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  1. Retail sales grow for second straight month in Oct with 1.3 pct rise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    ) and automotive fuel (+4.3 percent) was outweighed by a marked drop in books, stationery and other goods (-12... up 0.4 percent month on month (MoM), after a bigger rise by 1 percent MoM in September, and stood

    6%

  2. PMI rises to 49.3 in Dec but likelihood of growth remains slim

    EconomyMacroeconomy

    . Greek manufacturers reported a drop in their backlogs in December. This has been the case since July... will be hopeful that the new year can bring renewed growth, but until consumption picks up and can

    6%

  3. Early tourism estimates point to increased airline pre-bookings and lower cruise passengers in 2017
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . SETE chairman Andreas Andreadis recently said that lower tourism revenues are attributed to a drop... airports rose by 8.9 percent to 16.55 million in the 11-month period, while road arrivals edged up 0.3

    6%

  4. ESM and EFSF approve short-term debt relief measures for Greece
    Photo by MacroPolis

    EconomyProgramme

    includes the waiving of the step-up interest rate margin for 2017 on the EFSF loan tranche of 11.3... 2060, while gross financing needs are foreseen to drop by almost 5 pp over the same period. Speaking

    6%

  5. Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    from 44.2 percent in December 2015, mainly attributed to a drop in performing loans by 3.2 percent, while net loans contracted at a slower pace of 1.6 percent. The NPE stock edged up by 0.4 percent

    6%

  6. IMF examines where programme went wrong, what lessons were learnt
    Photo by Panayotis Tzmaros/Fosphotos

    EconomyProgramme

    drop in unit labour costs, significant restrictions regarding collective dismissals, industrial... reforms - including opening up the regulated professions - were noticeably less successful

    6%

  7. Car sales soar 22.8 pct in first month of 2017

    EconomyMacroeconomy

    Road motor vehicles (going into circulation for the first time) surged 22.8 percent in January after a double-digit drop of 19.8 percent in December, Hellenic Statistical Authority (ELSTAT) data.... Passenger cars make up more than 81 percent of car sales, while around 41 percent are registered

    6%

  8. European Commission positive on Greece's macro and fiscal prospects
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    consumption is seen up 0.6 percent in 2016 and is expected to accelerate to 1.6 percent in the next two years... respectively. Unemployment is set to drop steadily in the next two years on the back of labour market

    6%

  9. Athens waits for Moscovici visit, eyes debt relief and lower volume of measures
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    , which appear to back up the Greek argument that its fiscal overperformance for 2016 must be taken... for a less drastic reduction in the tax-free threshold (the government would not want to drop it lower

    6%

  10. Credit contraction rises to 1.6 pct in Jan on extended deductions of 885 mln

    EconomyMacroeconomy

    by almost 25 percent. The biggest drop over this six-year period has been recorded in consumer credit.... However, new NPEs picked up and borrowers’ responsiveness to offered solutions fell in January, while

    6%