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  1. Disposable income drops by 2.3 pct in Q3 on sharp rise in taxes
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    ’ total remuneration continued heading north for the fourth straight quarter, but at a slower pace... and holiday allowances. Social contributions and benefits declined by 1 percent for the second consecutive

    11%

  2. Greek banks stepped up write-offs in 2016, provisions increased at slowest pace since 2008
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    billion euros in 2016, up by more than 1 billion from the 2015 figure of 1.46 billion. The previous... deterioration in the loan portfolio that led to their NPE ratio soaring from 5.5 percent of total

    11%

  3. Greece forced to revisit prickly subject of pension spending to conclude review
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    pension, which is based on a worker’s contributions over their total working life. As a result, existing... involves applying the new rules to existing pensions, which could deliver savings of 1 percent of GDP

    11%

  4. Creating a competitive natural gas market: Legal aspects and investment opportunities
    Photo via Flickr https://flic.kr/p/faksxt

    Legal

    , it amended paragraph 1 of article 82 of Law no. 4001/2011 in order to provide all eligible customers... to 67 percet of the current capacity of the Sidirokastro point and 55 percent of the total capacity

    11%

  5. Athens sees faster pace of progress in review talks but no final deal yet
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    demanded interventions in the tax and pension system yielding savings of 1 percent of GDP each via... the total figure to 1.8-1.9 percent of GDP. According to reports, the government seems to have agreed

    11%

  6. Turnover in tourism sector sees second successive rise in Q4 with 4.3 pct increase
    Photo by MacroPolis

    EconomyMacroeconomy

    and assuming road arrivals will remain stable, total foreign arrivals are seen close to 28 million in 2017, Andreadis noted. In addition, travel receipts are projected to increase by at least 1 billion

    11%

  7. Budget primary surplus of 2.1 bln in 2-month on large underspend in Feb
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    year. The 2-month figure amounted to 1.7 billion, down 1 percent from last year and 30 million higher than target. Overall, the contained primary expenditure led total expenditure down 4.8 percent

    11%

  8. Athens details fiscal counter-measures, a vital selling point for Tsipras
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    focus on the spending side in 2019 and on reducing the tax burden in 2020, worth 1 percent of GDP... cost depending on the disease. Overall, 1.9 million pensioners, out of the total figure of 2.3

    11%

  9. Industrial turnover continues on upward curve with 20.9 pct rise in Feb

    EconomyMacroeconomy

    turnover rose at a slower pace (+10.6 percent) but makes up just a fraction of the total index... level since last November. In addition, Markit’s Manufacturing PMI edged down by 1 point to 46.7

    11%

  10. Stocks record weekly losses of 0.7 pct in wake of inconclusive Eurogroup
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    The Greek stock market dropped 0.7 percent for the second straight week in the aftermath of Monday’s inconclusive Eurogroup. Stocks were down by a total of 2.9 percent on Tuesday and Wednesday..., Terna Energy and Viohalco hold their AGMs on May 30 followed by Mytilineos and Metka AGMs on June 1

    11%