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  1. Deposit flow remains negative for the second straight month with outflows of 390 mln in November

    EconomyMacroeconomy

    The Greek banking system recorded deposit outflows for the second successive month of 390 million in November from 681 million in October, Bank of Greece (BoG) figures displayed on Wednesday. As a result, the negative flow in the last two months more than offset the inflows in the preceding two

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  2. Coalition poised to unveil pension reform proposals, hoping to avoid cuts
    Photo by MacroPolis

    EconomyProgramme

    system. The third memorandum of understanding (MoU) calls for pension cost savings of 1 percent

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  3. Gov't mounts defence of pension plan but lenders' approval may take time

    PoliticsGreek Politics

    Having spent the last few days on the defensive after releasing its proposals for the overhaul of the pension system, the government has decided to actively defend its plan both at home and abroad. On Wednesday, the coalition announced a point-by-point rebuttal of opposition criticism regarding its

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  4. Suspension of Eldorado's mine work deals blow to coalition's investment drive

    Economy

    Corporation (PPC) and its buy out by the state. A European transmission system operator could purchase a share

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  5. Greek labour market recorded in 2015 second highest net hirings since 2001
    Photo by James Montgomerie via Flickr https://flic.kr/p/jY8Sn

    EconomyMacroeconomy

    Net hirings stood at 7,826 in December, which is the second positive reading for this month since 2001, the Labour Ministry’s information system (Ergani) showed on Tuesday. Ergani was launched in March 2013 and registers in real time the employment flow in the Greek economy’s private sector

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  6. Pension reform brings painful overhaul in social security contributions for self-employed

    Economy

    and new SSC calculation methods shows the current system favored self-employed with relatively higher

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  7. Current account deficit at 1.22 bln in Nov, down 18.6 pct

    EconomyMacroeconomy

    lower but they could be recorded since they were conducted outside the Greek banking system due

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  8. Pressure on Greece to stem migrant flow puts strain on EU ties
    Photo by Richard Leonard via Flickr https://flic.kr/p/5iRa7

    PoliticsGreek Politics

    about who could enter its territory after suspending the use of the Schengen passport-free system

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  9. Deposit inflows of 2.65 bln in Dec, highest positive flow since Feb 2013

    EconomyMacroeconomy

    The Greek banking system displayed deposit inflows of 2.65 billion euros in December following outflows of 390 million in November, Bank of Greece (BoG) figures showed on Friday. In absolute terms, private sector deposits amounted to 123.38 billion euros at the end of 2015, which is the highest

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  10. Labour Ministry 2015 data shows increase in employment, marginal drop in average wage

    Economy

    The Labour Ministry published on Tuesday the annual report of its information system (Ergani) providing detailed figures on mostly private sector companies and their workers. The information was gathered by data entered electronically by firms into Ergani. The report showed 222,281 companies were

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