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  1. Credit contraction stays stable at 2 pct in June, net additions for first time this year

    EconomyMacroeconomy

    reflect a positive flow of 566 million in the corporate lending sector, while deductions, albeit lower... deductions reached 979 million euros and stand slightly lower than the 1.02 billion posted

    3%
  2. Wages index up by 0.7 pct in Q1 for second straight increase

    EconomyMacroeconomy

    forms of work, both entailing lower salaries, in conjunction to imposition of lower minimum wages

    3%
  3. S&P raises core Greek banks’ ratings, with a stable outlook

    Economy

    that would result in lower reliance on ECB funding, return to profitability and asset quality improvement. On the flipside, the rating agency notes that it could lower its ratings in case banks

    3%
  4. Finance Ministry says revenues beat revised target by 105 mln in July
    Photo by MacroPolis

    EconomyProgramme

    refunds) reached 5.24 billion euros, 333 million lower than the target, while tax refunds were 180 million above the target of 208 million. Lower revenues coupled with higher tax refunds led net

    3%
  5. After calm summer, hectic September lies ahead for Greek government

    EconomyProgramme

    September. The first involves the elimination of the lower minimum contributions base for owners... as the repeal of all exemptions allowing for lower health contributions. Revenue Agency The government has

    3%
  6. Greece's latest GDP figures and what to expect for the rest of the year
    Photo by MacroPolis

    Agora

    ) are expecting a mild recession of 0.3 percent for 2016, the OECD a slightly lower GDP contraction of 0.2... 2015. As a result, GDP in the second half of 2015 (92.09 billion euros) was 0.9 percent lower than

    3%
  7. Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
    Photo by MacroPolis

    EconomyBanking

    euros on the back of lower Greek deposit cost and pillar II costs. Fee income also rose by 8... funding cost that would lead to further NII improvement, lower expenses due to VRS and negative NPL

    3%
  8. General government primary cash surplus grows to 4 bln by end-July, arrears fall to 6.9 bln

    EconomyMacroeconomy

    marked, albeit lower, expansion was also posted by contributions, up by 791 million to 11.5 billion... mostly attributed to redemption on July 20 of bonds worth 2.3 billion held by the ECB. Lower declines

    3%
  9. Unemployment rate edges down to 23.4 pct in June, lowest since March 2012
    Photo by MacroPolis

    EconomyMacroeconomy

    half of this drop, falling by 1 pp to 27.8 percent in June. The breakdown by age displayed lower... for this year and a lower figure of 23.4 percent for next year. OECD estimates are more optimistic

    3%
  10. Wages index sees strong rebound of 4.6 pct in Q2

    EconomyMacroeconomy

    . Despite the rebound in Q2, the wages index still stands 26 percent lower than the peak six years ago..., voluntary salary cuts, lower minimum wages and new collective labour agreements. Moreover, public sector

    3%