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  1. Current account surplus widens to 838 mln in Sept on shrinking goods deficit

    EconomyMacroeconomy

    deficit (by 13 million). This more than offset a worsening of the services surplus (by 502 million... improvement is fully attributed to the goods deficit shrinking by 3.66 billion euros, which more than... in imports (-13.8 percent) than that of exports (-6.8 percent). In absolute terms, the goods deficit fell

    2%

  2. Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
    Photo by MacroPolis

    EconomyMacroeconomy

    to be voted on December 5. Macro assumptions Following the better than expected preliminary GDP figures... government forecasts for 2015 are much better than the latest European Commission (EC) and the OECD... billion euros in 2015 from 317.12 billion in 2014 as the bank recap cost of 10 billion is more than

    2%

  3. Multi-bill tabled in Parliament, paves way for sale of NPLs

    EconomyProgramme

    that would acquire the NPL would do so at a price much lower than its nominal value. This means it could... if it is in arrears for more than 90 days. NPL sales are allowed only for large corporate loans... or guarantor should not deteriorate due to the sale or transfer of his NPL. If a borrower has more than

    2%

  4. Current account turns to a surplus of 314 mln in Oct on contracting goods deficit

    EconomyMacroeconomy

    account surplus (by 295 million) more than offsetting a narrowing of the services surplus by 295... million last year. The breakdown shows that the drop in the goods deficit by more than a third mainly... attributed to a marked narrowing of the goods deficit by 4.38 billion more than offsetting a drop

    2%

  5. Unpaid social security contributions almost reach 15 bln

    Macroeconomy

    owing less than 15,000 euros each for an aggregate amount close to 1 billion (6.7 percent of total... percent of total). Meanwhile, 995 debtors (0.4 percent of total) owe more than 1 million each for a total... at the end of September. More than 90 percent of that stemmed from IKA debtors and 8.5 percent from OAEE

    2%

  6. Where things stand on the Greek pension reform proposals
    Photo by MacroPolis

    EconomyProgramme

    pension is lower than that paid out, the difference will continue to be paid to the pensioner until... pensions for those with medium and high salaries and more than 15-20 working years. The self-employed... billion euros) in 2016. The government insists on increasing revenues rather than cutting cost (i.e.

    2%

  7. Declared income falls 28.7 pct from 2011 to 2014, salaries and pensions suffer most

    Economy

    -earners and pensioners consistently make up more than three quarters of total declared net income... allocation for the self-employed shows more than half (58.3 percent) is concentrated in the low... is declared by 15.9 percent. This is more profound in farmers with more than half (54.8 percent

    2%

  8. Unpaid social security contributions hit 15.35 bln at end of 2015

    Economy

    of debtors increased by 4,487 QoQ to 272,468 in Q4 with almost four in 10 owing less than 15,000... debtors owe more than 1 million euros each for an aggregate amount of 3.47 billion euros, corresponding to more than a fifth of total debt. The largest debt bracket involves those owing between 50

    2%

  9. High unemployment, falling wages damaged sustainability of largest Greek pension fund
    Photo by MacroPolis

    EconomyMacroeconomy

    Employees insured with IKA, the largest main social security fund in Greece, lost more than 10... the amount of wages fell by 2.11 billion, albeit an increase in the number of insured by more than... that it expects the average salary to further slip in 2015 since more than half (55.5 percent) of gross

    2%

  10. Greek teenagers' behaviour charted
    Photo by MacroPolis

    Society

    in Greece were twice as likely (35 percent) to say they have had sex than girls (17.3 percent). Over time... that concerned them than with other people. Mobile phones and the internet are a common communication tool..., singing and writing, were more common among girls than boys. Conversely, boys generally engaged

    2%