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  1. Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln

    EconomyMacroeconomy

    is attributed to a significant drop in the net oil import bill, while net payments for purchases of ships... showed a surplus of 1.66 billion up by 52.2 percent on the 2013 item of 1.09 billion. The significant... as a drop in non residents’ holdings of Greek government bonds and T-Bills. For the full year, the net

    8%

  2. Building activity rises again in March as permits increase by 19.1 pct
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    to February, surface and volume posted a much higher growth, up by 32.2 and 33.1 percent respectively... that prevailed in the prior period, the run rate over the trailing twelve months still displays a drop... Aegean (+35.3 percent). On the flipside, Ipeiros was the only region recording a drop by 11.6 percent

    8%

  3. Greek trade deficit plunges by 24.2 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    billion in May, which is the second lowest reading so far in 2015. The sharp drop in May trade... in May, which indicates the second highest reading year to date. The drop in imports also follows..., the trend is completely reversed with trade deficit up by 7 percent, reflecting an increase in both

    8%

  4. Current account surplus at 407 mln in May - first positive balance since Sept 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    improved by almost one third to 985 million from 1.46 billion last year, reflecting a double-digit drop... that resulted in a drop in oil imports by the Hellenic Petroleum, one of the two main Greek refineries... to a higher drop in imports (-9.6 percent) compared to that of exports (-7.8 percent). In absolute terms

    8%

  5. Greek business feeling the pinch from capital controls
    Photo by MacroPolis

    Economy

    losses in excess of 40 percent. According to market sources, the drop in corporate turnover has... found 18 percent of companies indicated a drop in revenue in excess of 50 percent, while 51 percent said..., investment houses and insurance programmes have thrown up a number of issues and resulted in lost revenue

    8%

  6. Capital controls take toll on car sales, which fell 23.9 pct in July for first time in two years
    Photo by MacroPolis

    EconomyMacroeconomy

    ). The drop in July is largely attributed to the imposition of capital controls. It is the first... in the 7-month period was recorded in May at 13,000. Following the sharp drop in July, the aggregate... in the 7-month period with passenger cars growing at a similar pace and making up almost 83 percent

    8%

  7. Report sees fall in salary earners, big rise in part-time work during crisis
    Photo by MacroPolis

    Economy

    million between 2010 and 2014. Almost two-thirds of that drop consists of male workers... for those with a permanent job. In addition, the drop in the private sector reached 16.8 percent... a rise in part-time employees with flexible employment making up more than half of total new hirings from

    8%

  8. Unemployment rate eases to 24.6 pct in Q2 as number of employed jumps
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    by 2.4 percent to 3.63 million coupled with a drop in the jobless figure by 7.8 percent to 1.18... than that of males. The respective breakdown by age group showed the biggest YoY drop was posted... percent. After a short-lived drop in Q1, the percentage of ‘new’ unemployed (i.e. those looking

    8%

  9. Major fall of 31.6 pct for building activity in July

    EconomyMacroeconomy

    and volume strongly rebounded by 58.2 and 275 percent respectively in July, following a drop in June... posted a much stronger growth, up by 17.2 and 55 percent respectively, according to ELSTAT. Similarly, the run rate over the trailing twelve months shows a drop of 8.2 percent in permits, while surface

    8%

  10. Eurosystem funding down by 2 bln in Oct for fourth straight fall

    EconomyMacroeconomy

    , when it eased by 2.01 billion euros from a 2.67 billion drop in September, the Bank of Greece's (BoG... billion. This represents the second consecutive drop and reflects the return of Greek banks’ repos... will increase their EFSF holdings. At the same time, the ELA funding of Greek banks edged up by 0.41

    8%