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  1. Building activity up by 10.2 pct in Feb for biggest rise since Nov 2013

    EconomyMacroeconomy

    an exceptionally high growth rate of 36.2 percent. At the same time, surface and volume soared by 49.8 and 51.2 percent respectively in February. Note, though, that the run rate over the trailing twelve months

    5%

  2. Industrial turnover falls for 5th straight month in March at decelerating 2.9 pct

    EconomyMacroeconomy

    The Turnover Index in Industry fell for the fifth successive month, yet the rate of drop decelerated to 2.9 percent in March from 10 percent in February, according to the Hellenic Statistical... by a double-digit rate (+12.6 percent) to a large extent offset by a decline for the non-euroarea countries

    5%

  3. Newsletter 27 - 22/05/2015

    Newsletters

    rebellion. suggestion of a dual rate for VAT, depending on the payment method. Finance Minister... in March but the rate of decline slowed to 2.9 percent from 10 in February. March’s fall was the fifth

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  4. Piraeus Bank brings Q1 2015 losses down to 69 mln
    Photo by MacroPolis

    EconomyBanking

    repricing. In particular, deposit rate eased further by 26 basis points (bps) QoQ to 1.15 percent, mainly led by a contraction of the time deposit rate by 23 bps QoQ to 1.83 percent. Note that the higher

    5%

  5. Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    economic recovery this year. The provisional data also showed the year on year (YoY) GDP growth rate... at double-digit rate by 10.8 percent QoQ and 12.4 percent YoY. EC expects a slowdown in import

    5%

  6. Downturn in retail trade eases to 0.4 pct in March

    EconomyMacroeconomy

    The turnover of Greece’s retail trade index headed south for the fifth successive month in March but the rate of decline eased to 0.4 percent in March from a revised 3.1 percent in February... dropping by 1.7 percent in February. The March rate is the second positive reading so far in 2015

    5%

  7. Greek trade deficit up 6 pct in April despite growth in exports

    EconomyMacroeconomy

    , whilst those from non-EU countries increased by a double-digit rate (+13.2 percent). The aggregate... with a negligible impact on trade deficit. In specific, exports rose at a double-digit rate by 14.8 percent, while

    5%

  8. Improving car sales in Greece continue with 27.9 pct rise in May
    Photo by MacroPolis

    EconomyMacroeconomy

    Statistical Authority (ELSTAT). Despite the slowdown, the May rate is the fourth successive reading... slightly below the 55 percent rate recorded in 2014. The number of road motor cars had surged by 30.2

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  9. Greece and lenders fail to bridge their differences in Brussels

    PoliticsGreek Politics

    stemmed from an upward revision of VAT revenues to 1.3-1.4 billion by increasing the low rate to 6.5 percent and the middle rate to 12-13 percent. However, the new proposal still fell short

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  10. Greece and lenders talk at cross purposes, head for crisis summit
    Photo by EU Council Eurozone https://flic.kr/p/dUgXKJ

    PoliticsGreek Politics

    . However, if the current rate of deposit depletion remains or increased it could quickly become... at the current rate, the Greek government could find itself with its hands tied going into Monday’s summit

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