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Industrial turnover falls by 7.4 pct YoY in April for first drop since early 2021
EconomyMacroeconomyin March 2021 and has been growing ever since. In May last year, with growth of 54 percent annually... Manufacturing PMI remained in expansion territory in May, although it fell marginally to 51.5 points, from... that the conditions in the Greek manufacturing sector have improved, though May was the slowest
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SYRIZA to test coalition with censure motion but victory unlikely
PoliticsGreek Politicsthat threatens the coalition's survival. Some of the dissenting MPs may use the threat of the censure.... There may also be a feeling in SYRIZA ranks that given the displeasure of some ND lawmakers... that fears the party may be becoming too conformist. For Tsipras, a face off with the government may
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PASOK unites forces with Greek "Olive Tree" for EP elections but will it be enough?
PoliticsGreek Politicsto unite with PASOK at the European Parliament elections in May in a potentially significant move... the political stage in May. The movement, often dubbed the Greek Olive Tree in reference to a similar... a move that would antagonise SYRIZA at the moment as he believes the two parties may have the chance
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Polls turn in SYRIZA’s favour but also show that doubts persists
PoliticsGreek Politicsand European Parliament elections. The May polls will be a watershed for the coalition and SYRIZA... vote in May. With misgivings persisting about the economic recovery the government has promised... to such a degree that the threat of snap elections will not hang over the government after May. The recent
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Greek bank capital increases: A breakdown of what has been achieved
Economycapital increase this month, raising 2.5 billion on May 9. The transaction was reportedly two times... billion raised from private investors in May-June 2013 during the first round of capital increases... systemic banks currently (May 13) amounts to 32.6 billion accounting for 46.3 percent of the domestic
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeminister announced on Monday. The IMF Executive Board had approved on May 30 the disbursement of two..., there is a funding gap of 12.6 billion in 2015, notably for the seven months after May 2015... (ETEAN). Since fewer guarantees have been called than expected, the Greek government may cancel about
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Unpaid taxes keep rising, tax audits short of targets
EconomyMacroeconomyGreece’s unpaid taxes rose by 873 million in May at a slightly accelerating pace compared... Systems. Following May’s performance, the year to date figure of new unpaid tax obligations stands... at the end of May from 65.97 billion at the end of April. Although the cumulative debt keeps rising
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Sparks to fly as coalition and SYRIZA clash over electricity sell-off
PoliticsGreek PoliticsParliament may be well into its summer sessions, the thermometer may be edging towards 40 Celsius and Greeks may be anticipating their holidays but the tension in the country’s politics is being steadily ratcheted up. The mixed messages delivered by the Greek electorate in May’s local and European
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Greek banks' Eurosystem funding drops to 44.95 bln in June, lowest since Jan 2010
EconomyMacroeconomyby 11.3 billion in May, according to the Bank of Greece's (BoG) monthly financial statement. The headline... of May, Eurosystem funding stood at 50.66 billion. The monthly movement is due to a drop in ECB funding... to 642 thousand euros at the end of June from 3.6 million at the end of May. Since the beginning
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Greek primary cash surplus reaches 1.8 bln in H1 2014
EconomyMacroeconomymillion respectively. Arrears After falling by 28 million euros in May, the stock of state arrears.... In absolute numbers, the outstanding figure stood at 5.15 billion in June from 5.23 billion in May..., of which 9.4 billion occurred in May. The amount of short term loans, which was zero until March
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