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  1. Credit contraction slows to 1.6 pct in July, loan deductions jump to 638 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    Credit contraction in the Greek banking market decelerated to 1.6 percent in July from 2 percent in June, Bank of Greece (BoG) figures showed on Friday. The July headline figure represents the slowest rate of drop over the past twelve months. Loan balances fell by more than 1 billion euros from

    3%
  2. H1 exports show notable fall in many sectors but agricultural products buck trend
    Photo by MacroPolis

    Economy

    and food and live animals slipped 0.7 percent. The breakdown by region displayed a modest drop of 1

    3%
  3. Trade deficit expands by record 88.9 pct in July

    EconomyMacroeconomy

    , while those to the EU eased 1 percent. Moreover, imports from EU countries rose by 3.4 percent, while

    3%
  4. Unemployment rate edges down to 23.4 pct in June, lowest since March 2012
    Photo by MacroPolis

    EconomyMacroeconomy

    half of this drop, falling by 1 pp to 27.8 percent in June. The breakdown by age displayed lower

    3%
  5. CPI drops by 0.9 pct in August

    EconomyMacroeconomy

    Τhe Greek Consumer Price Index (CPI) fell at a slightly slower pace of 0.9 percent in August, after dropping by 1 percent in July, Hellenic Statistical Authority (ELSTAT) data displayed on Friday. In contrast, the harmonised index of consumer prices (HICP) edged up for the third straight month

    3%
  6. A closer look at the composition of Greece's bad loans
    Photo by MacroPolis

    EconomyBanking

    in the course of 2015 and stood at just 1 percent of NPEs and mostly involved denounced loans. The collateral

    3%
  7. Unemployment rate falls to 23.1 pct in second quarter, lowest since Q2 2012
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    EconomyMacroeconomy

    quarters. At the same time, the number of ‘long-term’ (more than 1 year) jobless decreased

    3%
  8. MPs approve redevelopment of ex-Athens airport, which study sees having key economic impact
    Photo via Flickr https://flic.kr/p/r7FCCf

    Economy

    property (ENFIA) taxes are expected to make up 1.3 and 1 percent of total tax revenues respectively

    3%
  9. Primary cash surplus to Aug narrows to 2.4 bln, including arrears repayment of 1.6 bln

    EconomyMacroeconomy

    to 30.71 billion in the 8-month period. Interest payments decreased 1 percent in August and 7 percent

    3%
  10. How the pension fund that invested heavily in Attica Bank lost half its reserves

    Agora

    was established in 1934 and retained a very healthy ratio of pensioners versus insured of 1:7 until

    3%