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Newsletter 43 - 18/09/2015
PASOK and Potami to form a three-party government. PASOK and Potami are seen getting around 5 percent... on top of an exhausting 4–5 years. The parties have failed to make it clear what this election
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Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports
EconomyMacroeconomyexports also fell by 5 percent to 14.84 billion. BoG said that the improvement in the goods’ balance... stable month on month at 5.1 billion in July, while slightly increased from last year’s figure of 5
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Final structure of bank recap taking shape, cautious optimism for outcome
Economy, the market currently expects that 5–7 billion would have to be raised from private investors... not have any shareholder controlling more than 5 percent of their share capital, while John Paulson
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OECD sees recession in 2015-16, stresses need for reform implementation
EconomyMacroeconomy) released on November 5. However, the OECD sees the Greek economy recovering at a slower rate of 2.1 percent... percent in 2016 and 5 percent in 2017. In contrast, imports are forecasted on negative grounds in 2016
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Greek economy surprises in Q3, eases by a marginal 0.5 pct
EconomyMacroeconomyon October 5, the base macroeconomic assumptions included those forecasts, which were also reiterated... Commission (EC) revised those figures in its autumn economic forecasts published on November 5 seeing
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Q3 GDP slips 0.9 pct QoQ on lower private consumption and investment
EconomyMacroeconomy, imports over the 9-month period declined by 5 percent with the respective goods and services’ figures... forecasts published on November 5. It sees a milder recession of 1.4 percent in 2015 but did
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Declared income falls 28.7 pct from 2011 to 2014, salaries and pensions suffer most
Economy. As far as salary-earners and pensioners are concerned, 30 percent declare net income between 5 and 10,000... income bracket declaring annual net income below 5,000 euros, while income between 5 and 10,000 euros
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High unemployment, falling wages damaged sustainability of largest Greek pension fund
EconomyMacroeconomyEmployees insured with IKA, the largest main social security fund in Greece, lost more than 10 billion euros in annual wages over the last 5 years, according to the Federation of IKA employees (POSE-IKA). At the same time, their annual social security contributions have dropped by almost 5 billion
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Four in 10 Greek firms thinking about moving abroad, survey shows
Economystability and low taxation and just 5 percent Bulgaria for its favourable tax rates. The main reasons... the country’s future prospects, with 44 percent expecting things will not get better in the next 5 years
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Inauguration of TAP pipeline project offers investment, diplomatic boost
PoliticsForeign Policywill be in Greece, 211 kilometres in Albania, 104 kilometres offshore, and 5 kilometres in Italy. TAP also... (20), Snam (20), Fluxys (19), Enagas (16) and Axpo (5). TAP also offers potential benefits
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