Search
-
Greek business feeling the pinch from capital controls
Economycontrols are widespread among all business cycles. On the production front, foreign suppliers
2% -
General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomymillion corresponding to more than 13 percent of total arrears. Arrears due to hospitals’ suppliers also
2% -
S&P affirms Greek ratings at 'CCC+/C' with stable outlook
Economyto suppliers would lead to SMEs becoming more liquid and thus faster pay wages and other overdue
2% -
Three months on from imposition of capital controls, some restrictions being relaxed
Economyand payment of: overdue bank loans, unpaid tax or social security contributions and suppliers. • Our
2% -
PMI rebounded in September, but survey data still point to a downturn on lack of new orders
EconomyMacroeconomythat led to shortages of raw materials at suppliers. Markit analysts concluded that “Greek manufacturers
2% -
General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomy. Arrears due to hospital suppliers also recorded a marked rise by 572 million YtD to 1.18 billion
2% -
Gas provides Greece, Cyprus and Israel chance to bolster ties
PoliticsForeign Policydue to its diplomatic row with Russia, one of its major fuel suppliers. The third is to extend
2% -
Elektroniki’s bankruptcy reflects struggles of consumer electronics sector
EconomyFeaturesLast week, electronics retail chain Elektroniki Athinon declared bankruptcy, citing a combination of a drop in demand, the capital controls introduced last year and a lack of confidence in the Greek economy by foreign suppliers as causes. Those following the struggles of the company could see
2% -
First review completed but more prior actions lie ahead for Greece
EconomyProgrammeof court settlements. · Reforms in the gas market improving the access to many suppliers
2% -
Pending pensions mount up, complicating fiscal effort
Economy). In addition, 1.2 billion is owed to private suppliers and more than 75 million to insured workers
2%