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  1. Rise in new tax arrears slows further to 694 mln in April, total reaches almost 88 bln

    Economy

    than half of the annual target of 2.05 billion. The collection of new tax debt (excluding non-tax..., leading the 4-month rate at 21.9 percent less than half the annual target of 45 percent. The respective

    1%

  2. Deal for Hellenikon sealed; gov't sees improved terms, economic boost ahead
    Photo via Flickr https://flic.kr/p/r7FCCf

    Economy

    , four years earlier than the initial agreement. Government sources note that the state proceeds... euros, 2 billion higher than the 6 billion envisaged in the initial agreement. In addition, 80 percent

    1%

  3. Car sales surge for second straight month, rising by 33 pct in May
    Photo by David Rankin https://flic.kr/p/AntsE2

    EconomyMacroeconomy

    make up more than 88 percent of percent of road motor cars. Following the strong rebound in the last... at a higher pace of 15.1 percent in the 5-month period. It is worth noting that more than 58 percent

    1%

  4. Encouraging signs for Greek banks in Q1 results but NPL management looms large
    Photo via Flickr https://flic.kr/p/4hVnhM

    Agora

    by 2.7 billion euros QoQ coupled with lower time deposit cost, which more than offset the reduced loan... by December to lower than end-2015 levels. The improving asset quality trends led banks to sharply

    1%

  5. Eurosystem funding drops by another 3.9 bln in May, ELA down 2.1 bln
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    last June, with more than two-thirds related to a reduction in ELA funding. The decline.... However, they still stand more than 17 billion euros above the level of 30.14 billion of November 2014

    1%

  6. Mangling the truth

    Agora

    that there was a possibility of an opinion being issued on the same day, rather than in a new session on Friday... to bypass the Bundestag and get the all clear from the finance committee rather than put the matter

    1%

  7. BoG cautions on impact of tax rises, updates on rising NPEs
    Photo by MacroPolis

    EconomyMacroeconomy

    exposure (NPE) ratio increased at a higher pace compared to the NPL ratio rising by more than 4 percentage... for just 6 percent of NPEs. The BoG highlights that the NPE coverage ratio improved by more than 6

    1%

  8. Hirings outpace job departures by 76,591 in May for fourth positive monthly balance in a row
    Photo by MacroPolis

    EconomyMacroeconomy

    , the majority (more than 51 percent) of May hirings involve full-time employment, around 36 percent... respectively in the course of this year with more than 52 percent of departures involving layoffs. Almost half

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  9. Unemployment up for second straight quarter to 24.9 pct in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    for the second straight quarter by more than 1 pp quarter on quarter (QoQ) to 21.1 percent in Q1 from 22.6 percent in Q4. Meanwhile, the number of long-term (more than 1 year) unemployed fell to 839,800

    1%

  10. In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
    Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

    EconomyProgramme

    at 176.9 percent in 2015, almost 20 percentage points (pp) lower than the 196.3 percent projected... recapitalisation is foreseen, while is assumed that more than three-quarters of the 5.4 billion used as state

    1%