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  1. Newsletter 85 - 05/08/2016

    Newsletters

    official mosque, with almost 1 million euros of public funds. The legislation received widespread support... million in March and April. 2 Justice blind to the facts A deficit of reality and a surplus

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  2. Greek stocks fall 1.5 pct, banks underperform for third straight week
    Photo via www.helex.com

    Economy

    to increase Piraeus Common Equity Tier 1 (CET1) ratio by 5 basis points (bps). Titan said on Tuesday... net profits by 33.6 percent to 19.4 million with revenues up by 2 percent to 262.6 million, while

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  3. Credit contraction slows to 1.6 pct in July, loan deductions jump to 638 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    Credit contraction in the Greek banking market decelerated to 1.6 percent in July from 2 percent in June, Bank of Greece (BoG) figures showed on Friday. The July headline figure represents the slowest rate of drop over the past twelve months. Loan balances fell by more than 1 billion euros from

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  4. Eurobank remains profitable with net profits of 46.2 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    dropped by 2 percent in the first half (H1). Cost containment in the bank’s Greek operations was more... in Q1 and 134.3 percent a year ago. The phased-in Common Equity Tier 1 (CET1) ratio, pro-forma

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  5. Unemployment rate edges down to 23.4 pct in June, lowest since March 2012
    Photo by MacroPolis

    EconomyMacroeconomy

    contracted by 2 percentage points (pp) from last year to 19.8 percent, while that for women recorded half of this drop, falling by 1 pp to 27.8 percent in June. The breakdown by age displayed lower

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  6. Tsipras limits pledges and expectations in Thessaloniki
    Photo by MacroPolis

    PoliticsGreek Politics

    , the steps are: 1) Completion of the next programme review, 2) Defining debt relief measures, 3) Greece’s

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  7. Primary cash surplus to Aug narrows to 2.4 bln, including arrears repayment of 1.6 bln

    EconomyMacroeconomy

    stood at 4.08 billion, down 7.1 percent from last year. The adjusted figure edged up 2 percent to 30.71 billion in the 8-month period. Interest payments decreased 1 percent in August and 7 percent

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  8. Retail sales rebound by 7.1 pct in July for first time in thirteen months
    Photo by MacroPolis

    EconomyMacroeconomy

    of 1.2 and 2 percent respectively. The comparison with the previous month also showed a rebound... turnover fell 4.7 percent. It is worth noting that the seasonally adjusted retail sales rebounded 1

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  9. Greek stocks drop 2.5 pct for second straight week, banks tumble 5.4 pct
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    1 that its Board of Directors elected George Handjinicolaou as non-executive chairman. Louka Katseli.... The Annual General Meeting of Jumbo approved on November 2 the distribution of a dividend per share of 0.36

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  10. Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible
    By Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Council notes that consensus estimates point to GDP rebound of more than 2 percent compared to the Finance..., the Fiscal Council estimates that a growth of 1 percent in private consumption is more realistic

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