Search
-
Greece’s M&A market stagnates during recession
EconomyFeatureschallenging 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
8% -
Number of new companies registering in 2016 half of those in 2008
Economyin 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
8% -
Greece in inflation for first time since Feb 2013 as CPI rises 1.2 pct in Jan
EconomyMacroeconomysoared 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
8% -
Primary cash balance turns to 295 mln deficit in Q1
EconomyMacroeconomyincreased 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
8% -
Current account deficit widens to 1.3 bln in March
EconomyMacroeconomyto 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
8% -
Greek PMI rises to 49.6 in May as uncertainty continues to impact
EconomyMacroeconomy. The PMI stood at 49.6 in May, up from 48.2 in April. The rate of decline eased for the second successive month and was fractional overall. A further fall in new orders, which led to a drop in output...-weakest in the nine-month period and was slight overall. As a result of the drop in production
8% -
Deposit interest rates largely unchanged in April, average loan rate increases
EconomyMacroeconomyGreek households’ new time deposit rate edged up by 2 basis points (bps) to 0.68 percent in April... area average rate of 0.42 percent. Taking into account a slight drop of 2 bps in the corporate... spread for Greek banks rose accordingly by 27 bps to 4.43 percent in April, after posting a drop
8% -
Primary cash balance posts deficit of 316 mln in first 5 months
EconomyMacroeconomymillion in May with the figure for the period up by 77 million from last year to 3.08 billion... stemmed from a rise in net revenues by 3.7 percent coupled with a drop in expenditure by 3 percent, which outpaced a sharp drop in the PIB surplus to just 12 million from 831 million in the corresponding
8% -
Eurosystem funding drops by 2.7 bln in June on reduced ELA liquidity
EconomyMacroeconomythe largest drop since February this year. As a result, central bank funding landed at 54.25... by 12.36 billion, mainly reflecting a drop in ECB funding by 6.63 billion, as Greek banks replaced... funding composition stayed similar to the previous month, with ELA funding making up 69.9 percent
8% -
Unemployment at 21.7 pct in May after revised April figure
EconomyMacroeconomyby 1.9 percentage points (pp) on the back of a drop in the number of unemployed by 100,056 along with a rise in those employed by 76,295. Non-seasonally adjusted (NSA) unemployment edged up slightly... lower, declining by 1.7 pp to 18.1 percent. The most significant drop in unemployment of 5.3 pp
8%