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  1. Manufacturing PMI up to 54.2 in May, completing 12 months of rises
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    and metals, which firms transferred to the output prices, at a rate of increase not seen since August 2008. The rate of optimism amongst respondents remains near April’s high, with 45 percent of those

    5%

  2. Banks meet NPE targets in Q1 but mortgage reductions remain slow

    EconomyMacroeconomy

    quality trends in the first quarter, BoG noted that the cure rate remained at the same level as in Q4 of last year at 1.8 percent, while the default rate increased to 1.9 percent. The performance

    5%

  3. Newsletter 169 -06/07/2018

    Newsletters

    . Employment is expected to grow by 2 percent annually, taking the unemployment rate to 16.5 percent... export orders have now risen in nine consecutive months. Moreover, the rate of growth in new business

    5%

  4. Greeks seen working longer, until July 18, to meet annual tax bill

    Society

    . The study notes that for a third year, European Union workers saw their average “real tax rate” dip... mostly due to VAT rate hikes in 20 of the 28 member states during this period. The Institut Economique

    5%

  5. Eighteen core goods led exports during crisis, NBG study notes

    EconomyFeatures

    , although Greek exports to EU countries grew on average at the same annual rate both before and during the crisis, roughly 6 to 7 percent, exports to non-EU countries grew at a slower rate. In these markets

    5%

  6. Are you not entertained?
    Photo by Angelos Christofilopoulos/Fosphotos

    Agora

    that translated into an overvalued real effective exchange rate by close to 30 percent and a current account... workers, available for employment but not looking and hence not counted in the unemployment rate, have

    5%

  7. Greece tops OECD countries for tax rises and spending cuts
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    noted that among OECD countries, Greece had the second lowest rate of real GDP growth in 2017, ahead... was a staggering 73 percent, followed by Italy at 59 percent. Overall, Greece’s unemployment rate in 2017

    5%

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

    PoliticsGreek Politics

    discount. The government is also thinking of reducing the basic income tax rate, which applies... is bringing down the corporate tax rate from 29 percent to 26 percent. These were among the so-called counter

    5%

  9. Banks on track with NPE targets in Q2 as sales play bigger role
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    quality trends in the second quarter, BoG noted that the cure rate remained at 1.8 percent, the same level as in the previous two quarters, while the default rate increased for a second consecutive

    5%

  10. Newsletter 181 -2/11/2018

    Newsletters

    consecutive quarters, with the latest rate representing the highest annual increase since Q4 2009, when the rate came to 2.7 percent. The absolute figure landed at 30.8 billion euros and largely reflects

    5%