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  1. Sharp drop of 4.2 pct in Greek industrial turnover in May

    EconomyMacroeconomy

    and 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

    15%
  2. Industrial production down by 4.5 pct in June for third monthly drop this year

    EconomyMacroeconomy

    displayed 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

    15%
  3. Services sector turnover deteriorates in Q2

    EconomyMacroeconomy

    After 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

    15%
  4. General government primary cash surplus narrows to 2.48 bln, arrears almost stable in Sept

    EconomyMacroeconomy

    a 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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  5. Economic sentiment rebounds in March, consumer confidence nosedives

    EconomyMacroeconomy

    of 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

    15%
  6. Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
    Photo by MacroPolis

    EconomyBanking

    million 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

    15%
  7. 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

    15%
  8. Greece slips five places to 86th in global competitiveness rankings
    Photo by MacroPolis

    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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  9. Cyprus talks enter crucial stage as Greece makes position clear on guarantees
    Photo via Flickr https://flic.kr/p/7bBypS

    PoliticsForeign Policy

    on 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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  10. Building activity edged up 1 pct in September
    Photo by MacroPolis

    EconomyMacroeconomy

    for 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

    15%