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Newsletter 35 - 17/07/2015
-performing loans (NPLs) have continued to increase at an alarming rate. Most challenging in this respect
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Bank holiday to end but capital controls remain and some transactions forbidden
Economyrates are effective as of July 20. Moreover, the hotel VAT rate is set at 6 percent until September
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What's likely to be in the next multi-bill of prior actions Greek MPs will vote on
EconomyProgrammeof the current tax rate of 13 percent to 26 percent, while the currently applied 27.5 percent advance
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Sharp drop of 4.2 pct in Greek industrial turnover in May
EconomyMacroeconomysmoothed the 12-month trailing rate. The decrease by 4.2 percent in May reflects a drop in manufacturing
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For Greek banks, it's business as unusual
Agora-performing loans (NPLs) have continued to increase at an alarming rate. Most challenging
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Newsletter 36 - 24/07/2015
successive quarterly rise. The growth rate in Q1 is the highest positive reading over the past six years
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Rare rebound for retail trade with 2.5 pct rise in May
EconomyMacroeconomyThe turnover of Greece’s retail trade index rose by 2.5 percent in May following a 3.1 percent drop in April, according to the Hellenic Statistical Agency (ELSTAT). The May headline figure indicates the first growth rate since October 2014 and just the sixth positive reading over the last seventeen
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Manufacturing PMI falls to record low in July, new business sees biggest drop
EconomyMacroeconomy. As a result, the rate of cost inflation accelerated to the second fastest since September 2012
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomyrevenues (before tax refunds) fell for the third successive month at a double-digit rate by 16.2 percent
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Eurogroup approves 3rd bailout for Greece but expects swift, extensive action
EconomyProgrammea maturity of 35 years and carry an interest rate of 1 percent. The debt sustainability issue, along
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