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  1. Credit contracts by 1.7 pct in August, loans balance at its lowest since 2007
    Photo by MacroPolis

    EconomyMacroeconomy

    of household deductions (233 million) stemmed from the housing sector leading balance down to 65.55... the beginning of 2011 that led loan balances down 23 percent over this period. The most marked drop

    2%
  2. Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln

    EconomyMacroeconomy

    14.34 billion this year. In addition, interest payments are seen down by 100 million to 5.55 billion... down from 3.3 percent in 2015 to 3.2 percent in 2016 and further to 3 percent in 2017.

    2%
  3. Broadly stable rate in time deposits, corporate loan rates fall in Aug

    EconomyMacroeconomy

    cards) fell modestly by 4 bps to 14.43 percent. The rate on loans to sole proprietors edged down 1 bp... loans down by 5 bps to 4.96 percent, after a short-lived rise above the 5-percnt mark in July. Overall

    2%
  4. Row with church too much for Tsipras's fragile coalition
    Photo by Harry van Versendaal

    Agora

    backed down from its bid to change the textbooks used for the school classes, at least... in Europe. This is largely down to the Christian Orthodox connection between Greece and Russia, although

    2%
  5. Trade deficit rises 11.6 pct in Aug on slight increase in imports and stable exports
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    countries retreated by 12 percent. In addition, exports to EU countries edged down 0.6 percent, while... percent in the 8-month period, while exports edged down 0.5 percent leading the corresponding trade

    2%
  6. Greek households continue to slash spending on goods and services

    Society

    was down in 11 of the 12 categories included in the survey, the biggest falls in durables (-8.6... (+4.1 percent) was also up in 2015, while the amount of gas and solid fuels was down (-5.2 and -11.8

    2%
  7. Greek Pharmaceuticals: The little pill with big potential
    Photo via Flickr https://flic.kr/p/9KY9Wj

    EconomyFeatures

    production of pharmaceutical at ex-factory prices reached 857 million euros in 2014, down 2.8 percent compared to 2013. Exports for 2014 were valued at 1,049 million euros, down 0.7 percent compared

    2%
  8. Bank credit contracts by 1.7 pct in September on loan deductions of 355 million

    EconomyMacroeconomy

    of 393 million. Loans to sole proprietors and farmers edged down to 13.17 billion on deductions of 34... 40 billion dragging loan balances down 23 percent over this period. Consumer credit has posted

    2%
  9. Office prices edge up 0.2 pct in H1, retail prices drop 0.8 pct

    EconomyMacroeconomy

    by 0.5 percent YoY in H1. The office rent index stood at 71.3 in H1, down by 29.3 percent from the peak..., the index has plummeted by 38.8 percent. Retail rents The retail rent index edged down 0.3 percent

    2%
  10. Greek stocks drop 2.5 pct for second straight week, banks tumble 5.4 pct
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    The Greek stock market continued its downswing falling by 2.5 percent this week after edging down 0.9 percent in the previous week. Although trading activity picked up from the extremely low levels... showing sales volume edged down 0.3 percent to 1.57 billion in the 9-month period. Titan reported net

    2%