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Credit contracts by 1.7 pct in August, loans balance at its lowest since 2007
EconomyMacroeconomydeductions edged up to 263 million extending the year to date negative flow to 1.93 billion. The bulk... the beginning of 2011 that led loan balances down 23 percent over this period. The most marked drop... Financial Stability Fund (HFSF) for approval their plans targeting a sharp drop in NPEs by 30-45
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Broadly stable rate in time deposits, corporate loan rates fall in Aug
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 1 basis point (bp) to 0.87 percent in August..., which is the lowest reading since 2002. Loans Corporate loan rates fell in August. The most marked drop..., the downswing in the average loan rate resulted in a drop of 5 bps in the average interest rate
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Unemployment rate falls for second straight month, reaching 23.2 pct in July
EconomyMacroeconomyshowed the most notable drop was posted among young Greeks (15-24 years old), where the jobless rate... respectively. In contrast, the jobless rate in the 55-64 years old age group edged up by 1.6 pp... the unemployment rate to land at 23.3 percent this year and drop further by almost 2 percentage points
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CPI falls at slightly higher pace of 1 pct in September
EconomyMacroeconomythe core index declined for the third successive month by 0.2 percent after a slower drop of 0.1..., while the services’ index edged up 0.1 percent. The breakdown of September's CPI showed the most... recently projected the Greek CPI to marginally drop by o.1 percent in 2016 and rebound by 0.6 percent
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Average loan rate falls by 26 bps, time deposit rate down by 8 bps to new record low in September
EconomyMacroeconomy250,000 and 1 million euros increased by 23 bps to 5.32 percent. Despite the drop in September... loan rate rose by 21 bps to 2.75 percent, while the rate on loans to sole proprietors edged up 3... drop in the average loan rate compared to the modest decline in the average deposit rate led
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Building activity rebounds 16.6 pct in Aug, largely due to low base effect
EconomyMacroeconomycontrols. 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
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Greek stocks rise for third consecutive week as trading increases
Economyprofit 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
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Turnover in tourism sector rebounds 2.6 pct in Q3
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
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Greek stocks climb 4.3 pct on week, banks’ strong performance continues
Economywas 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
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Economic sentiment and consumer confidence rebound by more than 2 pts in Dec
EconomyMacroeconomynorth 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
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