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Sharp drop of 4.2 pct in Greek industrial turnover in May
EconomyMacroeconomyand capital goods’ turnover declined by 12.2 and 7 percent respectively. On the flipside, turnover... and optical products (+38.3 percent), tobacco products (+32.1 percent) and furniture (+14 percent). The Markit
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Industrial production down by 4.5 pct in June for third monthly drop this year
EconomyMacroeconomydisplayed mixed trends. Energy and capital goods’ production posted a double-digit decrease of 14... in the 6-month period reflects a drop in mining and quarrying as well as in electricity production by 9.7 and 7
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Services sector turnover deteriorates in Q2
EconomyMacroeconomyAfter an improvement in the preceding two quarters, the evolution of the turnover indices for the services sector recorded a deterioration in the second quarter (Q2) of 2015, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday. In particular, 7 out of the 14 services activities posted
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General government primary cash surplus narrows to 2.48 bln, arrears almost stable in Sept
EconomyMacroeconomya modest rise by 52 million in the 9-month period to 807 million accounting for around 14 percent of total... in the last quarter of this year and of 7 billion in total by the end of 2016. Debt The stock of gross debt
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Economic sentiment rebounds in March, consumer confidence nosedives
EconomyMacroeconomyof 75.2 in March 2009. It has improved by 14 points since its recent low of 76.1 last August. Consumer... deteriorated by more than 7 points since last August and currently stands around 12 points above
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingmillion a year ago. The banks’ core pre-provision income (PPI) improved by 14 percent quarter on quarter... billion in Q4. They rose 7 percent from last year. As a result, loan loss reserves reached 17.4
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Stable rate in time deposits, corporate loan rates pick up in July
EconomyMacroeconomy(mostly credit cards) remained almost stable at 14.47 percent. BoG figures also showed a 7 bps... market rose by 14 bps to 4.59 percent in July, in line with the loan rate hike. It is worth noting
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Greece slips five places to 86th in global competitiveness rankings
Economy), which account for 50 percent of GCI. In contrast, its position gained 7 slots in innovation... percent), inefficient government bureaucracy (15.6 percent), access to financing (14 percent) and tax
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Cyprus talks enter crucial stage as Greece makes position clear on guarantees
PoliticsForeign Policyon this crucial issue between November 7 and 11. In a speech on Sunday, Anastasiades said that so far “we have... is to visit Athens on November 14, as some reports suggest, then the Cyprus issue is likely to top his
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Building activity edged up 1 pct in September
EconomyMacroeconomyfor the 9-month period continue to point to a decline of 7 percent. In addition, the corresponding surface... on cumulative net deductions of 14 billion euros over this period. In addition, 28.1 billion or 42 percent
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