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  1. A closer look at Greece's 2013 budget primary surplus of 603 mln

    EconomyMacroeconomy

    for the second straight month in December, but the 12-month figure posted a drop of 4.9 percent, reflecting... drop in interest payments by 50.6 percent compared to last year (mainly owed to last year’s PSI

    2%

  2. Deposits up again in December but credit contraction continues apace

    EconomyMacroeconomy

    showing a 8 percent (2.6 billion) drop in the third quarter of 2013. This trend will most likely continue until recession bottoms out, growth is restored and drop in unemployment arrives. Despite

    2%

  3. Better income account helps squeeze Greek C/A deficit in January

    EconomyMacroeconomy

    Greece's January current account (C/A) deficit narrowed moderately to 295 million euros from 314 million last year, according to the Bank of Greece (BoG). The 6.1 percent year on year (YoY) drop.... In contrast, the non-oil trade deficit narrowed on higher reduction in the import bill than the drop

    2%

  4. Manufacturing PMI moved back into contraction territory in March

    EconomyMacroeconomy

    Greece’s Manufacturing PMI slowed to 49.7 in March from 51.3 in February, falling back below the 50-point mark that separates growth from contraction, according to Markit. The drop in the headline.... Despite a further drop in the manufacturing sector employment, the net rate of job losses

    2%

  5. Greek retail index dropped 4.3 pct in January

    EconomyMacroeconomy

    increase. On the downside, the food sector excelled with a 7.6 percent drop followed by non-food... GDP rebound of 0.6 percent this year, the latest official forecasts call for a further drop

    2%

  6. Car sales continue upward course as registrations increase by 33.1 pct in March

    EconomyMacroeconomy

    . The headline figure to March turned positive with a double-digit rise (+22.3 percent) from a drop... posted a modest rise of 1.3 percent, also reflecting a low-base effect, after a sharp drop exceeding 30

    2%

  7. Greek trade deficit up 12.6 pct in Feb as imports rise

    EconomyMacroeconomy

    and a drop in exports by 6.8 percent. The latter continued heading south for the fifth consecutive month.... Similarly to February, the 2-month drop in imports by 4.1 percent reverses to a 6.3 percent

    2%

  8. Jobless rate drops for fifth month to 26.5 pct in Feb but employed also falling
    Photo by Harry van Versendaal

    Economy

    . The monthly movement reflects a higher drop in the number of unemployed compared to that of employed. After... showing a MoM drop of 1.4 percent. The average unemployment rate stood at 27.3 percent in 2013

    2%

  9. Piraeus Bank reports loss of 247 mln for Q1
    Photo by MacroPolis

    EconomyBanking

    percent reduction in operating expenses, a 29 percent drop in impairment losses as well as elimination... funding facility to the Greek farmers (loans are disbursed in Q4 and repaid in Q1), the respective drop

    2%

  10. How Greek banks moved into a new era
    Photo by MacroPolis

    Agora

    containment and a double-digit QoQ drop in loan provisions. Most of these trends are broadly expected... to continue showing a double-digit drop in the coming quarters. Although these positive trends

    2%