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  1. CPI down 1.3 pct in April as Greece remains in deflation for 14th month

    EconomyMacroeconomy

    of the respective VAT rate by 10 percentage points as of August 1. In contrast, health coupled with alcoholic... of 0.3 percent in 2015. On the flipside, OECD latest forecasts point to a stable deflation close to 1

    8%
  2. Bookies see clear win for SYRIZA in EU elections but not in local vote

    PoliticsGreek Politics

    with the former’s odds having a 1 pp handicap at 1.36 and the latter’s at 2.80. Sportingbet offers for the first... to 4.30 for the SYRIZA candidate Gavriil Sakelaridis. In the first round, their difference stood at just 1

    8%
  3. Piraeus Bank reports loss of 247 mln for Q1
    Photo by MacroPolis

    EconomyBanking

    points QoQ to 109 percent. Eurosystem funding narrowed by 8 billion within Q1 and by a further 1 billion... Core Tier 1 (CET1) stood at 14.4 percent. Taking into account the negative impact from

    8%
  4. Budget execution shows primary surplus of 711 mln, 503 mln ahead of target

    EconomyMacroeconomy

    revision mainly reflects higher forecasts for revenues (by 1 billion), more than offsetting higher... period. This implies an average figure exceeding 1 billion per month. Although the April figure of 763

    8%
  5. BoG sees encouraging signs for Greek economy but warns on reforms

    Economy

    positive in 2014 at 1 percent of GDP lower than its previous estimate of 2 percent. The key contributor... that an increase in real GDP by 1 percent results in a rise of the tax efficiency of VAT by 0.20 – 0.43

    8%
  6. Greeks living in smaller, older, poorer quality homes during crisis, BoG study shows
    Photo by Harry van Versendaal

    Society

    in 2008. It is estimated that 1 million houses in Greece were built after 2000 but only 10 percent... by 0.2 percent in 2008-2012, apartments grew by 1 percent, while other type posted a double-digit

    8%
  7. Multi-bill passes but coalition's relationship with armed forces and police sours further

    PoliticsForeign Policy

    -tranche of 1 billion euros, and 47 lawmakers opposed it. The multi-bill contained a raft of reforms... the next 1 billion euros from its lenders. Greece has 5.6 billion euros of bonds maturing this month

    8%
  8. Finance Ministry scrambles to correct property tax after error-strewn debut

    EconomyMacroeconomy

    on August 1. The first warning sign that something was not quite right came on August 1, when MoF

    8%
  9. Greek central government debt rises to 322.4 bln in Q2

    Economy

    exceeding 5 years, while the remaining 21 percent is equally split between short (up to 1 year) and medium (1 to 5 years) term debt. Greece’s cash deposits rose by around 1.5 billion euros

    8%
  10. Alpha Bank reports H1 profits of 267.4 mln on one-off item
    Photo by MacroPolis

    EconomyBanking

    Common Equity Tier 1 (CET1) ratio improved to 16.3 percent from 15.6 percent in Q1. The quarterly... ratio at 40 percent (55 percent in Q2), cost of risk less than 1 percent (2.2 percent in Q2), loan

    8%