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Disposable income grows by 0.2 pct in Q2 on higher remuneration, consumption rises
EconomyMacroeconomyhas been reduced by 28.5 percent, or by 11.64 billion, reflecting elevated unemployment, a rise... rise of 0.2 percent, and stood at 15.36 billion. Employee compensation has fallen by 26.8 percent over... declined by 0.7 percent year-on-year to come to 1.89 billion. Since 2010, property income has plummeted
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Focus back on remaining prior actions after mission chiefs' visit
EconomyProgrammeto the completion of the third review. Kathimerini claims that it has been agreed that the issue... at the end of the year. The other fiscal-related matter that has to be settled, but before the end... a close eye on electronic auctions, which the government has promised to launch by early December
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Sub-tranche released but PPC poses key challenge in review
EconomyProgrammeagreement to be reached before the Eurogroup on December 4. If the review has not been concluded... customers, which is equal to 46 percent of its annual turnover, while it has outstanding debts of 3.8... lenders (compared to 65 percent today), after ENFIA property tax has been settled and employees paid
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Eurogroup sees review conclusion in sight, warns over property auctions
EconomyProgrammeof the year." “I agree with what has been said. We made good progress in the last mission,” said...-performing loans (NPLs), which has become one of the hot-button issues in the current review. Draghi’s... this issue, the Greek government also has to proceed with the implementation of almost 70 prior actions
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Tsipras invites Middle East investment at second EU-Arab summit
PoliticsForeign Policy. Referring to the common history of the two regions, Tsipras said, “Greece has a crucial location... Greece makes it clear that it has, in fact, left the crisis behind it and is entering a new era... hydrocarbons, tourism, culture, property investment, shipping and education. “Our energy relationship has been
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PASOK emerges victorious from first round of centre-left leadership vote
PoliticsGreek PoliticsGiorgos Kaminis, who has enjoyed the Socialist party’s support on the two occasions he was elected... has created and develop a policy programme that is able to carve out space for the centre-left, which has found itself marginalised by Mitsotakis’s reformist rhetoric and Tsipras’s ability to show
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Fall in apartment prices continues with slower decline of 0.6 pct in Q3
EconomyMacroeconomypercent in 2013. The trend has been decelerating since 2016, with the rate of -2.4 percent being.... The housing loan balance has contracted by more than a quarter since the end of 2010. Net deductions... exposures (NPEs) as of August according to the BoG. Building activity has displayed some positive
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Deal seen on energy liberalisation as third review SLA edges closer
EconomyProgrammereview has been settled. The Greek government and the European Commission have been in negotiations... that the matter has now been decided and that a deal has been reached between Athens
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Industrial turnover falls by 0.8 pct in Sept, down for first time since Oct 2016
EconomyMacroeconomy. The headline figure is the first time since October 2016 that the index has fallen into negative... figure represents a three-month low, the index has remained above the 50-mark threshold for a fifth... improved by 4 points to stand at -4.7 in October. In the year to date, industry confidence has improved
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NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
EconomyBankingin Q2. Since the end of the quarter, it has declined by an additional 1.3 billion to stand at 4.7... has the lowest ELA funding levels among the core Greek banks. Outstanding interbank funding stands... markets. NBG notes that since the imposition of capital controls the bank’s deposit base in Greece has
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