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Greece sees travel receipts rise again in July to reach 2.74 bln
EconomyMacroeconomy, according to the Bank of Greece (BoG). They were up 16.3 percent in June. The absolute figures showed... to 10.49 million. In addition, the double-digit drop in travel spending per trip in July, led...) and the UK (1.01 million) make up 10 percent of total arrivals each. The breakdown of travel
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Wealth in Greece plunged by 170 bln since 2007, report finds
Societyexceeded its pre-crisis peak in 2013 reaching a new all-time high of 56 trillion, up 1.7 percent year... contraction of 22 percent over this period, while Spain’s GDP showed a cumulative drop of 6 percent... a net wealth of at least 850,200 euros and make up almost 50 percent of total European wealth, while
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Six in 10 Greeks earn less than average salary of €1,022 in private sector
Societyof employees in the private sector in 2014 at 1,531,179, up 11.65 percent on the 1,371,450... a salary amounting to more than 1,000 a month (a five-point drop on the 2013 figure), another two in five... that the total gross monthly wage bill in Greece amounts to 1.595 billion euros, up 5.35 percent on last
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Greek current account deficit widens by 32.4 pct in November despite services surplus
EconomyMacroeconomytravel receipts (up 30.7 percent) on surging non-residents’ arrivals (up 53.9 percent). Following... of the travel surplus by 10.7 percent to 11.4 billion. This stems from increased travel receipts (up 10.8... of the other C/A components showed the drop in income account deficit is attributed to lower net interest
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Greek shares rebound after calming comments from PM and finance minister
EconomyThe Greek stock market rebounded by 4.64 percent on Monday following a drop of 1.6 percent... strong gains up 9.2 percent, while Alpha and Piraeus rose more moderately by up to 2 percent. From... in the banking sector, which made up more than half of the total turnover. Bonds Unlike domestic
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Newsletter 14 - 06/02/2015
by the ECB on Greek bonds it bought in the secondary market (SMP), and combine this with the issuing of up... of Greece. For the whole year the time deposit rate recorded a drop of 100 bps on the end-2013... clear up some of the doubts, although a totally clear picture has yet to emerge. The initial
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Newsletter 20 - 20/03/2015
with the institutions comprehensively enough to ensure the drawing up of a reform list... a quarter-on-quarter (QoQ) improvement in net interest income (NII), mainly driven by a further drop... 65.6 billion euros at the end of February, up from zero at the end of 2014. The interest cost of ELA
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Newsletter 21 - 27/03/2015
the opposition parties and it appears to have stirred their political spirits. New Democracy followed up... to a drop of 15 percent on the end-November figure of 164.3 billion. Some 24.62 billion euros has been... percent of their wages. The report claims Katrougalos was signing such deals right up to the day he
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Lower spending, extra revenues result in budget execution beating targets in March
EconomyMacroeconomyGreece’s budget execution showed the 3-month primary surplus rose to 1.74 billion euros, up 12.6... to 11.18 billion, down 1.8 percent. More importantly, the revenue performance in March led to a drop... amendment. In addition, the MoF expects increased revenues from the tax arrears’ settlement in up
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Commission slashes 2015 Greek growth forecast to 0.5 pct, sees debt rising
Economyrecovery to pick up amid high political uncertainty and tighter financing conditions, which are also... degree of uncertainty and take into account developments up until April 21. Conditional on agreement... supply and a build-up of arrears. As a result, the EC substantially lowered its gross fixed capital
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