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Unemployment at 15 pct in June
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped to 15 percent in June from a revised 15.8 percent in May, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same month of 2020, the unemployment rate was 17.8 percent. Year-on-year, the figure for those employed
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Jan budget deficit confirmed at 15 mln, revenues 610 mln short and spending underexecuted
EconomyMacroeconomyThe budget primary balance for the first month of 2022 came to a small surplus of 15 million euros, compared to a deficit of 1.47 billion euros in the same month last year, according to the final Finance Ministry (MoF) budget execution data released on Friday. The primary balance is well ahead
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Industrial turnover up 42 pct YoY in Aug, but drops 15 pct MoM
EconomyMacroeconomy, industrial turnover in the total market decreased by 15 percent, led by decreases of 15.1 percent
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15% Uncertainty: Greece, Europe and the tariff shockwave
AgoraOver the past year the United States has reset its trade stance through a series of executive tariff moves and a high profile EU–US framework that established a 15 percent baseline levy. In this episode we’ll trace how a headline tariff number translates into real costs for businesses in Greece
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Greek trade deficit up 6 pct in April despite growth in exports
EconomyMacroeconomyGreece’s trade deficit increased for the second successive month in April, when it rose by 6... and imports by 5.9 and 6 percent respectively. In particular, exports advanced for the second... by 1.8 percent compared to a rise of 6 percent for the headline figure. It is noteworthy that in US
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Newsletter 25 - 08/05/2015
payment of around 200 million euros to the IMF on May 6. Initially due on May Day, payment was postponed...), the general social insurance agency IKA (70 million) and the main journalists’ pension fund (15 million... balancing act in modern Greek political history. Whether he is able to do it will depend on the content
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Stocks climb 6 pct during week, propelled by 16.6 pct surge by banks
EconomyPositive sentiment prevailed in Greek stock market this week, leading to strong gains of 6 percent as the return of the institutions returned to Athens and optimism about a successful conclusion... this year has turned positive (+6 percent). The top performers this week included the four core banks
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Reflections on Greece's balance of payments
Agora: consumption (C), investment (I), exports (X), and imports (M). Thus, when demand is equal to supply: Y = C + I + X - M. X - M describes the exports to abroad of what Greece produces in goods... domestically (including energy such as crude oil and natural gas). The balance X - M is called the “foreign
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Growth in accommodation and food services turnover slows to 6 pct in Q1
EconomyMacroeconomyThe Turnover Index in Accommodation and Food Services grew for the eighth successive quarter in Q1 2015, albeit at a slower pace of 6 percent from 22.2 percent in Q4 2014, according to Hellenic Statistical Authority (ELSTAT). In comparison, the respective index soared by 44.9 percent in Q1 2014
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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBankingEurobank recorded net profits of 6 million euros in the second quarter (Q2) of 2019 compared to net profits of 19.7 million in Q1. This represents a quarter-on-quarter (QoQ) decline of 69.4 percent. On an aggregate basis, net profits in the first half (H1) came to 25.7 million euros, down by 27.8
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