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Q3 GDP beats consensus, rises by 0.5 pct QoQ and 1.5 pct YoY
EconomyMacroeconomyfor September’s balance of payments as well as quarterly unemployment and turnover indices for the service... performance, the aggregate figures for the 9-month period display GDP remained flat. In addition, GDP.... Total exports declined 11.4 percent in H1, fully attributed to a nosedive in services by 25.1 percent
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Q1 GDP contracts 0.4 pct QoQ and 1.3 pct YoY, broadly in line with estimates
EconomyMacroeconomybalance of payments as well as quarterly unemployment and turnover indices for the service sectors... contraction of 0.9 percent, while S&P expects essentially flat growth for this year.
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Newsletter 85 - 05/08/2016
led to the Sunday service being interrupted, was prompted by the police clamping down on illegal... revenues remained relatively flat. That the Greek justice system has failed to see all this after so
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ND raises tax concerns in bid to prevent voters moving to PASOK
PoliticsGreek Politicspct for more than 150,000, compared to a flat rate of 5 pct at the moment. The socialists argue... of service (DDoS) attack, although some experts have challenged this theory while claiming
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PM finalises relief measures in ambitious but risky move to sway voters
PoliticsGreek Politicsthe elimination of the so-called “personal difference” surcharge for pensioners and reduced flat rates... by tangible improvements in service delivery and cost‐of‐living pressures.
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Time deposit rate almost flat in Jan, average loan rate falls 12 bps
EconomyMacroeconomyGreek households’ new time deposit rate remained broadly stable for the second straight month in January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece (BoG) figures displayed on Wednesday. Since the impositio...
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PPC lignite unit bids fall flat in blow to privatisations
EconomyFeaturesThe Public Power Corporation’s (PPC) divestment of 40 percent of its lignite capacity has hit an obstacle as it emerged that the bid process for two lignite units had attracted very little interest. PPC received one binding offer for the Melitis unit in...
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Eurogroup to approve release of bond profits but bid to repurpose funds falls flat
EconomyProgrammeWednesday’s Eurogroup is expected to result in eurozone finance ministers approving the conclusion of the fourth enhanced surveillance review and the next round of debt relief measures, but will not include a discussion on how Greece can use the bond pr...
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Building permits down by 2.3 pct in Jul as YTD activity growth nearly flat
EconomyMacroeconomyBuilding permits growth in July returned to negative territory, dropping by 2.3 percent year-on-year (YoY), after a 3 percent increase in June), according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday. The total numb...
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Government moves to shake off Tempe affair after opposition bids at prosecution fall flat
PoliticsGreek PoliticsNew Democracy succeeded in limiting the scope of judicial proceedings against politicians in relation to the deadly Tempe rail crash after rival motions by opposition parties to widen the net of prosecutions were voted down. The conservatives hope that ...
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