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  1. Fitch upgrades Greek rating to 'BB-', three notches from investment grade
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    2022 then dropping to under 3 percent from 2024. Fitch estimates Greece’s GFN to stay below 9

    8%

  2. Industrial turnover up by 17.4 pct in June for highest rise in year so far
    Image via www.titan.gr

    EconomyMacroeconomy

    industrial groupings. Consumer durables contracted by 5.1 percent, followed by capital goods (-3

    8%

  3. Travel balance increases by 16 pct in June and 19.5 pct in first half of year
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    the EU 28 countries rose by 29.7 percent YoY to 3 million. Those from euro-denominated areas rose

    8%

  4. Recent study issues warning over ageing population, future pension burden
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    to around between 3 and 3.7 million in 2050. At the end of last year, the Organisation for Economic

    8%

  5. Athens eyes cancellation of pension cuts as Tsipras prepares Thessaloniki package
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    to the ENFIA property tax, costing 200 million euros; 3. A reduction in the ceiling on contributions

    8%

  6. Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
    Photo by MacroPolis

    EconomyBanking

    Piraeus Bank’s second quarter (Q2) results showed that net profits from continued operations came to 24 million, recovering from a loss of 80 million euros in Q1. The results for the first half (H1) of the year showed a loss of 55 million euros versus a profit of 3 million for the same period last

    8%

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

    EconomyFeatures

    countries between 2015 and 2016, increasing by almost 3 percentage points (pps) in this time period

    8%

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

    EconomyMacroeconomy

    ) and 44.3 percent for residential loans (target: 42.8 percent). The total volume of NPLs was reduced by 3

    8%

  9. Newsletter 173 -07/09/2018

    Newsletters

    was reduced by 3 billion QoQ or 47.7 percent. However, BoG noted that banks missed their NPLS reduction target

    8%

  10. ND defends economic pledges as Kammenos repeats walkout threat
    Photo via @neadimokratia

    PoliticsGreek Politics

    (as the party is currently polling below the 3 percent threshold), some (at least three, according

    8%