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  1. Current account deficit improves to 2.11 bln in Apr, broadly stable in 4M
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    2024. The total services balance was 1 billion euros, from 941.2 million in April 2024. During... came to 2.88 billion euros in April, from 3.13 billion euros in the same month last year. Total imports came to 6.64 billion euros in April, from 7.5 billion last year. At the same time, total

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  2. Seasonal factors take unemployment rate to 8.6 pct in Q2 - lowest since 2008
    Photo by MacroPolis

    EconomyMacroeconomy

    sector peak in Q3 each year and the build-up in hiring for the high season in Q2. A total of 411,722... Aegean at 3.8 percent and Crete at 4.1 percent. The number of long-term unemployed (more than 1 year) came to 234,600 people, representing 57 percent of the total unemployed. Alarmingly, the largest

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  3. Quarterly unemployment eases to 8.2 pct in Q3, lowest since end-2008
    Photo by MacroPolis

    EconomyMacroeconomy

    to the tourism sector peak in Q3 each year and the build-up in hiring for the high season in Q2. A total... of long-term unemployed (more than 1 year) came to 230,800 people, representing 58.7 percent of the total unemployed. Alarmingly, the largest portion, 104,500, has not worked for more than four years

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  4. How Greek banks could cut 2014 financing gap with a bond rollover
    Photo by Can Esenbel [www.mundanepleasure.com]

    Economy

    government bonds (GGBs) that mature in 2014 with a total nominal value of circa 15 billion... the mandatory conversion after 5 years by an increase in the fixed return by a 2 percent step-up after... and recognised in EBA core Tier I, Tier I and total adequacy capital, while being excluded from core Tier I

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  5. Bank of Greece publishes bank stress test results, which see capital needs at 6.4 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    at 5.815 billion euros. The total amount for the domestic banking system, including also Attica... period and uses: The credit loss projections (CLPs) on total loans granted in Greece and abroad... positive to 0.8 percent in 2015 and 2 percent in 2016 Decline of unemployment rate to 26 percent in 2014

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  6. Historic victory for SYRIZA in EU vote unlikely to dislodge Greek coalition
    Photo by MacroPolis

    PoliticsGreek Politics

    saw its support decline by a combined total of almost 11 percentage points. Nevertheless, the fact... of the vote was close to or above the combined total of the coalition’s backing. Elia survives... last year. The Neo-Nazi party’s support reached more than 9 percent, which was an increase of 2

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  7. Greece sees travel receipts shoot up by 35.8 pct in April
    Photo by MacroPolis

    EconomyMacroeconomy

    of 13.2 percent. Their share of total receipts eased to 4.8 percent from 5.4 percent last year... there is a risk that some of the scheduled visits from Russia and Ukraine, which account for 15 and 2 percent of total, may not take place. The growth of arrivals from Russia showed a significant slowdown

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  8. Greek travel receipts up 10.3 pct in August as 2014 targets revised upwards
    Photo by MacroPolis

    EconomyMacroeconomy

    billion euro, with August receipts making up almost one third of total. Travel payments increased.... The August surplus contributed just over 35 percent of total. As with the previous month, the hike in travel... is expected in 2015. This year TUI visitors reached about 2 million. Speaking at the SETE Annual Conference

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  9. Gov't adopts patchwork of measures to overcome liquidity problems

    EconomyProgramme

    Martin Schulz also warned in an interview on Thursday that time is running out and that 2 to 3 billion... requested from Greek lenders that they retain their total T-Bill holdings at February 18 levels... paid so far in March a total of 1.24 billion euros to the International Monetary Fund in three tranches

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  10. Greek travel receipts rise by 10.2 pct in 2014, arrivals shoot up by 20.7 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    cruises fell by 12.9 percent. The increase in total receipts reflects a rise in international... excluding cruises jumped 23 percent to 22.03 million, while cruise passengers increased by a modest 2 percent to 2.24 million. The double-digit increase in total volumes was partly offset by an 8.7 percent

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