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Deposit inflows increase to 1.1 bln in June
EconomyMacroeconomyThe deposit flow in the Greek banking system remained positive for the second straight month in June with inflows increasing to 1.09 billion from 638 million in May, Bank of Greece (BoG) figures revealed on Thursday. As a result, the outstanding balance...
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Economic sentiment slips to 89.7 in May, consumer confidence rebounds to -71.9
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 0.6 points in May after increasing in the preceding two months, European Commission (EC) data showed on Monday. The ESI has hovered around the 90-point mark..., when ESI also fell below the 90-point mark. From its recent low of 76.1 last August, the current ESI
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Politics trumping economic prudence in Greece
Agorato be concerned about during the past week. After receiving preliminary news of the Greek economy’s performance in Q1 of 2014, namely negative growth of 1.1 per cent, the pocket calculators were... of business loans and working capital at lower interest rates. In fact, Greece’s real economy
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Newsletter 33 - 03/07/2015
would have to remain closed. This would wreak further damage on the economy, which has already... two year low Greece’s Manufacturing PMI eased by 1.1 points to 46.9 in June, which is the second... overnight a domestic economy changes its modus operandi when banks are closed and cash is king
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Newsletter 73 - 13/05/2016
surplus widened to 3.22 billion in Q1 from 1.1 billion last year, reflecting an increase in revenue... 24 Eurogroup) would provide the current government with a platform on which to build and the economy... arrears, which have reached almost 7 billion. The benefits for the Greek economy of this money
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MPs approve redevelopment of ex-Athens airport, which study sees having key economic impact
Economyproductivity growth and enhanced productive potential of the economy, are expected to increase GDP by 2... surplus by more than 1.1 percent of GDP in 2041, while debt to GDP ratio is projected to decline by 15... of the redevelopment project on the total employment in the Greek economy is estimated to exceed 90,000 jobs
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IMF downgrades Greek GDP and unemployment forecasts
EconomyMacroeconomyrevealed worse estimates for the Greek economy compared to the upbeat set of forecasts included in its previous forecasts, which were released early last October. The Fund now expects the domestic economy... impact from the delay in the conclusion of the second programme review. GDP contracted 1.1 percent
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingbillion in Q2, declining again to 1.1 billion in August. ECB funding rose from 3.1 billion in Q1... of confidence and the easing of liquidity conditions in the economy. Out of the deposit inflows, 500... reforms continue to fully recover confidence in the Greek economy, lowering the borrowing costs
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Greek tourism building strength but needs to diversify, PWC study finds
EconomyFeaturesexpenditure was made on hotels, mostly involving 5 star hotels in major destinations. Economy The report noted... lower spending from inbound tourists or spending in the shadow economy. The study found that Airbnb... of 1.1 billion euros. Currently, there are 14 greenfield private sector projects which are focused
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Newsletter 186 -07/12/2018
-driven investments and other sectors of the economy such as industry.” The existing licensing... of 1.1 percent. Compared to September last year, the number of those unemployed went down by 111,221... quarter GDP results are encouraging and put the economy in line with growth forecasts by the MoF
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