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Travel receipts up again in September, reaching 2.3 bln
EconomyMacroeconomy-revenue rate of 12.3 percent. The double digit rise in travel receipts fully reflects surging... for the 9-month period showed travel receipts had a 11.1 percent growth rate, similar to that recorded
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OECD sees more growth, falling unemployment in Greece
EconomyMacroeconomyof resources towards tradable sectors. Unemployment rate forecasts have been revised downwards. For this year, jobless rate is seen slipping to 26.4 percent (from 27.1 percent before) and to 25.2 percent
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Unpaid taxes up to 1.22 bln in October as total reaches 71.2 bln
EconomyMacroeconomyof unpaid tax obligations in up to 100 instalments with an interest rate of 4.56 percent, almost half the previous rate. However, the troika reportedly opposes this measure since it believes it would create
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingreduction in the average time deposit rate by 40 basis points (bps) QoQ to 2.24 percent. The bank noted that the new time deposit rate stands at 180 bps in November suggesting further funding cost
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The measures Greece is proposing to secure troika's return
EconomyProgrammemeasures include: 1) Increase in the VAT rate for hotels to 13 percent from 6.5 percent... euros. For instance, the government argues that the collection rate from the first two months
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Rise in Greek car sales slows to 7.5 pct in November
EconomyMacroeconomyΤhe rate of increase in the number of road motor vehicles going into circulation for the first time slowed to 7.5 percent in November from 33.7 percent in October, according to the Hellenic... percent in November, while the 11-month growth rate (+26.4 percent) slightly lags the country
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Newsletter 8 - 19/12/2014
and uncertainty with all the consequent negative results on their confidence. Quarterly unemployment rate down The non-seasonally-adjusted unemployment rate fell to its lowest quarterly level for two years
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Greek retail sales back on upward course in October after brief dip
EconomyMacroeconomyby 3.7 percent in October from 2.2 percent in September. October’s growth rate is the seventh positive... mixed trends with retail sale not in stores posting strong growth rate (+22.1 percent), while
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What is in SYRIZA's 3-pillar programme to overcome the crisis?
EconomyELSTAT figures, the number of jobless stood at 1.24 million in September, with the rate at 25.7 percent... the unemployment rate stands close to 50 percent, as well as the long-term unemployed above 35. The new
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Greek CPI dives 2.6 pct in December as deflation deepens to 1.3 pct in 2014
EconomyMacroeconomyThe rate of decline in Greek consumer price index (CPI) accelerated to 2.6 percent in December from 1.2 percent in November, according to the Hellenic Statistical Authority (ELSTAT). Since March 2013... percent for the first time in many decades in 2013, the annual average CPI rate further retreated by 1.3
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