Search
-
Lowest income groups in Greece saw wages drop and taxes rise most during crisis
SocietyLower income groups in Greece saw their tax burden increase by 337.7 percent from 2008 to 2012, compared to a 9 percent rise for higher income groups, a new report on the impact of the crisis and austerity policies on incomes, inequality and poverty in ...
7% -
ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomyGreek banks’ Eurosystem funding continued heading south for the sixth straight month dropping by 5.89 billion in December after a 5.98 billion fall in November, Bank of Greece's (BoG) 2015 balance sheet showed on Monday. In absolute terms, Central Bank ...
7% -
Lower foreign arrivals lead to 7 pct drop in April travel receipts
EconomyMacroeconomyGreece's travel receipts fell by 7 percent in April after a short-lived rise by 8.2 percent in March, Bank of Greece (BoG) figures displayed on Wednesday. In absolute terms, travel receipts stood at 443.3 million in April, while the corresponding paymen...
7% -
Drop in arrivals and spending impinge on H1 travel receipts
EconomyMacroeconomyThe balance of travel services in June posted a surplus of 1.72 billion euros, a decline of 3.6 percent compared to the surplus of 1.78 billion in the same period last year, according to data released by Bank of Greece on Monday. Travel receipts dropped...
7% -
Greek stocks drop 1.5 pct during week amid subdued trading activity
EconomyThe Greek stock market traded mostly in negative territory, closing 1.5 percent down on the week amid soft trading volumes. Investors preferred to remain on the sidelines adopting a wait-and-see stance ahead of upcoming development regarding the lifting...
7% -
Significant drop in number of Greek citizenships granted
SocietyThe number of Greek citizenships granted to non-Greeks more than halved in the two years from 2013 to 2015, EU data has shown. Eurostat figures show that there were 7,000 fewer new Greeks in 2015 than in the previous year and 15,500 fewer than in 2013, ...
7% -
Athens set to profit from falling borrowing costs as yields drop ahead of review completion
EconomyFeaturesGreek borrowing costs have dropped significantly as the country nears the completion of what is meant to be its final adjustment programme. Greece’s yields started de-escalating in June 2017 following much volatility in the first half of the year as the...
7% -
Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap
EconomyMacroeconomyComments by European Stability Mechanism managing director Klaus Regling have underlined that Greece and the institutions have yet to reach a formal agreement on the cancellation of next year’s pension cuts. Speaking to journalists in Luxembourg on Thur...
7% -
Deposits drop by 622 mln in Sept after six months of inflows
EconomyMacroeconomyNet deposit movement in the Greek banking system turned negative by 622 million in September following inflows of 1.02 billion in August, Bank of Greece (BoG) figures revealed on Tuesday. September’s movement marks the first negative flow after six mont...
7% -
Deposits drop by 206 mln in November
EconomyMacroeconomyNet deposit movement in the Greek banking system was negative by 206 million euros in November, following inflows of 643 million in October, Bank of Greece (BoG) figures revealed on Friday. The outstanding balance of private sector deposits increased to...
7%