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  1. Drop in CPI slowed to 0.7 pct in June
    Photo by MacroPolis

    EconomyMacroeconomy

    positive HICP reading in the course of this year. ELSTAT figures also showed the core index rose... straight year. It declined by 1.7 percent compared to the drop of 1.3 and 0.9 percent posted... will be another deflationary year, albeit at a much slower pace compared to the previous three years

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  2. Building activity decreases at slower pace of 5.3 pct in April

    EconomyMacroeconomy

    of building permits reached 1,031 in April, which is the second highest reading during this year... remain deep in the red for the 11th successive year. From the peak of 95,730 in 2005, building permits... thought that the fall of 0.9 percent recorded last year was the lowest rate since 2006. Apartment prices

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  3. Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets

    EconomyMacroeconomy

    were classified as NPEs in the first quarter (Q1) of the year. In absolute terms, NPEs reached 108.6... not constitute a rating action, noting it expects the domestic economy to contract 0.7 percent this year before returning to growth of 1.8 percent next year. It added that arrears clearance is key in the short

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  4. Moscovici tries to kill discussion of primary surplus targets as easing of capital controls cleared
    Photo by EU Council via Flickr https://flic.kr/p/q4fbAG

    EconomyProgramme

    to be concluded by the end of the year, indirectly indicating that any decisions would be delayed towards the end of the year. It remains unclear at the moment when the government will table the updated... to Greek banks of a considerable part of the money withdrawn last year in the form of banknotes

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  5. Industrial turnover plunges 13.4 pct in May for fifth successive double-digit drop

    EconomyMacroeconomy

    November 2014), while there have been five straight negative double-digit readings this year. As a result... period last year. The sharp decrease in May is attributed to a nosedive in manufacturing turnover... in June extending the year to date gains to 4.5 points.

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  6. HFSF sees market value of bank holdings plunge to 2.4 bln after closure, capital controls

    EconomyBanking

    of 2015 from 24.51 billion a year ago, according to its annual report, which was published on Friday... in EFSF bonds in February last year, following a decision taken at the February 20 Eurogroup... seven months of this year, slashing the current market value of HFSF investment in bank shares

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  7. Unemployment rate stable at 23.5 pct in May after upward revision for April
    Photo by MacroPolis

    EconomyMacroeconomy

    last year to 19.5 percent, while that for women marginally eased to 28.5 percent in May. The breakdown... for 2016. EC foresees the jobless rate to land at 24.7 percent this year and at 23.6 percent next year, while IMF estimates stand at 25 and 23.4 percent respectively.

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  8. SETE study presents short- and longer-term prospects of Greek tourism
    Photo by MacroPolis

    EconomyMacroeconomy

    percent in Q4, with the full-year figure seen at 25 million in 2016 from 23.6 million in 2015 up by 6..., with the corresponding revenues seen at 19.6 billion in 2021 from 14.1 billion last year. The implied... from 17.9 percent in 2014 retaining an upward trend for the seventh straight year. The absolute figures

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  9. CPI tumbles by 1 pct in July
    Photo by MacroPolis

    EconomyMacroeconomy

    reading so far this year. ELSTAT figures displayed the core index fell by 0.9 percent in July after... percent in 2015. The European Commission (EC) expects HICP to fall 0.3 percent this year and rebound... is projected for the next year.

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  10. Net job hirings rise again, reaching 19,281 in July - highest since 2001
    Photo by MacroPolis

    EconomyMacroeconomy

    19,281 in July 2016 from net departures of 16,658 a year ago, the Labour Ministry’s information system (Ergani) data showed on Thursday. In addition, this year’s figure is the highest reading since... from last year and reached 253,945, which is the highest reading since 2001. The breakdown showed

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