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  1. Unemployment rate edged up to 25.2 pct in June

    EconomyMacroeconomy

    compared to same period last year (YoY) displayed the growth in the number of employed slowed to 1.1... far this year. Over the last seven years, the number of employed fell by 22.2 percent, implying 1.02... reading since May 2012. Despite the MoM drop in the first half of the year, the number of unemployed

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  2. Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports

    EconomyMacroeconomy

    times higher compared to the 1.27 billion posted last year, according to Bank of Greece (BoG) data... to a surplus of 357 million versus a deficit of 2.66 billion euros in the corresponding period last year... in the primary income balance, which turned to a deficit of 198 million from surplus of 761 million last year

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  3. Ambitious privatisation targets will test government's resolve

    Economy

    the privatisation that has stalled in the first half of the year, the government has pledged to adopt... Chairman Stergios Pitsiorlas said that Greece will miss this year’s revenue target due to the delay in the regional airports project worth 1.2 billion euros. However, he appeared optimist that next year’s

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  4. Greece most socially unjust country in EU, study finds
    Photo by Harry van Versendaal

    Society

    Indicators (SGI) Greece scored 3.61 points (compared to 3.57 in the previous year), while the EU...). The report noted the “horrifying” increase to 23.8 percent this year of the rate of severe... unemployment rate. “Young Greek workers face an uncertain future. The unemployment rate of these 15-to-24 year

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  5. Greek economy surprises in Q3, eases by a marginal 0.5 pct

    EconomyMacroeconomy

    by 0.4 percent year on year (YoY) in Q3 after a downward revised growth of 1.1 percent in Q2... after a marginal growth of 0.1 percent in Q2. Compared to the corresponding period last year, Q3 GDP... of the year on higher private consumption and investments, and better than expected tourism performance.

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  6. Current account surplus widens to 838 mln in Sept on shrinking goods deficit

    EconomyMacroeconomy

    2015 from 609.8 million last year, Bank of Greece (BoG) data displayed on Friday. This means the current account balance was in surplus for the fourth successive month. The year on year (YoY... substantially rose to 1.77 billion from just 53.3 million in the corresponding period last year. The sharp

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  7. Stock market slips 1.4 pct dragged by huge bank losses

    Economy

    Exchanges posted on Monday Q3 net profit at 0.1 million from 3.8 million last year with turnover falling 51.6 percent to 4.5 million, while EBITDA fell to 0.1 million from 4.8 million a year ago. OPAP... results on Wednesday showing a sharp drop in net profits to 2 million from 20.8 million last year

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  8. BoG report highlights need for programme implementation, political consensus
    Photo by MacroPolis

    Economy

    to a strong carry over effect from this year. The economic activity in 2016 mostly depends.... For the whole year, the BoG expects Greece to remain in recession largely due to lower household... shows the biggest increase in the course of the first half of the year was recorded in housing loans

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  9. Turnover in tourism sector increases by 9.9 pct in Q3
    Photo by MacroPolis

    EconomyMacroeconomy

    Greek airports fell for the first time this year by 1.2 percent in October, while increased by 5.7... reiterated its targets, which foresee international tourist arrivals of 26 million this year (from 24 million last year), with direct tourism revenues seen at 14.5 billion euros in 2015 from 13.5 billion

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  10. Car sales resume double-digit growth rate in Oct with 15.2 pct rise
    Photo by MacroPolis

    EconomyMacroeconomy

    , with only two negative rates in July (-23.9 percent) and October posted so far this year... compared to the corresponding period last year. Passenger cars displayed a slightly higher growth..., the additional passenger cars reached 88,191 year to date making up almost 83 percent of road motor cars

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