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  1. Foreign minister quits government, heaping pressure on Tsipras
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    times over the past few years when he appeared to shape foreign policy based on his beliefs rather than... that the souring of relations with Russia was a route chosen by Kotzias rather than Tsipras. The prime minister... in the months to come than it has been over the previous few years.

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  2. August current account shows surplus of 1.56 bln as deficit in primary income account grows
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    lower than the figure of 1.58 billion euros in July, Bank of Greece (BoG) figures showed on Monday... worsened very slightly by 18.3 million or 1.1 percent. This was driven by imports rising faster than... widened as imports grew faster than exports in absolute terms. Exports in the aggregate period rose

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  3. Athens aims for November agreement with lenders on pension cuts
    Photo by EU Council via Flickr https://flic.kr/p/gDK7GV

    EconomyProgramme

    to be pressing for the discussions on next year’s pension cuts to be discussed officially, rather than... to raise the tax-free threshold from 2019, rather than 2020 as had been previously agreed. In private... for this subsidy to more than 100 million euros. Once the 2019 excess surplus has been agreed

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  4. Appeals over past pension cuts sow confusion about potential fiscal impact of backpay
    Photo by MacroPolis

    Economy

    and, as such, there should have been a more detailed analysis and view rather than the across-the-board... that happened in 2012. However, more than 200,000 pensioners have so far submitted applications to a dedicated..., even the short period of 12 months between 2015 and 2016 could cost public coffers more than 2 billion

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  5. Building permits increase by 13.3 pct in August
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    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. Much of the current building activity also centres around refurbishments rather than new builds. However, signs

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  6. Hirings balance negative by 120,087 in October on seasonal movements
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The employment balance turned sharply negative in October with 120,087 more departures than hirings... departures than hirings. The smallest negative balance was observed for those aged 64 and over at 1,359.... In the aggregate period, the employment balance showed 168,282 more hirings than departures. Ergani noted

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  7. Greek tax rate hikes among highest in OECD countries, tax report shows
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    are all higher in Greece than the OECD average. Greek taxes are lower than the OECD average... at the same time that the country’s GDP fell by more than a quarter. The revenue breakdown shows

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  8. Building permits rise by 6.6 pct in September, up by 9 pct in 9M
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    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

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  9. Car sales rise by 12.3 pct in November and 23.7 percent in 11-month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    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 registrations in 2007

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  10. Chasing investment, the Greek dream
    Photo by MacroPolis

    Agora

    formation represented more than quarter of Greek GDP, at 27.4 percent. By the second quarter of 2015... were worth 23 billion euros. By 2010, this had reached more than 81 billion euros. Then, as Greece..., the index for other construction is in recovery since 2016 and higher than the 2010 levels. Spending

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