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  1. 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%

  2. 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%

  3. 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%

  4. 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%

  5. 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%

  6. 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%

  7. 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%

  8. Greek stocks fall 1.5 pct, banks underperform for third straight week
    Photo via www.helex.com

    Economy

    week’s closing, mainly reflecting a drop by 3.1 percent on Tuesday and broadly in line... net profits by 33.6 percent to 19.4 million with revenues up by 2 percent to 262.6 million, while

    6%

  9. Car sales soar 42.9 pct in July, also reflecting a low base effect
    Photo by MacroPolis

    EconomyMacroeconomy

    The number of road motor vehicles (going into circulation for the first time) surged 42.9 percent in July after a short-lived drop of 2.5 percent in June, Hellenic Statistical Authority (ELSTAT) data... prefecture. Car sales had plunged by around 30 percent per year in 2010-12. Since then, they edged up

    6%

  10. Industrial production surges 7.5 pct in June, with highest growth rate since 2001

    EconomyMacroeconomy

    27.7 percent, but it makes up just a fraction of the total IPI. All main industrial groupings posted... after a drop by 4.1 percent month on month posted in May. Following the strong rebound in June

    6%