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  1. OECD sees 3.3 bln euros of savings Greece can make by cutting red tape

    EconomyMacroeconomy

    estimated in 2006 that total administrative costs amounted to 6.8 percent of GDP and that a reduction..., pharmaceuticals and tourism. The last five areas account for less than 1 percent of total administrative

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  2. Local elections in Greece a precursor of European vote
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    parties a sense of momentum. A total of 13 regions, or districts, are up for grabs along with 325... as a total of 104 political groupings are being represented in these elections. Traditionally parties

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  3. Greek central government debt inches down to 320.42 bln in Q1

    Economy

    with FSM loans at 211.86 billion, corresponding to 66.1 percent of total, long term bonds at 74.48 billion (23.2 percent of total) and T-Bills at 14.99 billion (4.7 percent). Disbursements from

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  4. Historic victory for SYRIZA in EU vote unlikely to dislodge Greek coalition
    Photo by MacroPolis

    PoliticsGreek Politics

    saw its support decline by a combined total of almost 11 percentage points. Nevertheless, the fact... of the vote was close to or above the combined total of the coalition’s backing. Elia survives

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  5. Piraeus Bank reports loss of 247 mln for Q1
    Photo by MacroPolis

    EconomyBanking

    million. This corresponds to 71 percent of the total targeted fully-phased synergies of 550 million... percent of the total loan book. Following the capital increase of 1.75 billion in April

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  6. Greece's new finance minister lines up for a marathon (and several short sprints)

    PoliticsGreek Politics

    years. This could result in total savings of 25 billion (14 percent of GDP) over the 50-year period... plan for creating a total of 770,000 jobs by 2020. Three quarters of those jobs are projected

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  7. Alpha Bank acquires Citigroup's retail banking unit in Greece
    Photo by MacroPolis

    EconomyBanking

    that 60-61 million, of the total outstanding 1.2 billion, warrants have been exercised. If confirmed.... The 450 million shares account for 3.5 percent of total Alpha shares. This means HFSF’s share

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  8. Ιnterest in exercising Alpha's warrants remains rather limited
    Photo by MacroPolis

    EconomyBanking

    of total outstanding shares, implying that the HFSF stake in the bank’s share capital was reduced... than double compared to the previous period number, the total number of exercised warrants so far

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  9. Unpaid taxes keep rising, tax audits short of targets

    EconomyMacroeconomy

    . The outcome of tax audits on high wealth individuals showed collected taxes at 40.5 percent of total... temporary audits correspond to 73.9 percent of total. The full target is set at 65 percent, implying

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  10. Young Greeks more likely to swap items and buy second hand
    Photo by MacroPolis

    Society

    are by far the most popular item for swapping, making up 80 percent of the total. The informal network... of the total, more than charities and the church, which make up 33 percent.

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