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  1. Accommodation and food services index rises by 13.4 pct in Q2

    EconomyMacroeconomy

    a drop in the average non-resident expenditure per trip by 10 percent to 528 euros. The inbound... in the Athens International Airport posted the biggest increase, up 19.1 percent in July and 17.1

    6%

  2. Greek bank recapitalisation: The story so far and what lies ahead
    Photo by MacroPolis

    Economy

    under the adverse scenario could be covered by official financial aid of up to 25 billion euros... at the end of June 2014. The sharp drop of bank share prices in the last weeks of 2014

    6%

  3. Budget revenues rebound in August but shortfall remains at 4.2 bln

    EconomyMacroeconomy

    expenditure eased by 2 percent in August, which indicates the slowest drop since January. The absolute... by 55.1 percent in August, bringing the 8-month figure up by a modest 2.2 percent to 4.9 billion

    6%

  4. Greek household income falls almost 30 pct in 8 years, finds OECD
    Photo by MacroPolis

    Society

    Household disposable income fell by 27.5 percent per capita in Greece from 2007 to the first quarter of 2015, bucking the trend in the world’s leading industrialised nations, where the figure went up... Cooperation and Development (OECD), the biggest consecutive drop in Greece was between the first

    6%

  5. Cash primary surplus improves by 32.4 pct to 3.07 bln on revenue boost in August

    EconomyMacroeconomy

    , while excluding the extraordinary income sources from both periods we get a slightly lower drop..., with the August figure up by 6.4 percent to 4.39 billion. Interest payments increased by 53 percent to 5.1

    6%

  6. Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead

    EconomyMacroeconomy

    , the MoF expects a recession of 2.3 percent for the whole year. This reflects a drop in private... a total of almost 4 billion in the 2-year period making up 62.4 percent of the anticipated fiscal impact

    6%

  7. Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
    Photo by Harry van Versendaal

    Economy

    ranging from 0.1 percent for 2010 up to 1.5 percent, or 3 billion, for 2012. As a result of those..., while the cumulative drop in imports was 9.9 percent, higher than the March rate of 8.8 percent

    6%

  8. Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance

    EconomyMacroeconomy

    Greece’s budget execution showed a deterioration in September, with the primary balance recording a deficit of 719 million euros from a surplus up to 1.8 billion in the prior four months, the Finance... since January by 6.2 percent in September, yet the 9-month figure still points to a drop of 6.8

    6%

  9. NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
    Photo by MacroPolis

    EconomyBanking

    up by a double digit rate (+10.3 percent) to 973 million. At the same time, operating expenses also... easing 0.5 percent QoQ. As expected, Greek deposits posted a high single-digit drop by 9.1 percent

    6%

  10. Marginal changes in loan and deposit rates in Sept

    EconomyMacroeconomy

    , while the marked drop in the prior two months reflects the elimination of competition.... Loans On the corporate lending front, interest rates in loans for an amount up to 250,000 euros

    6%