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  1. Mandatory e-payments come into force as Greece seeks to boost card use further
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyFeatures

    to a May 2017 Bank of Greece (BoG) study, before the imposition of capital controls in July 2015... the problem. BoG’s May 2017 report also notes the main stumbling block for the pattern that has emerged

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  2. Trade deficit drops by 0.9 pct in June as exports outpace imports
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit dropped by 0.9 percent in June after rising by 14.2 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Monday. The figure for June reflects exports..., falling from the figure of 2.56 billion euros in May. Imports fell to 3.88 billion from 4.29 billion

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  3. Rise in foreign arrivals pushes travel receipts up by 14.2 pct in June
    Photo by Aggeliki Koronaiou/Fosphotos

    EconomyMacroeconomy

    Greece's travel receipts rose by 14.2 percent in June, picking up pace from the growth of 1.7 percent noted in May, Bank of Greece (BoG) data revealed on Tuesday. Receipts totalled 2.05 billion euros... euros, increasing from 522 euros in May. The breakdown of the inbound travellers’ flow showed

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  4. Athens readies labour legislation, but not to cross off prior actions
    Photo by Giannis Papanikos/Fosphotos

    PoliticsGreek Politics

    government. The prime minister may argue in the coming days that the conservatives would not consider... activity may help move the domestic debate away from ideological issues, on which it has been

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  5. Coalition returns to work with one eye on centre-left leadership contest
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    position may be more appealing to PASOK’s more traditional support. The leader of centrist To Potami... left may be challenged if the new entity gets off the ground. If the alliance can have a forceful

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  6. Inflows continue in July as deposits increase by 927 mln

    EconomyMacroeconomy

    billion. Following the recorded inflows since May, Greek banks’ Eurosystem funding fell for the 25th... since May 2014. The ECB decided on August 3 to further reduce the ELA ceiling for Greek banks

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  7. Economic sentiment improves again in Aug, consumer confidence climbs by 4.5 pts
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    month, European Commission (EC) figures revealed on Wednesday. The notable improvement in ESI since May... in the first half of the year, ESI has improved by 3.9 points since January and 5.8 points since May

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  8. Drop in apartment prices continues with slower decline of 1.2 pct in Q2
    By Natasha Pantazopoulou

    EconomyMacroeconomy

    figure in May at close to a 46 percent rise, capturing a low base effect, building permits have plummeted by around 87 percent in the last 11 years to 1,237 in May, from a monthly average of close

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  9. GDP rises by 0.5 pct in Q2 as signs of recovery emerge
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    included in the Medium-Term Fiscal Strategy (MTFS) voted in mid-May point to GDP growth of 1.8 in 2017... published on May 11, expecting GDP to grow by 2.1 percent. The IMF estimate is slightly higher at 2.2

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  10. Athens keeps cautious eye on Berlin-Ankara relationship as German elections approach
    Photo by Andrea Bonetti/Fosphotos

    PoliticsForeign Policy

    -Turkey relations altogether, analysts say. The EU–Turkey refugee deal may be one of the reasons... citizens who are accused in Turkey for having participated in last year’s coup. The Greek government may

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