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Car sales rebound by 28.2 pct in June
EconomyMacroeconomyRoad motor vehicles (going into circulation for the first time) rose by 28.2 percent in June after falling by 2.7 percent in May, Authority (ELSTAT) data showed on Monday. Car sales came to 15,945 in June, falling from the figure in May. Passenger cars rose by 30.9 per cent in June following a drop
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Athens holds off on bond as Tsipras talks up labour market
PoliticsGreek Politicsby around 2.5 percentage points per year from now on. According to the Labour Ministry’s Ergani
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Parents main source of income for most young Greeks
Society, and the working hours per week were reported as 40. Of those who were unemployed, only 15 percent believed
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Mandatory e-payments come into force as Greece seeks to boost card use further
EconomyFeaturesownership per head in Greece stands roughly at the same level as the EU average (1.4 versus 1.5), possibly
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Capital controls to ease further from the beginning of September
EconomyMacroeconomyIndividuals will be able to withdraw a lump sum of up to 1,800 euros per calendar month from September 1 as part of government moves to further relax the capital controls in place since 2015. This is an expansion on the lump sum of 840 euros every two weeks which is the limit currently in place
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Refugee returns to resume despite concerns over rights and conditions
Societyas of August 8, 11,919 of which arrived in Greece at an average rate of 65 people per day in July. As of July
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingto the hedging of ‘Titlos’ security. The management expects this hedging cost at around 30 million per
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Newsletter 132
million. The average expenditure per trip went down by 4.5 percent to 552.4 euros from the figure
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Greek competitiveness rank remains low as tax, bureaucracy create obstacles
EconomyFeatures, and security, and higher per capita income.” This year’s top score was held by Switzerland
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Coalition banks on surplus transfers, waits for Hellenikon verdict
PoliticsGreek Politics2041 or 1.4 billion per year on average over a 25-year period. The Central Archaeological Council (KAS
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