Search
-
Trade deficit rises 14.3 pct in Feb as exports fall for 10th month
EconomyMacroeconomyin February reflects an increase in imports by 1.9 percent coupled with a drop of 7 percent in exports... path for ten straight months. The absolute figures showed that imports edged up to 3.56 billion.... Exports to non-EU countries dropped by 15.9 percent, while those to EU countries edged up by 0.6
7% -
Brexit leaves Greece dangling precariously
Agorachief Martin Schulz have been talking up the idea of an ever-closer union. The battle to determine..., contributing around 2 billion euros to the country’s tourism sector, which makes up around a fifth... these numbers drop significantly. Previously, a decline in the number of visitors from Russia was felt
7% -
Tourism and exports expect impact from Brexit fallout
EconomyMacroeconomyyear, visitors from the UK made up 9.2 percent of total foreign arrivals in Greece, while..., recording an average drop of 2.3 percent per annum in the past four years. As a result, the bilateral... million in 2011 to 126 million in 2015. It is worth noting that exports to the UK made up 4.2 percent
7% -
SETE study presents short- and longer-term prospects of Greek tourism
EconomyMacroeconomypercent in Q4, with the full-year figure seen at 25 million in 2016 from 23.6 million in 2015 up by 6... in 2016. SETE points out that the average expenditure per trip has recorded a notable drop..., up from the 9.3 and 8.3 percent in 2014 and 2013 respectively, according to SETE. However
7% -
Greek stocks rebound 2.4 pct, banks edge down for fourth successive week
Economyto 576.12 on Friday, up by 2.4 percent this week. Since the end of July, Greek shares have edged up 0.8... losses were Alpha (-3.4 percent) and Eurobank (-2.7 percent), while Piraeus edged up 0.8 percent... (OTE) released its H1 results that showed a slight drop of 0.6 percent in turnover to 1.88 billion
7% -
Rise in number of Greeks insured in 2015 but average salary edges down
Economyemployment rose by 5.1 percent to 1.32 million making up 71.5 percent of total. Individuals with part-time... percent of total employed at the end of 2015, up from 27.6 percent in 2014. The average employment for full-time employees edged down by 0.7 percent to 23.26 days per month, while the respective drop
7% -
Travel receipts fall 3.5 pct in July, dragging balance down 5.9 pct
EconomyMacroeconomyfell by 4.8 percent to 6.78 billion, while the corresponding payments edged up by 2.9 percent to 1.18... year. The ongoing drop in the year to date revenue figures fully reflects a decline in the average..., arrivals from EU countries rose by 7.2 percent to 8.09 million by July making up two-thirds of total
7% -
Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
EconomyMacroeconomygovernor said that despite the increased number in foreign arrivals, receipts may end up lower this year... negative factor for tourism revenues was also a sharp drop of 35.6 percent in the expenditure of UK.... As a result, travel receipts from the UK made up less than 12 percent of total travel revenues
7% -
Greek 2017 budget reveals size and source of extra tax burden
Agorainterventions will make up around 90 percent of the total incremental revenue collection next year... are expected to reach 26.44 billion in 2017, making up 56.4 percent of tax revenues (from 54.8... in 2014. However, the drop of 296 million euros in direct taxes in 2017 does not reflect lower revenue
7% -
Bank of Greece sees potential for recovery, urges calm in negotiations
EconomyMacroeconomythat are “unlikely to pay” account for 27.5 percent of total, while denounced loans (legal process underway) make up..., which currently make up 44 percent of total restructurings. BoG also said that the NPE coverage ratio... Equity Tier 1 ratio at 17.8 percent in June up from the 16.3 percent recorded in December 2015
7%