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  1. Deposits fall marginally in April as rise for households offsets business drop
    Photo via https://flic.kr/p/2b9vcaC

    EconomyMacroeconomy

    million at 1.59 billion and other deposits were down by 233 million to 33.04 billion. Total deposits

    3%

  2. Fuels prompt sharp drop of 25.2% in April trade deficit
    Image via www.helpe.gr

    EconomyMacroeconomy

    decreased by 8 percent, bringing the total to 10.44 billion euros. Imports rose by 3.3 percent, while

    3%

  3. Budget continues to perform strongly with 3.64 bln surplus up to May
    Image: MacroPolis

    EconomyMacroeconomy

    and the public investment budget, came to 24 billion euros. Net revenues were 30.2 billion euros. The total

    3%

  4. Government scrambles to ease household pressure as PM targets PASOK and ELAS for “freebie politics”

    PoliticsGreek Politics

    25% of their total debt. The government argues that these measures will stabilise household finances

    3%

  5. Energy continues to lead industrial turnover growth of 23% YoY in April
    Image: Chevron

    EconomyMacroeconomy

    the non-domestic market was up by 59.2 percent. On a monthly basis, industrial turnover in the total

    3%

  6. Strong arrivals push travel balance up 58.5 pct by April
    Photo by MacroPolis

    EconomyMacroeconomy

    were 1.34 billion euros. In total, arrivals rose by 27.1 percent to 5.24 million. This compares

    3%

  7. Bank holiday to end but capital controls remain and some transactions forbidden
    Photo by MacroPolis

    Economy

    holiday from July 20. However, capital controls will be maintained, while several banking activities... Exchange, which remains closed as of June 29. The key issue relates to the capital controls... holiday would result is some kind of return to normality for Greek banks, the capital controls

    3%

  8. More than half of small businesses saw turnover dive by at least 50 pct due to capital controls
    Photo by MacroPolis

    Economy

    the imposition of capital controls. The survey was conducted by MARC in the July 21 – 27 period... implications on small businesses from the imposition of capital controls during the first two weeks... small firms were unprepared to address the consequences of the capital controls. In particular, only

    3%

  9. Marked drop of 50 bps in new time deposit rate in July amid capital controls
    Photo by MacroPolis

    EconomyMacroeconomy

    ’ decision to lower interest rates in the aftermath of capital controls, since the four core banks dominate more than 95 percent of the market. The legislative act on capital controls prohibits... in the succeeding months until capital controls are lifted. Despite the considerable decline in July

    3%

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

    EconomyMacroeconomy

    for easing capital controls. Stournaras revealed that the non-performing exposure (NPE) ratio... of overdue obligations Capital controls The second issue Stournaras touched upon in his speech to MPs... ease capital controls. The first measure relates to the abolition of the restrictions on “new” money

    3%