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  1. Turnover in services sector worsens again in Q2

    EconomyMacroeconomy

    , consultancy and related activities (+6.2 percent) and legal and accounting activities (+3.3 percent... double-digit rebound in legal and accounting activities (+46.7 percent), advertising and market... percent) and legal and accounting activities (+9.7 percent). The most recent services confidence

    2%

  2. IFRS 9 provisions required by banks in line with expectations

    EconomyBanking

    accounting standards, whose requirements include the classification and measurement of financial instruments, the impairment of financial assets and hedge accounting. The adoption of the new standards... of potential loan losses. Market analysts had estimated the impact of the new accounting rules

    2%

  3. National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
    Photo by MacroPolis

    EconomyBanking

    National Bank’s reported net profit reached 1.15 billion euros in the first half (H1) of the year, from 343 million last year. It was the second Greek bank after Alpha, which released Q1 results on August 28. This year’s results include one-off items of...

    2%

  4. Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
    Photo by MacroPolis

    Economy

    Greece’s budget execution showed the primary surplus narrowing to 1.95 billion euros in the 8-month period from 2.28 billion in the 7-month, according to the preliminary data released by the Ministry of Finance (MoF). This implies a primary deficit of 3...

    2%

  5. After ECB tests, it's back to troika review for Greek coalition
    Photo by MacroPolis

    PoliticsGreek Politics

    After Greek banks passed the European Central Bank’s comprehensive assessment, which alleviated previous concerns about the Hellenic Financial Stability Facility (HFSF) capital buffer of 11.4 billion euros remaining intact, the next key challenge for th...

    2%

  6. Greek trade deficit shrinks by 4.4 pct in October on back of strong exports

    EconomyMacroeconomy

    After a sharp rise by 34.2 percent in September, Greece’s trade deficit narrowed by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT). The absolute figures show that the October trade deficit stood at 1.77 billion after re...

    2%

  7. Greek retail sales back on upward course in October after brief dip

    EconomyMacroeconomy

    After a short-lived drop of 0.9 percent in September, the turnover of Greece’s retail trade index rose by 0.5 percent in October, according to the Hellenic Statistical Agency (ELSTAT). This was the fourth positive reading in the last five months and the...

    2%

  8. SYRIZA hits back in funding row, says it could issue T-bills and use repos

    Economy

    The issue of covering short-term funding needs remains at the forefront of the confrontation between the two main political parties in Greece ahead of the January 25 elections due. In reaction to SYRIZA leader Alexis Tsipras stating that his government ...

    2%

  9. Greece's opposition parties back in spotlight

    PoliticsGreek Politics

    Amid the tense negotiations between the government and Greece’s lenders as well as the scramble to cover the funding needs for March, the plight of the country’s opposition parties has gone largely unnoticed. However, this could change soon as New Democ...

    2%

  10. Why Greece is asking for 1.2 bln back from the EFSF

    Agora

    Following the Eurogroup decision on February 20, Greece returned 10.9 billion (European Financial Stability Fund) EFSF bonds at the end of the previous month. That transaction reduced accordingly the country’s debt and the debt to GDP ratio by more than...

    2%