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  1. Building activity rebounds 16.6 pct in Aug, largely due to low base effect

    EconomyMacroeconomy

    controls. The absolute figure of permits stood at 897 in August, up from last year’s figure of 769... to a drop of 7.9 percent, while the corresponding surface and volume fell at a sharper pace of 19.8... percent in the second quarter of the year, the 29th consecutive quarter of decline. The cumulative drop

    7%
  2. Greek stocks rise for third consecutive week as trading increases
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    profit fell by 40.3 percent to 29.3 million in the third-quarter (Q3) with gross gaming revenues up 6.1... by 37 percent to 187.1 million. MIG posted a 3 percent drop in 9-month sales to 848.4 million... (NPL) reduction targets calling for a drop in the NPE and NPL stock by 40 and 50 percent respectively

    7%
  3. Turnover in tourism sector rebounds 2.6 pct in Q3
    Photo by Yiannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    (Q3) of 2016, rising by 2.6 percent after an upward revised drop of 1.3 percent in Q2, Hellenic... to a drop in the average expenditure per trip by 9.3 percent to 547 euros, while foreign arrivals rose... are seen ending up lower than the 2015 figure of 14.13 billion. The key reasons for the downward

    7%
  4. Greek stocks climb 4.3 pct on week, banks’ strong performance continues
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    was triggered by a drop in the Greek government bond yield to 6.7 percent coupled with improved international... up to 76 million this week from 70 million in the previous week. Market news According to the Athens... posted a drop of 11.2 percent in 9-month net profits to 14.3 million. Its turnover rose by 9.7 percent

    7%
  5. Economic sentiment and consumer confidence rebound by more than 2 pts in Dec
    Photo by Panayotis Tzamaros/Fosphptos

    EconomyMacroeconomy

    north in December, gaining 2.5 points to reach -64.4, following a drop of 3.3 points in the previous... mitigated the drop of 3.1 points recorded in the previous month. In contrast, the services confidence... business indicators improved by 5 up to 15 points. In particular, the highest increase was recorded

    7%
  6. Greece’s M&A market stagnates during recession

    EconomyFeatures

    challenging economic environments. In this context, the drop in M&As within the Greek business landscape... out across 2016 in the Greek M&A market. A follow up report by EY for the first half of 2016 showed... of these deals had fallen to 0.2 billion dollars, a drop of 81 percent compared to the comparative value of 1.6

    7%
  7. Number of new companies registering in 2016 half of those in 2008
    Photo by Natasha Pantazopoulou/Fosphotos

    Economy

    in 2012. The negative balance in 2016 largely reflects a sharp drop in the number of new companies... in 2016 down by 41 percent from 2012, other retail (3,200 down 49 percent), tourism and travel (1,347 up... technology (ICT) saw a drop in the number of new companies by 38 and 27 percent respectively. The biggest

    7%
  8. Greece in inflation for first time since Feb 2013 as CPI rises 1.2 pct in Jan

    EconomyMacroeconomy

    soared 2 percent and the services’ index edged up 0.1 percent. The harmonised index of consumer prices... CPI decreased 0.8 percent, largely due to a sharp drop in clothing and footwear prices by 24.5 percent... percent, at a slower pace compared to the drop of 1.7 percent in 2015. All recent forecasts point

    7%
  9. Primary cash balance turns to 295 mln deficit in Q1
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    increased by 929 million. The sharp drop in March expenditure led the 3-month figure up by 1.21... percent to 1.07 billion in the 3-month period of the year. This reflected a modest drop in net revenues

    7%
  10. Current account deficit widens to 1.3 bln in March
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to 76.5 million from 31.3 million last year, mostly reflecting a sharp drop in travel payments by 33... receipts in particular declined by 4.8 percent to 513.2 million, partially reflecting a drop... the travel surplus up to 140.1 million from 76.4 million a year ago. Financial account Residents

    7%