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  1. 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

    9%

  2. 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

    9%

  3. 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

    9%

  4. 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

    9%

  5. 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

    9%

  6. 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

    9%

  7. 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

    9%

  8. Deflation slows to 0.7 pct in Nov

    EconomyMacroeconomy

    a marginal rise by 0.1 percent. The drop in the November CPI is largely attributed to a decline...-on-month CPI fall, the November decline of 0.8 percent is mostly due to a drop in clothing... of November. All other groups of goods and services recorded a monthly change up to 0.6 percent. Greece has

    9%

  9. General government primary cash surplus widens notably to 5.14 bln at end of Nov
    Photo by MacroPolis

    EconomyMacroeconomy

    for the second time this year. The year to date result for the social security funds stems from a drop in their revenues by 6.5 percent to 31.56 billion euros. There was a smaller drop in expenditure... arrears at 553 million up by almost 400 million year to date. Local governments’ and extrabudgetary

    9%

  10. Fall in industrial turnover slows to 1.8 pct in December

    EconomyMacroeconomy

    The drop in Greece’s Turnover Index in Industry markedly slowed to 1.8 percent in December from a revised 10.2 percent drop in November, Hellenic Statistical Authority (ELSTAT) figures displayed... percent, yet it makes up just a fraction of the overall index. The industrial turnover

    9%