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

    EconomyMacroeconomy

    consumption down by 1.6 percent. Private consumption remains the biggest contributor to GDP, making... 20.4 percent in Q2 2009. Exports Exports of goods and services edged down QoQ at a decelerating pace

    4%

  2. Retail sales drop for thirteenth straight month by 5.2 pct in June
    Photo by MacroPolis

    EconomyMacroeconomy

    (ELSTAT) figures showed on Wednesday. In June 2015, retail sales had edged down by 1.7 percent, while... and footwear as well as in pharmaceutical products and cosmetics edged down by 2.5 and 0.5 percent

    4%

  3. Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
    Photo by MacroPolis

    EconomyBanking

    in the previous quarter leading the NPL ratio down to 39.2 percent in Q2 from 39.8 percent in Q1... by around 500 million QoQ to 38.41 billion leading loan-to-deposit ratio down to 127 percent from 129

    4%

  4. New overdue taxes increase by 811 mln in July, total stock at 90.4 bln

    EconomyMacroeconomy

    (i.e. those created before 2016) edged down by 215 million from the previous month to 82.81 billion... high figure of 42.9 percent in June. As a result, the 7-month figure edged down to 18.1 percent from

    4%

  5. Tsipras limits pledges and expectations in Thessaloniki
    Photo by MacroPolis

    PoliticsGreek Politics

    down divisions between Greece and Germany over this issue, stressing that it is not a bilateral... for these firings (including at public broadcaster ERT when it was shut down in 2013). This exchange

    4%

  6. Primary cash surplus to Aug narrows to 2.4 bln, including arrears repayment of 1.6 bln

    EconomyMacroeconomy

    surplus for August stood at 28 million euros, down from 82 million last year. However, if we... stood at 4.08 billion, down 7.1 percent from last year. The adjusted figure edged up 2 percent

    4%

  7. Credit contracts by 1.7 pct in August, loans balance at its lowest since 2007
    Photo by MacroPolis

    EconomyMacroeconomy

    of household deductions (233 million) stemmed from the housing sector leading balance down to 65.55... the beginning of 2011 that led loan balances down 23 percent over this period. The most marked drop

    4%

  8. Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln

    EconomyMacroeconomy

    14.34 billion this year. In addition, interest payments are seen down by 100 million to 5.55 billion... down from 3.3 percent in 2015 to 3.2 percent in 2016 and further to 3 percent in 2017.

    4%

  9. Broadly stable rate in time deposits, corporate loan rates fall in Aug

    EconomyMacroeconomy

    cards) fell modestly by 4 bps to 14.43 percent. The rate on loans to sole proprietors edged down 1 bp... loans down by 5 bps to 4.96 percent, after a short-lived rise above the 5-percnt mark in July. Overall

    4%

  10. Row with church too much for Tsipras's fragile coalition
    Photo by Harry van Versendaal

    Agora

    backed down from its bid to change the textbooks used for the school classes, at least... in Europe. This is largely down to the Christian Orthodox connection between Greece and Russia, although

    4%