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Car sales up by 17.9 pct in July and 27.2 pct in first seven months of the year
EconomyMacroeconomy. Although the overall rise in car sales in 2017 was higher than that for 2016 (+11 percent), and higher than 2015 (+13.5 percent), it remained less than half of the record high of 372,892 vehicle
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Apartment prices increase by 0.8 pct in Q2 for first rise since Q4 2008
EconomyMacroeconomyand appraisals data. In other indicators, the housing loan balance has contracted by more than... to 4,365. During last year, the absolute number of permits came to 13,847. Although this is higher than that for 2016, it remains around 86 percent lower than the peak of 95,730 permits issued in 2005.
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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomy. As with exports, imports in Greece show goods leading the way rather than services. Imports rose to 34.3..., a threat could come in the form of imports of goods rising faster than exports, which will drive... than productivity. Since, as mentioned, this is not viable in the long term, productivity must
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Unpaid contributions rise to 33.86 bln as more legacy debtors added
EconomyMacroeconomycontributions of more than 5,000 euros from the four main Greek pension funds. It is due to this ongoing... short of 1.4 million. Most debtors, 49 percent of the total, owe less than 5,000 euros for a total... contains 93,363 debtors owing 5.18 billion euros, followed by those that owe more than 1 million
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SYRIZA, New Democracy promote competing narratives after MoU exit
PoliticsGreek Politics. “Also, there will be fiscal space of more than 750 million euros, and based on all... means the end of cheap funding from the eurozone, rather than the end of austerity measures... to an unofficial fourth MoU after signing an unnecessary third MoU, which cost Greece more than 100
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Budget primary surplus confirmed at 2.05 bln in July on lower PIB expenditure
EconomyMacroeconomywas confirmed at 3.72 billion for the month of July, higher than the figure of 3.85 billion in June and roughly 3.3 percent lower than the figure for the same period last year. The aggregate figure... seven months of the year, 561 million better than the target.
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Recent study issues warning over ageing population, future pension burden
Societyage group rather than the more economically sustainable pyramid shape, has been remarked upon... productive than a young one, the report stated. Apart from longevity increasing the age of the workforce... of individuals older than 65 years for every 100 persons of working age (20 to 64 years). The ratio rose
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Tsipras and Mitsotakis gear up for economy pledges, with eyes on fiscal targets
PoliticsGreek Politicsexamining the possibility of poor families, with annual incomes of less than 9,000 euros and properties worth less than 85,000 euros, being completely exempt from ENFIA. They currently have a 50 percent... years. The government’s intention to set out relief measures for the next four years, rather than
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Car sales rise by 36.8 pct in August with aggregate increase at 28.1 pct
EconomyMacroeconomycar sales was recorded. Although the overall rise in car sales in 2017 was higher than that for 2016 (+11 percent), and higher than 2015 (+13.5 percent), it remained less than half of the record high
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Building permits rise by 16.2 pct in June and 7.5 pct in first half of year
EconomyMacroeconomyof permits came to 13,847. Although this is higher than that for 2016, it remains around 86 percent lower than the peak of 95,730 permits issued in 2005. Much of the current building activity also centres around refurbishments rather than new builds. The most recent quarterly Bank of Greece (BoG
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