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Tax arrears rise again in August as 645 mln in new debt added for total of 6.92 bln this year

Economy 21/09/2015 - 12:04

Greece’s new unpaid taxes resumed an accelerating trend growing by 645 million euros in August from 388 million in July, General Secretariat of Information Systems (GSIS) data showed on Monday. The month on month (MoM) rise in August is the second lowes...

7%
Credit standards for corporate loans tightened again in Q3

EconomyMacroeconomy 20/10/2015 - 22:57

Credit standards for corporate loans tightened quarter on quarter (QoQ) for the second successive quarter, Bank of Greece (BoG) bank lending survey (BLS) data showed for the third quarter (Q3) of 2015. BoG attributed the increased tightening Greek bank ...

7%
Sensing opportunity, Golden Dawn rears its head again

PoliticsGreek Politics 17/02/2016 - 16:52

Two Golden Dawn MPs were ousted from a parliamentary committee on Wednesday after verbally abusing Defence Minister Panos Kammenos, highlighting the growing confidence that the Neo-Nazi party’s MPs seem to be feeling. After a period in the shadows, Gold...

7%
Economic sentiment stable at 89.7 pts in June, consumer confidence rises again

EconomyMacroeconomy 29/06/2016 - 13:03

Greece’s economic sentiment (ESI) remained stable at 89.7 in June, the European Commission (EC) figures displayed on Wednesday. The ESI has hovered close to the 90-point mark since March. It has gained 13.6 points since its recent low of 76.1 last Augus...

7%
Unemployment rate falls again, reaching 23.3 pct in April - lowest since March 2012

EconomyMacroeconomy 07/07/2016 - 13:18

Greece’s seasonally adjusted (SA) unemployment rate fell for the third straight month in April, when it declined to 23.3 percent from a downward revised 23.7 percent in March, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursda...

7%
Industrial production up again in May with 2.9 pct increase

EconomyMacroeconomy 11/07/2016 - 12:49

Greece’s industrial production continued its rebound in May, posting an increase of 2.9 percent compared to a sharp drop of 4.3 percent in May 2015, ELSTAT data showed on Monday. On a month on month basis, May recorded a drop of 1.9 percent compared to ...

7%
Net job hirings rise again, reaching 19,281 in July - highest since 2001

EconomyMacroeconomy 18/08/2016 - 15:16

The employment balance was kept positive for the sixth successive month with net hirings reaching 19,281 in July 2016 from net departures of 16,658 a year ago, the Labour Ministry’s information system (Ergani) data showed on Thursday. In addition, this ...

7%
Turnover in services sector worsens again in Q2

EconomyMacroeconomy 15/09/2016 - 15:23

Most of the turnover indices for the services sector fell year on year in the second quarter (Q2) of 2016, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. In particular, 9 out of the 14 service activities posted a decline in Q2 with ...

7%
Greek stocks edge down 1.3 pct during week, banks perform poorly again

Economy 16/09/2016 - 18:07

The Greek stock market fell by 1.3 percent this week, with banks posting notable losses of 7.6 percent for the second successive week Trading activity surged at the close of trading this week for technical reasons caused by rebalancing. Discussions with...

7%
Greek stocks on the rise again, end week 2.1 pct up

Economy 14/10/2016 - 18:08

The Greek equity market headed north for the second straight week, rising by 2.1 percent, while banks continued to perform well. The trading activity, albeit improved from the previous week, remained subdued overall. The Eurogroup welcomed on Monday the...

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