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Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports
EconomyMacroeconomyreflecting the imposition of capital controls as of June 29. At the same time, exports fell by 9 percent... due to the capital controls and bank holiday. Overall, travel balance recorded a surplus of 2.71
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Industrial production rebounds strongly in August with 4.5 pct rise
EconomyMacroeconomyindustrial grouping showed only one posted a sharp drop, namely capital goods (down 24.7 percent...) followed by intermediate goods (up 13.3 percent). On the other side of the spectrum, capital goods
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Committee of wise men proposes drastic changes to Greece's pension system
Economythe pension capital and bear a virtual interest rate based on macroeconomic assumptions... on the accumulated amount of the pension capital. At the time of retirement, the accumulated value of SSCs would
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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBanking, excluding those related to loan provisions, after tax earnings and capital. Starting from the top-line... of October and is expected shortly after the release of their capital needs by the Single Supervisory
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Passing of broadcasting bill introduces new challenges for coalition
PoliticsGreek Politicsa minimum of 8 million euros in share capital to bid for a national broadcasting licence that would allow them to broadcast news as well as other programmes. The minimum share capital needed for regional
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Retail sales down by 4 pct in August for third straight fall
EconomyMacroeconomythe impact from the imposition of capital controls. The breakdown of August retail sales showed the bulk... impact from the capital controls. The seasonally adjusted (SA) figures, which eliminate the impact
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Industrial production up by 2.8 pct in Sept for second straight raise
EconomyMacroeconomy, capital goods’ production fell by 4.2 percent, consumer durables by 2.3 percent and intermediate.... In contrast, capital goods’ production strongly rebounded by 14.4 percent with energy production also
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Industrial turnover falls by 14.7 pct in Sept for eleventh straight drop
EconomyMacroeconomya decrease in September with energy turnover plunging by 30.7 percent followed by capital goods (-8.3... 2014. “The lack of capital circulating through the economy continued to take its toll on operating
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Stock market slips 1.4 pct dragged by huge bank losses
Economythe announcement of capital needs to 77 percent. This is primarily attributed to the huge discounts of the offered prices in the capital increases that resulted in the recent sell-off. The biggest gains this week
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Time deposit rate slips 12 bps in Oct, average loan rate rises by 29 bps
EconomyMacroeconomybps after the imposition of capital controls reflects the elimination of competition in the domestic... it was the highest in the euro area before the imposition of capital controls. Following the October movement
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