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  1. Greek primary budget surplus halved in Jan as revenues miss target

    Economy

    million below target. Revenues (excluding tax refunds) posted a double-digit drop (-18.4 percent... above target. As a result, net revenues posted a higher drop (-21 percent) to 3.49 billion, 1.05

    2%

  2. Office prices and rents saw substantial fall in H1 2014

    Economy

    successive negative reading. As a result, office prices displayed a cumulative drop of 31.6 percent... years. The drop in Athens is more marked, -13.2 percent YoY in H1 2014 and -29.6 percent since H1 2010

    2%

  3. Minor changes in Greek time deposit rates, higher movements in corporate loans

    EconomyMacroeconomy

    ). The January rate is a new historic low in the post-euro period, while also shows a drop for the tenth... euros rose by 47 bps to 5.22 percent fully offsetting a drop of 44 bps in December. This rate stands

    2%

  4. Eurobank posts loss of 523.7 mln in Q4 2014
    Photo by MacroPolis

    EconomyBanking

    of liquidity, the bank reported a drop in deposits by 1.8 billion euros QoQ to 40.9 billion in Q4.... However, due to the drop in deposits by 4.3 percent QoQ, the loan to deposit (L/D) ration deteriorated

    2%

  5. Building activity declines at slower rate of 6.4 pct in Dec

    EconomyMacroeconomy

    building permits rose by a modest 1.2 percent. Note though that the rate of drop in December...) and Central Macedonia (up 14 percent). The highest drop was posted in Epirus (down 27.5 percent

    2%

  6. Turnover in services sector shows improvement in Q4 2014

    EconomyMacroeconomy

    out of the 14 service activities had recorded a drop, The highest increase in Q4 was posted...-digit drop, namely information service (-15.2 percent) and cleaning (-11.4 percent). A negative

    2%

  7. Greek current account deficit widens to 847 mln in Jan as exports fall further
    Photo by MacroPolis

    EconomyMacroeconomy

    . The breakdown of the other key C/A components showed the drop in the primary income account... stemming from a similar drop in non-residents’ holdings of Greek government bonds and T-Bills

    2%

  8. Greek PMI edges up in March but exports, factory output fall

    EconomyMacroeconomy

    ) of 2015 of 48.5 is the lowest since Q3 2013. The movement in March reflects a drop for the third... to competitive pressures and weak market demand. Although the rate of drop was solid

    2%

  9. General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up

    EconomyMacroeconomy

    far in 2015. Arrears After a marginal drop by 0.6 percent month on month (MoM) in January, arrears... of January. The monthly drop is entirely attributed to a decline in the EFSF/ESM/IMF loans by 11.63

    2%

  10. Newsletter 24 - 24/04/2015

    Newsletters

    in February, although the pace of the drop eased to 9.8 percent from a downward revised 15.6 percent... was lead by a drop of 9.9 percent in manufacturing turnover. February’s rate was the ninth negative

    2%