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  1. China's bumpy road to Greece
    Photo by Andrea Bonetti/Fosphotos

    EconomyFeatures

    . A statement of intent for a three-year joint investment plan was signed by both countries. The largely... and a year of cultural exchange has also been launched. Chinese investment One of the private... a golden visa scheme, offering five-year residency rights in return for strategic investments including

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  2. Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
    Photo byPanayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent in imports. The provisional estimates also showed that GDP grew by 0.4 percent year-on-year... is the fourth straight positive reading. Compared to the corresponding period last year, private consumption... this year, after a marginal rise of 0.1 percent in 2016. Exports Exports of goods and services declined

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  3. General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln
    Photo by Panayotis Tzamaros/Fosphpotos

    EconomyMacroeconomy

    the previous year to 2.63 billion in the 4-month period of 2017, the Finance Ministry (MoF) gg bulletin showed... in their primary cash balance, which turned to a surplus of 1.07 billion from deficit of 643 million a year ago... of the year, arrears have grown by 380 million largely due to the money owed by social security

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  4. Building activity rises 24.7 pct in March
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to the same month last year. ELSTAT noted that the sharp rise in the surface and volume of building.... In 2016, building activity continued contracting for the eleventh successive year, with building permits... year-on-year in the first quarter (Q1) of 2017 following a drop of 1 percent in the previous quarter

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  5. Energy efficiency: Legal parameters of a very substantial economic and strategic issue for Greek companies

    Legal

    , the energy efficiency target shall be at least equivalent to achieving new savings each year (from 1...-year period prior to 1 January 2013. Thus, a vast number of companies have been affected... will be issued every year in November based on updated statistical data with regard to yearly energy sales

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  6. Economic sentiment and consumer confidence climb in July after review conclusion
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    reading since February 2015. Since the beginning of the year, ESI has improved by 3.1 points... to -61.5 in July. However, the year-to-date gains stand at just 2.9 points, due to a marked deterioration by a total of 8.9 points in the first two months of the year. The headline figure for July

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  7. Tsipras looks to recovery, sidesteps review concerns
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    percent of GDP this year (the budget foresees growth of 1.8 percent) and that the unemployment rate could fall below 20 percent next year. Tsipras’s visit to the factory is part of the government’s... at the old airport would not begin until next year. The premier also made a point of stressing the importance

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  8. Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
    Photo by MacroPolis

    EconomyBanking

    reported a positive bottom-line result of 76.3 million euros in the first half (H1) of the year, down by 28.3 percent from last year’s figure of 106.5 million. Core pre-provision profit (PPI) rebounded 4.6..., the management noted that the bank remains on track to meet this year’s NPE reduction targets

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  9. NBG reports net losses in Q2, NPEs down for fifth straight quarter
    Photo by MacroPolis

    EconomyBanking

    for the first half (H1) of the year. The Q2 result includes a loss of 52 million from continued... to the end-year NPE target of 18.1 billion. The decrease in the NPE stock in Q2 is largely... figure declined by 8.8 percent year on year in Greece and by 8.3 percent for the group. Cost

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  10. Unemployment falls to 21.2 pct in June, lowest since Dec 2011
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , representing the highest reading for the year so far. Over the last 12 months, the jobless rate has been... dropped by around 12,039 to 7,242 from 19,281 a year ago. The biggest industry sectors contributing...). The SA unemployment rate among women fell by 2.7 pp from last year to 25.3 percent in June

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