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  1. Gennimata handed task of transforming PASOK into broader centre-left alliance
    Photo by Fofi Gennimata/Fosphotos

    PoliticsGreek Politics

    PASOK president Fofi Gennimata enjoyed a comfortable victory in Sunday’s run-off vote... and differentiating SYRIZA’s position enough so voters can clearly distinguish between the two. So..., the government’s focus is on dealing with the fallout from the deadly floods in Athens, which left

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  2. Energy at forefront as Athens prepares for creditors’ return
    Image via www.dei.gr

    EconomyProgramme

    percent of PPC’s lignite capacity. The final details of the plan will be presented to the institutions..., the agreement does not include the Greek side’s request to postpone the market test, according to Kathimerini.... Representatives of Greece’s notaries associations were due to meet on Thursday to confirm whether

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  3. Institutions head back to Athens in search of SLA by end of week
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    (SLA) in place before Monday’s Eurogroup. There appears to be optimism on all sides that the SLA can.... It will then be put to Monday’s meeting of eurozone finance ministers, after which the Greek...’s lignite capacity, is due to take place in December. The government will also be hoping

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  4. Athens hopeful of clinching SLA after progress in creditor talks
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    appeared to progress on Thursday, with the two sides said to have agreed on next year’s projected... Alexis Tsipras held a meeting of SYRIZA’s political council on Thursday to discuss the matter... that if the IMF’s exposure to Greece is reduced via such an exercise, it could play a role in the board’s

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  5. Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
    Photo by MacroPolis

    EconomyBanking

    Alpha Bank’s reported net profits stood at 35.5 million in the third quarter (Q3) of 2017... the completion of the sale of the bank’s Serbian operations. Core pre-provision profit (PPI) fell by 2.5... to 79.3 million, driven by lower loan generated fees due to the bank’s participation in project

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  6. General govt primary cash surplus at 6.39 bln in October, arrears continue to decline
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s general government (gg) primary cash surplus ​amounted to 6.39 billion in the first 10...’s (MoF) monthly gg bulletin. Social security funds (SSFs) continued to be the most improved... last year. Local government recorded a surplus of 314 million euros, up from the previous month’s

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  7. Net job hirings balance for November turns negative by 39,221
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    of departures by 39,221, data from the Labour Ministry’s Ergani information system revealed on Tuesday. The month’s figure is the fourth negative balance for the year and reflects the continued impact... of 37,667 was recorded, the current month’s figure has worsened by 1,554. Hirings totalled 169,819 versus

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  8. Entrepreneurs show lack of innovation, face many barriers to entry, study suggests
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyFeatures

    according to the Foundation for Economic and Industrial Research’s (IOBE) latest annual report... and was released on Monday as part of the IOBE’s participation in the Global Entrepreneurship Monitor... of a new business came to 5.7 percent in 2016 (or around 380,000 people) versus last year’s figure of 6.7

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  9. Coalition in last-minute legislative rush, extends helping hand to MPs
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    that the government’s gifts may be a pre-cursor to snap elections but it remains unlikely that Tsipras... of the more onerous elements in next year’s budget. There are no serious concerns at this moment about any... but there have been suggestions that the Prime Minister’s office has some concerns about their behaviour

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  10. Travel balance up by 18.2 pct in October on increased foreign arrivals
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s travel receipts increased by 14.2 percent year-on-year in October, compared to a rise... visitors. According to SETE’s projections, foreign arrivals are estimated to rise by 1.2 million or by 4.8 percent to 26 million in 2017. The latest month’s figures indicate that tourism numbers

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