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May PMI still in expansion as firms report supply chain and cost issues
EconomyMacroeconomyGreece’s Manufacturing PMI remained in expansion in May, though it slightly moderated to 54.9... month of growth in new sales, with growth in May similar to the previous month, though it was the slowest since January. The pace of increase of new export orders was also strong, driven primarily by key
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Waiters and chefs lead May hiring balance to highest on record
EconomyMacroeconomyGreece’s employment balance was strong as is usually the trend in May with 137,841 more hires than... balance in May last year was also strong, with 126,660 more hires. This led to a year-on-year rise of 11,181 jobs and this year is a new monthly record, breaking last year’s high. Total hirings in May came
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Revenues at 4.77 bln in Oct, beating target for fourth straight month
Economyresuming a negative trend (-18.0 percent in October after a strong 26.2 percent rise in September) also...The final budget execution to October confirmed preliminary figures, released by the Ministry of Finance (MoF) on November 13, showing revenues beating monthly targets by 763 million euros
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Golden Dawn faces more legal action but is on course for strong election showing
PoliticsGreek Politicsto the build-up to May’s local and European Parliament elections. The magistrates asked on Thursday... and 10 percent, which if translated into actual votes in the European Parliament elections on May 25... by the magistrates adds some doubt to the outcome in May. While the Greek Constitution does
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Unpaid taxes rise by 1.03 bln in May, taking total to 77.88 bln
EconomyMacroeconomydue to the strong performance in May when revenues of 93 million were recorded similar to the sum...The increase in Greece’s new unpaid taxes accelerated to 1.03 billion euros in May from 737 million...). This follows a month on month (MoM) decline in the preceding three months, while May figure is the first
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Primary cash balance at surplus of 438 mln in May
EconomyMacroeconomyJanuary to May showed a strong increase of 1.94 billion euros, bringing the total to 21.46 billion euros... that on a monthly basis, revenues dropped by 54 million euros in May and came to 3.12 billion euros... euros to 17.75 billion euros against last year’s total of 17.71 billion. Expenditure for May rose
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IMF hints at flexibility as debt relief talks continue
PoliticsGreek Politicsfrom the Greek side of what it may be willing to accept as a compromise next month but a deal
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Kasselakis offers more hints of a positive narrative for SYRIZA's post-Tsipras era
PoliticsGreek Politicsin the party’s fortunes may have been arrested following a stormy party conference, the new leader has
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Unpaid taxes rose by 1 bln a month in H1 2014, collection targets missed
EconomyMacroeconomyThe rate of increase in Greece’s unpaid taxes accelerated to 1.03 billion euros in June from 873 million in May and 763 million in April, according to data provided by the General Secretariat..., underperforming the target of 65 percent. This category of audits was the only one that beat target to May
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Portuguese election: Where those who lost may decide
Agorato pursue the path of reforms,” may have got the impression that everything will continue exactly the same. In fact, that may well happen. Or maybe not? The first change we should acknowledge... last year and made a “clean exit” from the bailout may help to explain it. Moreover, economic activity
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