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  1. Greece and lenders hold inconclusive talks on tax and pensions
    Photo by MacroPolis

    EconomyProgramme

    has to be lowered to 7-8,000 euros, while the government has counter-proposed a lower drop to around... is currently applied to annual income up to 25,000 euros. Lenders propose this limit to be downward

    6%

  2. Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues

    EconomyMacroeconomy

    taxes) up to 218 million (property taxes). The latter mostly relates to lower revenues from the single... was mostly evident in February when the relevant figure declined by 8.7 percent after a modest drop

    6%

  3. Elektroniki’s bankruptcy reflects struggles of consumer electronics sector
    Photo by MacroPolis

    EconomyFeatures

    Last 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... retail index of 5.0 percent. There was, however, a brief boom. In the build up to capital controls

    6%

  4. Ministry's actuarial study shows the devastating impact of the crisis on the pension system

    Economy

    with a 4.1 percent annual rate of drop. In absolute terms this means that from a job creation... ranges between 65 percent (for salary of 1,500 euros for 30 working years) up to 102 percent

    6%

  5. Greek stocks jump 2.8 pct during week on improved market sentiment

    Economy

    by the end of next week. Despite a drop by 1.6 percent on Friday, the general index of the Athens Stock.... Corporate news Hellenic Petroleum’s adjusted net profit reached 70 million in the first quarter (Q1) up 30

    6%

  6. Access to finance remains far bigger problem for Greek SMEs compared to euro area peers

    EconomyMacroeconomy

    in Greece at 31 percent (up from 30 percent in the previous survey), three times higher the eurozone average... that Greek SMEs continued to record a drop in turnover and profits by 20 and around 50 percent

    6%

  7. Industrial production rebounds 2.8 pct in April

    EconomyMacroeconomy

    and 5.2 percent respectively, while capital goods was the only group recording a drop of 8.2 percent... period of 2016 show IPI edged up by 0.2 percent from last year fully attributed to an increase

    6%

  8. Minor changes in Greek deposit and lending interest rates in May
    Photo by MacroPolis

    EconomyMacroeconomy

    amid capital controls and lack of competition. The drop in the time deposit rate coupled... spread of the Greek banking market edging up by 1 bp to 4.41 percent in May.

    6%

  9. Budget primary surplus of 2.5 bln in first half of 2016, revenues rebound in June

    EconomyMacroeconomy

    Greece’s budget primary surplus widened to 2.48 billion euros in the first half of 2016, up by 31.5 percent from the 1.88 billion recorded in the corresponding period last year, the Finance Ministry... figure for the 6-month period now points to a rise by 3 percent compared to a drop of 1.1 percent

    6%

  10. Lew highlights geopolitical dimension of debt relief discussion on visit to Athens
    Photo via @PrimeministerGr

    PoliticsGreek Politics

    A few days after European Economic and Monetary Affairs Commissioner Pierre Moscovici came to Athens and warned the government to drop its request for lower primary surplus targets after 2018... and institutions should end up. Except that in the end, it has to work," concluded the US finance chief

    6%