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  1. Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    (439.6 million) 4) Increase in the VAT rate from 23 to 24 percent, implemented as of July 1, 2016.... The unemployment rate is estimated to drop from 24.9 percent in 2015 to 23.7 percent in 2016 and further to 22.6

    5%

  2. Travel receipts rebound 2.3 pct in September, 9-month figure still points to a decline of 5.5 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    2.23 billion in September, while the corresponding payments continued rising at double-digit rate...), while those from Germany posted a slower growth rate of 6.2 percent. On the flipside, arrivals from

    5%

  3. OECD expects Greek economy to recover, stresses need for structural reforms and debt relief
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    rates of 2.6 and 3.5 percent respectively. The OECD lowered its estimates for the unemployment rate... previously), while the jobless rate is seen falling to 22.7 percent in 2018. The report also highlights

    5%

  4. PMI drops for third straight month to hit one-year low of 48.3 in Nov

    EconomyMacroeconomy

    rate over the last twelve months. Work backlogs deteriorated again, on the back of a further drop... their discounting policies for the fifth straight month. At the same time, the rate of drop

    5%

  5. Car sales keep their rising trend, up 18.4 pct in November
    Photo by MacroPolis

    EconomyMacroeconomy

    (ELSTAT) data displayed on Thursday. The November growth rate indicates the fifth straight.... Passenger cars recorded a similar growth rate and stood at 100,348 in the January to November

    5%

  6. Building activity edged up 1 pct in September
    Photo by MacroPolis

    EconomyMacroeconomy

    on Tuesday. The double-digit growth rate in August growth mostly reflected a low base effect, since... entails a disproportionally high positive or negative growth rate in each region. Although building

    5%

  7. Tsipras mixes rhetoric as review conclusion demands political decisions
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    present voted in favour of keeping the VAT rate on some islands at a lower rate, Tsipras suggested

    5%

  8. Athens settles pension handout row, looks for review progress
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    and the extension until the end of 2017 of the discounted VAT rate on certain islands. On Christmas Day.... Moreover, the cost of the suspension of the increased VAT rate on Aegean islands, estimated at 50

    5%

  9. In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    rate stood at 2.6 percent, which is slightly higher than the default rate of 2.4 percent. The report

    5%

  10. Disposable income drops by 2.3 pct in Q3 on sharp rise in taxes
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , in the past seven years. This reflects a sharp increase in the jobless rate, a rise in personal..., the household saving rate (defined as gross savings divided by gross disposable income) fell further

    5%