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  1. Greece's harsh social reality

    Agora

    the 2014 high of 936,832. Within the economically active age group of 18 to 60 year olds, 18 percent... from employment. In the same year, more than 1.1 million Greeks were living in low-work intensity... for economically active adults and almost 35 percent for over-65 year olds. The impact

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  2. Alpha Bank reports net losses of 16.8 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    to be launched in the second half (H2) of the year. The annual befit is estimated at 35 million euros. During... for the whole year, corresponding to a cost to income ratio of 48 percent in line with what was reported... million in Q1, while stood close to 1 billion a year ago. Last quarter’s NPL formation mostly stems from

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  3. Latest data highlights how hard it is for unemployed Greeks to find jobs
    Photo by MacroPolis

    Society

    towards economic inactivity in the first three months of the year. Only Malta (3.1 percent) Bulgaria had... quarter of 2016. However, the situation in Greece has improved marginally year-on-year.... Nevertheless, Greece’s figures remain well below the EU year-on-year averages, where the proportion

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  4. Newsletter 86 - 02/09/2016

    Newsletters

    contracted by 0.9 percent year-on-year (YoY). The key positive contributor to GDP performance in Q2... 0.2 percent QoQ and 1.7 percent YoY. In the first half (H1) of the year, GDP decreased by 1 percent... at Eurobank and Piraeus. performing exposure (NPE) stock. All banks expect to turn profitable this year

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  5. Turnover in tourism sector edges down 1.1 pct in Q2

    EconomyMacroeconomy

    negative reading since Q2 2012, when the index declined by 20.8 percent. Last year, the turnover... of the year, travel receipts dropped by 5.4 percent to 3.93 billion euros, reflecting a decrease... travel revenues to rise by 6.4 percent to 14.55 billion euros for the whole year, also incorporating

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  6. Record low net job balance in Aug but 8-month figure highest since 2001

    Economy

    2016 from just 441 last year, the Labour Ministry’s information system (Ergani) data displayed on Tuesday. It is worth noting that this year’s figure is the highest negative figure for August since 2001... months of the year. The share of men to total hirings remained broadly stable at 55 percent in August

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  7. Travel receipts fall 3.5 pct in July, dragging balance down 5.9 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    year. The ongoing drop in the year to date revenue figures fully reflects a decline in the average... to 8.24 million year to date. SETE recently reiterated its projection for total arrivals, which are seen rising by 6 percent to 25 million in 2016 from 23.6 million a year ago. However, it remains

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  8. Greek stocks rebound 2.6 pct during week as banks lead way
    Photo via www.helex.com

    Economy

    to net profits of 14.8 million a year ago, while EBITDA was also negative at 20.1 million from positive figure of 19.7 million in the corresponding period last year. Turnover remained flat at 403.5... to 47.7 million from 48.3 million last year. Net Asset Value (NAV) stood at 756 million

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  9. IMF upgrades Greece’s GDP and unemployment rate estimates
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    optimistic forecast for the Greek economy this year. On Monday, the Finance Ministry tabled... with the European Commission (EC) estimate, while OECD expects Greek GDP to slip 0.2 percent this year. The IMF also upward revised its projection for GDP growth next year, which is now seen at 2.8 percent from

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  10. Greece's taxing challenges

    Agora

    full-year fiscal objectives, for numerous private households and businesses it was a struggle... difficult enough to bear, the New Year will start with another escalation in the special consumption tax... obligations. While the ENFIA and VAT collection rates reached 83 percent and 81 percent last year

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