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  1. Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
    Photo by MacroPolis

    EconomyMacroeconomy

    period of 2016 from 2.1 billion in the corresponding period last year, the Finance Ministry (MoF...) Grants to hospitals (at 321 million corresponding to less than 20 percent of the full-year target... of the full year target of 1.57 billion) 4) Transfers to other entities (at 295 million, corresponding

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  2. Reshuffle speculation mounts as offshore law sparks new political row

    PoliticsGreek Politics

    by the Organisation for Economic Cooperation and Development each year. According to the law passed by the government, the finance minister will issue a list, based on the OECD’s data, each year... made by the Council of Europe’s GRECO anti-corruption team last year in its fourth evaluation

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  3. Putin visit highlights potential, but also limitations, of Greece-Russia ties

    PoliticsForeign Policy

    through the Baltic Sea. Greece is also keen to reverse a slump in tourist arrivals from Russia last year... that this year will see a rise of tourist arrivals from Russia if the Greek consular offices manage... sanctions against Russia last year despite some statements that suggested it might do the opposite

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  4. Q1 GDP contracts 0.5 pct QoQ and 1.4 pct YoY, slightly worse than flash estimates
    Photo by MacroPolis

    EconomyMacroeconomy

    at a faster pace of 1.4 percent year on year (YoY) in Q1 from a decline of 0.9 percent recorded... in the GDP evolution in the course of this year. Imports Imports declined by a modest 0.3 percent QoQ

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  5. OECD sees economy picking up from second half of 2016, underlines need for reforms

    EconomyMacroeconomy

    for this year to 0.2 percent (from 0.1 percent previously) but retained its 2017 growth estimate unchanged... percent next year. Investments are seen recovering by 3.6 percent in 2016 and further by 4 percent in 2017. Exports and imports are seen dropping 1 and 1.9 percent respectively this year and increasing

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  6. Greek stocks rebound 1.9 pct during week

    Economy

    , its second highest level this year. Since the end of April, the market has recorded gains of 11.1... second highest reading in the course of this year, largely due to the MSCI rebalancing. In contrast... million from 4 million a year ago on the back of a rise in revenues by 24 percent to 282 million. Alpha

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  7. Newsletter 77 - 10/06/2016

    Newsletters

    to modest deflation for yet another year. Industrial production rebounded 2.8 percent in April, after.... In the first four months of the year, industrial production edged up marginally by 0.2 percent. The turnover... of the July 5 referendum last year, SYRIZA’s rivals believe that Prime Minister Alexis Tsipras may try

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  8. Protests give Mitsotakis chance to round on under-fire coalition
    Photo by MacroPolis

    PoliticsGreek Politics

    be a rally calling for a government that was elected democratically last year to resign. Either way.... SYRIZA has found itself in the uncomfortable position this year of being on the receiving end of protests... this year, when there was the rare sight of farmers, lawyers and engineers protesting together

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  9. Turnover in services sector deteriorates in Q1

    EconomyMacroeconomy

    The majority of the turnover indices for the services sector fell year on year in the first quarter (Q1) of 2016, Hellenic Statistical Authority (ELSTAT) figures displayed on Wednesday. In specific 8... level in the course of the year.

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  10. Unemployment rate falls again, reaching 23.3 pct in April - lowest since March 2012
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    EconomyMacroeconomy

    from last year to 19.3 percent, while the respective rate for women edged down at a much slower pace... and further to 23.6 percent in 2017, while IMF foresees a higher unemployment rate for this year at 25 percent and a broadly similar figure of 23.4 percent for next year. The latest OECD forecasts are more

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