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  1. Credit contraction slightly accelerates to 1 pct in May on deductions of 395 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The pace of credit contraction in the Greek market slightly accelerated to 1 percent in May from 0.9 percent in the previous month, Bank of Greece (BoG) figures showed on Wednesday. The net lending... in the previous month.The balance edged up to 13.14 billion. In contrast, deductions in the housing sector

    3%

  2. The conundrum of Greek olive oil exports
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyFeatures

    A spell of bad weather in olive producing countries means that crops this year are not going to be as productive as previous years. The result is a spike in the price of olive oil. According... will decrease by around 20 percent overall compared to the previous year due to a decrease

    3%

  3. Bond issue decision expected as clock ticks down
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    by the previous administration with a new note. He pointed out that the so-called Samaras bond is trading... against mayors and employees who refused to cooperate with the previous mobility scheme and attempts

    3%

  4. Credit standards and demand for corporate, household loans stay stable in Q2
    Photo by MacroPolis

    EconomyMacroeconomy

    Credit standards for both corporate and household loans stayed unchanged from the previous quarter in the second quarter (Q2) of 2017, in line with earlier expectations, the Bank of Greece (BoG) bank... compared to the previous quarter. Banks expect credit standards for both corporate and household loans

    3%

  5. Budget primary surplus at 1.94 bln in H1, beating target by 1.5 bln on underspend
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    euros in June from 114 million in the previous month. In addition, the budget balance posted a deficit... million in the previous month. The breakdown revealed tax revenues dropped by 9.5 percent to 3.26

    3%

  6. May retail sales show slight rise of 0.4 pct, volume increases 0.3 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    a revised growth of 2.1 percent in the previous month. The largest year-on-year rises in May retail... percent MoM in May after rising by 2.1 percent in the previous month. Since 2010 retail sales have

    3%

  7. Georgiou conviction may test relationship with lenders
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    specific ruling, which we note is not in line with the previous ruling,” she said. “We understand... the previous, New Democracy-led government. The judicial official ruled that a decision

    3%

  8. New overdue tax obligations reach 727 mln in June, total at 95.6 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent in June from 86.8 percent in the previous month. The amounts due for the other three key taxes... to the previous month. The debt pile corresponds to 52.8 percent of GDP. Efficiency indicators IAPR also

    3%

  9. CPI up by 1 pct in July for seventh straight rise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    the previous month, July’s headline figure is the seventh consecutive positive reading after four years... to the previous month. Coffee prices rose by 14.0 percent, passenger transport by air by 13.9 percent

    3%

  10. Eurosystem funding drops by 3.9 bln in July on big decline in ELA
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    EconomyMacroeconomy

    and deposit inflows. The composition of the Eurosystem funding remained similar to that of the previous... the previous month. The BoG figures also revealed that the banknotes in circulation declined by 962

    3%