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  1. For Greek families, electricity goes from given to must for survival
    Photo by Harry van Versendaal

    Society

    of households facing fuel poverty. Until last year, most Greeks heated their homes with heating oil... sales fell by about 500 million euros. A year further on into the crisis, households are in an even... last year, creating serious smog problems in Athens, Thessaloniki and other cities. Others, however

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  2. Another dive for compensation in Q3 drags disposable income, consumption down
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    Greek household disposable income fell by 2.6 billion euros or 8 percent year on year (yoy... 2009. Despite a targeted hike in property taxes this year, mainly related to the payment of past... given by the Ministry of Finance, which backloaded the payments in the second half of the year

    1%

  3. December fails to boost Greek retail sector: Sales fell by 6.7 pct
    Photo by MacroPolis

    Economy

    of an interim 10-day sales season helped it stay flat year on year. This was the first non-negative reading... stood at 97.2 compared to 104.2 a year earlier. Similarly, on volume the index reached 78, which was 22 percent below the 2005 base year. Within the main sectors, food saw an annual decrease of 6.8

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  4. Who benefits from Greece’s return to the markets?
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Agora

    the rush to snap up the new five-year Greek bond was reminiscent of a stampede. In the same week...-term than increasing sovereign debt finance. After the issuance of the five-year bond and the offered...), the interest rate for ten-year Greek debt declined below the six percent benchmark - a first after

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  5. Two years on, Greek government ready to give up on higher heating fuel tax

    PoliticsGreek Politics

    of the year. Soaring heating oil prices had a discernable impact on society since Greeks resorted... sources told the media that demand for heating oil slumped 71 percent in the first year (October 2012.... During the second year, demand rose by 12.9 percent with revenues from the excise tax increasing

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  6. Greece sees travel receipts shoot up by 35.8 pct in April
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's April travel receipts soared 35.8 percent to 411 million euros from 303 million last year... arrivals by 30.6 percent to 728,000 from 558,000 last year. The latter figure represented a 10.9 percent... percent to 524 euros in April 2014 from 498 euros last year. International arrivals from Germany showed

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  7. Greek CPI falls at slower pace of 0.7 pct in July

    EconomyMacroeconomy

    in the harmonized CPI, which slipped 0.8 percent year on year and 1 percent month on month. The year on year drop... prices fell by 1.6 percent. On the flipside, four sectors posted a year on year increase in prices... deflationary year in 2014, yet a slightly slower pace compared to the previous year.

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  8. Unemployment at 27.2 pct in May, hardly changed from previous months

    EconomyMacroeconomy

    reading year to date. The year on year (YoY) figures for employed showed a decline of 0.2 percent... for the third straight month to 3.33 million. This year’s peak was posted in February at 3.39 million... stand around 0.5 percentage points (pp) lower than a year ago. Although youth unemployment fell by 6.5

    1%

  9. State budget primary surplus widens to 2.28 bln at end of July after rise in revenues

    EconomyMacroeconomy

    from 707 million posted in the first half of the year, according to the preliminary data released... in the 6-month period. Compared to the figures recorded in the corresponding period last year, the primary..., last year’s numbers are not comparable with the respective 2014 figures since they incorporate SMP

    1%

  10. Strong tourism season confirmed by Q2 accommodation turnover
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    quarters refer to the weakest tourism periods of each year. That said, the turnover index in Q2 almost... 5.24 million last year. The highest increase was posted by tourists from the UK (up 33.8 percent), USA... the highest rise so far this year, at 29 percent to August. In 2013, more than half (55.4 percent

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