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  1. Moody's upgrades Greek rating by two notches to Caa1 - here's why

    Economy

    Moody’s upgraded Greece’s government bond rating by two notches on Friday, raising it to Caa1 from Caa3, where it had been placed on November 29, 2013. The outlook on the rating is stable. This is Greece’s second rating upgrade, following that Fitch’s decision to increase it by one notch on May 23

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  2. Karatzaferis offers to boost New Democracy's right wing with LAOS alliance
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    . Although Karatzaferis quit the coalition in February 2012 after he refused to back the second

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  3. The challenge in Greece: Funding an emerging economic recovery
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    in the second quarter of 2014. If such a scenario is to be avoided in Greece, there are important

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  4. Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July

    EconomyMacroeconomy

    percent but in line with target. The growth rate in July is the highest in 2014 and the second positive

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  5. Alpha Bank reports H1 profits of 267.4 mln on one-off item
    Photo by MacroPolis

    EconomyBanking

    . NPL formation fell to 158 million euros in Q2, which is the second lowest reading in the past 8

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  6. National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
    Photo by MacroPolis

    EconomyBanking

    National Bank’s reported net profit reached 1.15 billion euros in the first half (H1) of the year, from 343 million last year. It was the second Greek bank after Alpha, which released Q1 results on August 28. This year’s results include one-off items of 1.04 billion euros largely due

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  7. Paris talks mark start of Greece's most crucial troika review

    EconomyProgramme

    in revenues. The second key tax issue is the proposed cut by 20-30 percent in the excise tax

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  8. Exports resumed a downward trend in July, imports up 10.1 pct

    Economy

    to a decline of 1.4 percent, mainly due to the negative growth rates recorded in the second half

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  9. Strong tourism season confirmed by Q2 accommodation turnover
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    The Turnover Index in Accommodation and Food Services rose by 6.7 percent in the second quarter (Q2) after a 44.9 percent increase recorded in Q1, according to Hellenic Statistical Authority (ELSTAT). Q2 figure is the third highest reading since 2006 (when data is available) and follows that of Q1

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  10. GSEE report stresses risks on employment and the pension system, outlines burden on wages

    Society

    to compensate for increased imports. The second condition relates to an improvement in the structural

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