent to 262.6 million, while

    9%

  7. Athens watches Turkey-Russia rapprochement with interest
    Photo by Vicente Villamón via Flickr https://flic.kr/p/6MoX4Y

    PoliticsForeign Policy

    , the process of freeing up the 2 billion euros EU funds for the refugees in Turkey has been accelerated

    9%

  8. Current account surplus almost doubles to 1 bln in June
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    , the latter reflects a drop in arrivals by 2 percent, while we conclude that the average spending per

    9%

  9. Credit contraction slows to 1.6 pct in July, loan deductions jump to 638 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    Credit contraction in the Greek banking market decelerated to 1.6 percent in July from 2 percent in June, Bank of Greece (BoG) figures showed on Friday. The July headline figure represents the slowest rate of drop over the past twelve months. Loan balances fell by more than 1 billion euros from

    9%

  10. Q2 GDP rebounds 0.2 pct QoQ but shrinks 0.9 pct YoY amid consumption drop and investment rise
    Photo by MacroPolis

    EconomyMacroeconomy

    posted in Q1. As a result, investment grew by 2 percent in H1. However, investment has tumbled

    9%