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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomystable YoY in Q2 after a marginal drop of 0.1 percent in Q1. The Q2 rate of zero percent is the first... forecasts foresee a 5.3 percent rise in 2014 after a 12.8 percent drop last year. Taking into account that gross fixed capital formation slipped 4.2 percent in H1, this specific target - which made up 14
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Greece is least socially just country in EU, report indicates
SocietyThis meant that Greece suffered a drop of 0.86 on the mark it gained in 2008. Only Ireland had a bigger..., with the exception of Slovakia (17th place), Ireland (18th) and Estonia (22nd), is taken up... and to open up social opportunities.” Greece ranks last in the category “Access to Labour Market
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Greek building activity drops by another 8 pct in July
EconomyMacroeconomyof building permits at 44.4 and 29.2 percent respectively. In contrast, the drop in West Greece (-26.7... of the 7-month figures showed only two regions posted a rise in permits, namely West Macedonia (up 11.2 percent) and Epirus (up 4 percent). The highest decline was recorded in Thessaly (-32 percent) as well
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Eurobank reports loss of 186.6 mln in Q3
EconomyBankinga drop in operating income by 3.1 percent to 474.8 million and a slightly higher cut in operating... further room for NII improvement in the coming months. The QoQ drop in operating expenses fully reflects.... In the previous quarter the bank had posted a double drop in NPL formation by almost 300 million. Commenting
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Newsletter 38 - 07/08/2015
and businesses, with recent surveys pointing to an average drop of around 50 percent in company turnover... whether Greece is in a position to wrap up its third bailout in time to receive new funding to pay... reading since June 2012. This was the second consecutive monthly decline and it was matched by a drop
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Deflation drops to 0.2 pct in Dec, at 1.7 pct for 2015
EconomyMacroeconomyThe drop in the Greek Consumer Price Index (CPI) decelerated further to 0.2 percent in December... 2013. The Core Index posted a drop of 0.3 percent in December with goods index down by 0.4 percent, while the services index edged up by 0.1 percent for the first positive reading since August 2012
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingreflects a notable rise in the pre-provision income (PPI) and a significant drop in loan loss provisions... in operating income coupled with cost containment led PPI up by almost 58 percent QoQ to 261.1 million... to a notable drop in the cost of risk (provisions over loans) to 1.76 percent in Q1 from 2.64 percent
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomy. The marked drop reflects deterioration in all C/A components, with the most notable in the goods deficit... than doubled due to imports shooting up by 577 million (+20.1 percent) and exports falling by almost... years, while the drop in exports largely reflects a decline in the value of oil exports. It is worth
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GDP revision for 2017 points to slight improvement from initial estimates
EconomyMacroeconomypercent, from 1.2 percent in the first estimate. Gross fixed capital formation was up by 9.2... higher than initially estimated, up 12.8 percent from 12.2 percent. According to the latest data.... In volume terms, in 2015 GDP dropped by 0.4 percent, followed by a drop of 0.2 percent in 2016
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Industrial production drops sharply by 8.1 pct in Nov
EconomyMacroeconomy, following a revised upwards rise of 0.1 percent versus a 0.3 percent drop in October, according.... Month-on-month (MoM), the index dropped by 5 percent after a downwards revised drop of 7.6 percent in October. The sharp drop in the index was driven largely by a 9.4 percent decrease in the mining
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