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  1. New businesses lowest in Greece versus EU with funding obstacles burdening enterprises
    Photo by MacroPolis

    EconomyFeatures

    -on-year in the balance for 2019 versus 2018. The positive balance for companies listing in 2019 is higher than the combined positive balances of 2018 and 2017. The data shows that by far the most popular

    4%

  2. PBO highlights economic impact of Covid-19, calls for policies to mitigate damage
    Photo by MacroPolis

    EconomyMacroeconomy

    pct, the primary balance is seen at a deficit of 1.9 pct of GDP and debt just short of 189 pct of GDP... between 26 pct and 31.2 pct. The fiscal primary balance depending on the pace of recovery will land... by the Ministry of Finance and the cash balances by the Bank of Greece point to a widening deficit from

    4%

  3. PM hits back at labour reform critics, defends 13-hour working days
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    sparked fierce backlash. Unions and opposition parties argued it undermines work-life balance... toward work-life balance and employee protections. Mitsotakis hits back Labour Minister Niki Kerameus... that balances flexibility with worker protection. He emphasised that the law includes around 100 articles

    4%

  4. Mitsotakis targets rivals as Androulakis tries to shrug off doubters
    Photo by MacroPolis

    PoliticsGreek Politics

    entrenched habits of the past. Delicate balance On the flipside, New Democracy is also engaged... after the next election, in the “second parliament”, where the political balance will be different... that internal balances favour Androulakis, the dissenting voices appear organised and determined.

    4%

  5. No signs of credit revival in Sept., balances at 221 bln

    EconomyMacroeconomy

    year on year (yoy) in September with balances reaching 221.0 billion euros, according to the Bank of Greece. Loan balances eased 0.4 percent month on month (mom) for the sixth consecutive month... to individuals & private non-profit institutions fell 3.6 percent in September with balances

    4%

  6. Rate of credit contraction rises to 3.7 pct in July, balances fall
    Photo by MacroPolis

    EconomyMacroeconomy

    percent in June, according to the Bank of Greece (BoG). Balances fell to 213.86 billion euros...-profit institutions slipped 2.9 percent in July, with balances easing to 99.48 billion euros. Monthly... with that of March are the highest readings so far in 2014. In particular, housing loan balances fell 3 percent

    4%

  7. Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln

    EconomyMacroeconomy

    in May from 3.7 percent in April, with balances easing to 214.35 billion euros, according to the Bank...-profit institutions slipped 3 percent in April with balances landing marginally below... in May from 182 million in April. Housing loan balances eased 3.2 percent to 70.72 billion on stable

    4%

  8. Credit contracts by 3.5 pct in June, balances at 214.81 bln

    EconomyMacroeconomy

    and with balances slightly increasing to 214.81 billion euros, according to the Bank of Greece (BoG... & private non-profit institutions eased 3 percent in June, unchanged from May, with balances remaining... to 128 million in June from 246 million in May. In particular, housing loan balances retreated 3.2

    4%

  9. Cash deficit to November rises to 9.9 bln as Greece pays off arrears

    EconomyMacroeconomy

    The central government net balance to November on a cash basis showed the deficit widening by 30 percent to 9.96 billion euros from 7.67 billion last year, according to the Bank of Greece (BoG... balance appears to be around 400 million better than MoF figures, mainly reflecting higher cash

    3%

  10. Greece closes 2013 with 691 mln budget primary surplus despite late investment spend

    EconomyMacroeconomy

    at 4.58 billion, which was 561 million short of target. As a result, the PIB balance, which showed a surplus until November with a material positive impact on budget balance outperformance throughout

    3%