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More than half of small businesses saw turnover dive by at least 50 pct due to capital controls
Economyreported a drop in their turnover of more than 50 percent, with 32 percent indicating a decline... on holiday this summer, which is the highest percentage ever recorded and highlights the sharp drop
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CPI falls by another 2.2 pct in July as VAT rises yet to be recorded
EconomyMacroeconomyThe rate of drop in the Greek consumer price index (CPI) remained at 2.2 percent for the second straight month in July, according to the Hellenic Statistical Authority (ELSTAT). As a result, the CPI... throughout the course of the year so far. The 12-month trailing index indicates a drop in CPI by 1.9
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Wages index falls 1.8 pct QoQ in Q1 2015 for the second successive quarter
EconomyMacroeconomyfor the second straight quarter by 1.8 percent versus a 2.6 percent quarter on quarter (QoQ) drop... a slight drop by 0.7 percent YoY in Q1 compared to a rise of 1.6 percent in Q4 2014. However, the Q1
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Retail sales fell by 1.7 percent in June, after a short-lived rise in May
EconomyMacroeconomymonths. Retail volume posted a modest drop of 0.4 percent in June after a strong rebound by 4.1... turnover has dived by almost 24 percent since 2009, primarily reflecting a sharp drop in disposable
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Study shows deep impact of capital controls on retail sector
Economy. In absolute terms, the drop reached 520 million euros in July and 620 million in August, with turnover.... The study revealed that clothing and footwear suffered the most as the drop in their turnover
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CPI falls at accelerating rate of 1.7 pct in Sept
EconomyMacroeconomydrop in August. The breakdown of the CPI fall showed eight of the twelve main groups and services... Ministry expects HICP to drop 0.5 percent in 2015 and rebound by 1.3 percent in 2016. Similar
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Retail sales down by 4 pct in August for third straight fall
EconomyMacroeconomyrate by 2.2 percent in August, after a bigger drop of 7.2 percent in July, mainly reflecting... and pension cuts and increase in the personal and property taxes. The biggest cumulative drop in this 6-year
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Trade deficit falls by markedly accelerating pace of 24.2 pct in Sept
EconomyMacroeconomyThe drop in Greece’s trade deficit accelerated to 24.2 percent in September from 8.8 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The September rate... on the back of a modest drop in imports (-3.4 percent) and a slight rise in the respective exports (+1.9
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CPI drops at decelerating pace of 0.9 pct in Oct
EconomyMacroeconomyThe decline in the Greek Consumer Price Index (CPI) markedly decelerated to 0.9 percent in October from the 1.7 percent drop posted in September, Hellenic Statistical Authority (ELSTAT) data... and restaurants (+1.9 percent). The monthly evolution showed a marginal drop in CPI by 0.1 percent
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Greek banks complete book building: A recap of where we stand
EconomyFund (HFSF) participation in the bank’s share capital will drop from its current level of 66.24... of the transaction. As a result, we expect HFSF’s participation in Eurobank’s share capital to drop
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