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  1. NBG remains profitable in Q2 with net results of 21 mln
    Photo by MacroPolis

    EconomyBanking

    ) of the year stood at 41 million euros, strongly improving from the loss of 59 million euros noted.... Core PPI came to 218 million euros in H1, a decline of 44 percent year-on-year. Asset quality... now reached its full year target for 2018 for the NPE pile to stand at 16 billion euros. The group

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  2. Tsipras and Mitsotakis gear up for economy pledges, with eyes on fiscal targets
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    regarding the measures for next year, but less so for the following years. This is because the extra... reduction in pension spending from next year. However, the government seems adamant... will be dependent on this year’s excess primary surplus as well as the expected overperformance in the coming

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  3. Fiscal matters expected to dominate talks as lenders return for post-MoU check

    EconomyProgramme

    , with next year’s pension cuts topping the agenda for their brief visit to Athens. The lenders... high up on the agenda. The discussion regarding this year’s fiscal data and next year’s budget... will have to implement next year’s pension cuts. Speaking at the Thessaloniki Expo (DETH) on Saturday

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  4. Turnover in tourism grows by 11.5 pct during Q2
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    quarter in the second quarter (Q2) of the year, increasing by 11.5 percent from 10.9 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday. 2017 marked the first year since 2014 in which positive growth was noted for each quarter, bringing the average increase for the year

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  5. Unemployment rate falls to 19 pct in Q2
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    ) of the year, dropping from the rate of 21.2 percent registered in Q1, Hellenic Statistical Authority... that the rate of unemployment has fallen under 20 percent. Compared to the same period last year... in employment in Q2 compared to the same period last year was noted in the sector of human health

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  6. Card transactions in Greece experience boost due to capital controls

    EconomyBanking

    traditionally dominated. The data showed that in the year that capital controls were introduced, transactions by credit or debit cards came to around 5 percent of GDP. By 2017, the year for which the latest.... In 2014, the last year before capital controls were enforced, total card transactions in Greece came

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  7. VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
    Photo by MacroPolis

    EconomyFeatures

    of that year and removed the VAT discount enjoyed by most islands. The report noted that in all other EU.... In percentage terms, the VAT gap rate in 2016 has remained unchanged as compared to 2012. Year-on-year... by 11.2 percent in 2016 to 14.33 billion euros, compared to 12.89 billion in the previous year

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  8. Retail turnover in July up by 4 pct as volume rises 2.5 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    in February, the index has remained positive throughout this year. The corresponding volume index also grew..., February has been the only month this year that the volume index fell into negative territory. Compared to July last year, the main rises in turnover were observed in automotive fuel, which went up by 10.6

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  9. Building permits rise by 9.8 pct in July, up by 8.4 pct in 7-month period

    EconomyMacroeconomy

    figure marks four months of growth after March’s decline which was the first negative reading of the year... number of permits was issued in Attica (371 permits), up by 3.1 percent compared to last year... seven months of the year, permits issued rose by 8.4 percent to 8,647. The relevant surface connected

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  10. Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap
    Photo via http://www.delphiforum.gr/

    EconomyMacroeconomy

    that Greece and the institutions have yet to reach a formal agreement on the cancellation of next year’s... fiscal target (3.5 percent of GDP primary surplus) by at least 800-900 million euros this year. It also expects an excess surplus of 122 mln next year (total primary surplus at 3.56 percent of GDP

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