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  1. Greek industrial turnover drop accelerates in April

    EconomyMacroeconomy

    of the recorded decrease in April fully reflects a double-digit drop in manufacturing turnover (down 10 percent... decrease was recorded in wood and cork (down 39.4 percent), electrical equipment (down 36.9 percent) and motor vehicles (down 24.7 percent). It is also noteworthy that those sectors also showed

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  2. National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
    Photo by MacroPolis

    EconomyBanking

    at 109 million in H1 from 311 last year, down 65 percent. On a quarterly basis though, Q2 net profit... with a drop in loan provision by 17 percent to 705 million. The quarterly figures show PPI down 11.... The yearly drop mainly stems from a double-digit decrease in personnel expenses (down 16 percent), while

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  3. Industrial production falls by 5.1 pct in September for seventh straight drop

    EconomyMacroeconomy

    three sub-indices showed a modest decline, with water supply down 1.1 percent, while mining... with the sharpest decrease recorded in motor vehicles, trailers and semi-trailers (down 54 percent), computers, electronic and optical products (down 43.6 percent) and other transport equipment (down

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  4. Greek budget primary surplus at 3.57 bln by end of November, beating target by 691 mln

    EconomyMacroeconomy

    terms, the 11-month figure reached 44.47 billion, down 1.6 percent. Note that this year’s figure... by 5.8 percent in November with the 11-month figure down 5.6 percent to 37.06 billion, 1.12 billion... bringing the 11-month figure marginally down (-0.1 percent) to 16.83 billion. On the flipside, grants

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  5. Stronger rise of 4.1 pct for Greek industrial turnover in October

    EconomyMacroeconomy

    ). In contrast, the sharpest drop was recorded in other transport equipment (down 51.4 percent), with motor vehicles and trailers (down 40.4 percent), leather and related products (down 19.7 percent) and wood and cork (down 17.6 percent) following suit. Τhe Markit’s Manufacturing PMI slightly improved

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  6. Industrial turnover dips again in November after upswing in two previous months

    EconomyMacroeconomy

    . The highest drop was posted by transport equipment (down 62 percent), followed by leather and related products (down 34.1 percent), wearing apparel (down 19.8 percent) and textiles (down 14.9 percent

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  7. Newsletter 13 - 30/01/2015

    Newsletters

    Athens would give in return is not clear but Tsipras clearly put clamping down on tax evasion... tracking down tax evaders. Clearly, there will have to be more to what the new government is offering... after election Government tries to play down concerns For first time since Greece’s accession

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  8. Everybody be cool
    Photo by MacroPolis

    Agora

    percent and a handling fee. Now, these loans do not have to be repaid before 2020 and the margin is down... that there are serious concerns over conflicts of interest. Stepping down is a natural development... probably satisfy Northern european countries and calm down Spain, where the rising Podemos is giving

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  9. You've heard the Greek crisis myths, now here are some truths
    Photo by MacroPolis

    Agora

    down to 38.4 billion in four years, a 27 percent reduction. The task was made even more difficult.... To make this effort Sisyphean, the troika decided in 2012 to push down the minimum wage by 22 percent... in 2008 to just 24.3 billion euros in 2013, down 21 percent. At the same time, taxes on income were

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  10. Newsletter 17 - 27/02/2015

    Newsletters

    and the highest since 2002, when Greece entered the eurozone. It pulled balances down to 148.04 billion...-on-year growth for Q4 was also revised down to 1.3 percent from 1.7. Overall, the Greek economy grew... not complete the review. This ties Athens down to the incredibly testing process of working with lenders

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