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  1. Greek stock market up by 3.5 pct over week amid hope of bailout deal

    Economy

    profit eased to 4.1 million from 4.8 million last year. The 15.3 percent drop in bottom-line results mainly reflected a drop in sales by 2.6 percent and an increase in operating expenses by 4.9 percent

    2%

  2. Piraeus Bank brings Q1 2015 losses down to 69 mln
    Photo by MacroPolis

    EconomyBanking

    by more than 15 percent QoQ to 46.45 billion, with the highest drop recorded by time deposits (-21.4 percent) while savings showed a modest drop by 3.3 percent. As a result, loan to deposit (LTD) ratio

    2%

  3. Alpha Bank reports lower losses of 115.8 mln in Q1 2015
    Photo by MacroPolis

    EconomyBanking

    led by Greek operations (-21.1 percent), while general expenses posted a much slower drop by 2.8.... Deposits contracted by 16 percent QoQ to 36 billion in Q1 implying a drop by 6.9 billion year to date

    2%

  4. Minor movements in Greek deposit and loan rates in April

    EconomyMacroeconomy

    percent in April. On the corporate front, the most significant development was the drop by 49 bps... in February. The slight drop in both the average deposit and loan rates resulted in a marginal decline

    2%

  5. Industrial production up again in April but at slower rate of 0.4 pct

    EconomyMacroeconomy

    a drop in April, namely energy (-1.8 percent), capital goods (-1.6 percent) and consumer durables...) and tobacco products (+24 percent). On the flipside, four sectors recorded a drop in their production above

    2%

  6. Unemployment edges up for second consecutive quarter in Q1, reaches 26.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    ) year on year (YoY). The YoY improvement mainly reflects a drop in the number of jobless by 5.2...) fell by 2.7 pp YoY to 39.7 percent. The 30-44 age group posted a drop in the unemployment rate by 1 pp

    2%

  7. Greek pensions laid bare
    Photo by MacroPolis

    Agora

    billion. The combined total corresponded to 9.6 percent of GDP. Despite a sharp drop of 21 percent... this period. The biggest annual drop was recorded in 2013 when the full impact of the last pension cut

    2%

  8. Economic sentiment down 0.7 pts in June, consumer confidence also falls

    EconomyMacroeconomy

    the drop by more than 16 points on the last four months, the year to date balance remains positive... showed a drop in June: The industry confidence eased by 1.1 points to -14.1 more than offsetting

    2%

  9. June deposit outflow rises to 7.58 bln as total balance drops to lowest in 12 years

    EconomyMacroeconomy

    corresponding to a sharp drop by more than 26 percent on the end-November balance of 164.3 billion. Almost... to the outflows recorded in May. The sharp drop of total deposits by 10.67 billion in June led to a similar rise

    2%

  10. Parliament's budget office rings alarm bell on economic prospects

    EconomyMacroeconomy

    from an anticipated sharp drop in consumption. In particular, based on the Q3 2014 GDP of 46.8... an immediate GDP contraction of 2.8 billion per week, or 1.5 percent drop in the annual GDP. A slower

    2%