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Left pulls together against ND's labour reform bill
PoliticsGreek Politicsand leading a “race to the bottom” in workplace protection and earnings. The contrast drawn up.... “We must decide whether we want a growth model based on research, innovation and well-paid work... and earnings. The contrast drawn up between the two sides was illustrated by SYRIZA press spokesman
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Eurobank gears up for crucial but contentious capital increase
EconomyBankingonly on strategic issues, while will also commit to a six-month lock-up period. HFSF said on April 15.... This means that the 19 percent pro-forma ratio would drop to 14.7 percent based on the 2018... of these shares stands at high levels (10 percent with a 2 percentage point step-up every year after 2014
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Car sales up by 20.8 pct in August but rise continues to slow
EconomyMacroeconomysingle-digit increases in the fourth quarter of 2013. Passenger cars, which make up more than 80..., following a drop exceeding 30 percent in each of the preceding three years. In absolute terms, car... financing source of consumers buying motor cars this year is car loans, which make up the bulk
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Car sales still going strong in 2014; up by 33.7 pct in October
EconomyMacroeconomyindicates a slightly slower increase (up 28.1 percent), mainly reflecting two single-digit readings... followed a sharp drop of more than 30 percent in each of the prior three years (2010-12). In absolute... of consumers is car loans, which make up the bulk of consumer credit disbursements so far in 2014.
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Unpaid taxes up to 1.22 bln in October as total reaches 71.2 bln
EconomyMacroeconomyof October from 62.55 at the end of 2013. The drop by 2.2 billion year to date reflects payments of 1.42... cumulative tax debt of 71.26 billion, up 1.09 billion on the end-September figure of 70.16 billion... of unpaid tax obligations in up to 100 instalments with an interest rate of 4.56 percent, almost half
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Travel receipts up 17 pct in May as average expenditure per trip rebounds
EconomyMacroeconomybillion, up 20.6 percent continuing its strong growth in the course of this year. This is fully driven by soaring international tourist arrivals (up 27.1 percent) to 2.53 million more than offsetting a drop in the average non-resident travel spending per trip by 8.7 percent to 470 euros
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Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
EconomyMacroeconomypercent increase posted in June. The slowdown as well as the drop in travel payments in July largely... euros. The absolute figures showed international tourist arrivals stood at 4.41 million in August, up... year. This is entirely attributed to a double-digit growth in international tourist arrivals (up 14.2
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Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound
Economybe manageable. Overall, Greek shares edged up for the second straight week but at a slower pace... on Wednesday a trading update for the second quarter (Q2) showing a drop in net interest and fee income..., the non-performing loan ratio edged up to 39.4 percent in Q2 from 38.9 percent in Q1. The bank also
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PMI picks up to 50.4 in August, new orders grow for first time in two years
EconomyMacroeconomyGreece’s Manufacturing PMI resumed above the 50-point mark edging up to 50.4 in August after... growing only slightly, ended a sequence of steady drop over the past two years. In addition, new... provided some promising signs that the Greek manufacturing sector could be on the verge of picking up
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Industrial production edges up 1 pct in April after double-digit growth in previous two months
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) edged up by 1 percent in April after upward revised... makes up more than one fifth of the total index, grew by 3.7 percent. Furthermore, mining... month on month at a sharper pace by 2.6 percent in April after a drop of 1.1 percent in March
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