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Jump in corporate deposits takes balance to highest since Jan 2011
EconomyMacroeconomyThe Greek banking system’s private sector deposits grew strongly in June, with a net increase of 5.1 billion euros, after a 1.22-billion-euro drop in May, according to the latest Bank of Greece (BoG) figures released on Friday. The annual growth in June was 5.3 percent year on year (YoY), from 4.8
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Mitsotakis pledges faster reforms as polls capture disaffection after subsidy scandal
PoliticsGreek Politicsthe scandal, as 72.8 pct see it as touching on the entire political system and 69 pct also take
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Despite soft hiring in June, six-month balance breaks record on back of seasonal jobs
EconomyMacroeconomyGreece’s employment balance was positive in June with 15,668 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in June last year had 23,961 more hires. This led to a year-on-year drop of 8,293 jobs, although it should be noted
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Parliamentary chicanery raises doubt about PM’s grip on party as he looks ahead to relief package
PoliticsGreek Politicsinstitutions, including Parliament and the justice system, taking a hit. This has created an environment
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PM prepares to finalise relief package as talk of electoral tweak gathers pace
PoliticsGreek Politicssystem adopted five years ago (which awards a starting bonus of 20 seats once a party clears 25
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Despite small drop in July, deposits stay above 200 bln mark
EconomyMacroeconomyThe Greek banking system’s private sector deposits dropped in July, with a net decrease of 1.15 billion euros, after a jump of 5.1 billion euros in June, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in July was 5.1 percent year on year (YoY), from 5.3
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Government’s effort to revive economic success story narrative heavily reliant on RRF execution
PoliticsGreek PoliticsGreece, such as the completion of the city’s much-delayed metro system. During his appearance
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PM finalises relief measures in ambitious but risky move to sway voters
PoliticsGreek Politicspayments system, alongside isolated scandals in public procurement, have chipped away
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Jobs in education lead negative hiring balance of 20,728 in July
EconomyMacroeconomyGreece’s employment balance was negative in July with 20,728 more departures then hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in July last year had 34,979 more departures. This led to a year-on-year drop of 14,250 fewer departures. However
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Cyprus cable dispute and Crete mafia case cast fresh clouds over TIF reset agenda
PoliticsGreek PoliticsKimberley Gilfoyle and that together they “control the system”. The exchange suggests that the US, whose
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