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  1. Fiscal Council adopts 2017 budget forecasts with three reservations
    Photo by Panayiotos Tzamaros

    EconomyMacroeconomy

    that the government projection of a strong GDP rebound of 2.7 percent next year stands above consensus estimates... the additional tax measures to be implemented next year. Therefore, it concluded that a growth of 1 percent

    1%

  2. Greek stocks rise for third consecutive week as trading increases
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    , while EBITDA fell to 113.7 million from 125.7 million a year ago. NBG turned profitable in Q3 with net... period from losses of 19.1 million a year ago, while EBITDA increased by 11.7 percent to 26.7 million

    1%

  3. Report shows Greek tax burden increased in 2015, remaining above OECD average
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    the OECD average of 34.3 percent for the third successive year. In 2014, Greece’s ratio stood at 35.8... for the fifth straight year to 14.3 percent of GDP in 2014 well above the OECD average figure

    1%

  4. New poll hurts coalition's recovery hopes as Turkey threat grows
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    . A majority of Greeks (51 percent) want the government to see out its four-year term but if elections do... next year will be better than 2016. Of course, the government will hope that these figures will change

    1%

  5. Greeks’ wealth fell by 0.6 pct in 2016 for third straight decline
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    Wealth in Greece dropped for the third straight year in 2016, albeit by just 0.6 percent after a decline of 9.7 percent in 2015, the 2016 Global Wealth Report published by Credit Suisse revealed..., while the respective figure for Europe has dropped by 9.7 percent over this nine-year period to 73.3

    1%

  6. Turnover in tourism sector rebounds 2.6 pct in Q3
    Photo by Yiannis Drakoulidis/Fosphotos

    EconomyMacroeconomy

    value for Q3 is the highest quarterly reading each year. Bank of Greece (BoG) latest figures showed.... Although all estimates and figures point to a positive volume growth for the whole year, travel receipts

    1%

  7. Wages index rises again to reach 91 in Q3, highest since Q4 2012
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The seasonally adjusted (SA) Wages Index rose for the fourth successive quarter in the third quarter (Q3) of 2016, albeit at a slower pace of 1 percent year on year (YoY) from a higher increase of 4.6 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. As we noted

    1%

  8. CPI falls at faster pace of 0.9 pct in November
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyMacroeconomy

    . In 2015, CPI fell by 1.7 percent, which was the biggest annual drop since 2013, while this year’s twelve... Commission (EC) and OECD forecasts point to almost zero HICP in 2016. For next year, the government

    1%

  9. Greek stocks climb 4.3 pct on week, banks’ strong performance continues
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    extending the year to date figure to 860.2 million. Corporate news Ellaktor reported a rebound of 17.1... 9-month net profits stood at 34.6 million from losses of 2.2 million a year ago with sales

    1%

  10. Industrial production rebounds by 6.8 pct in October

    EconomyMacroeconomy

    in November. However, it still records gains of 5.8 points since the beginning of the year. Moreover, the Markit Manufacturing PMI dropped for the third successive month by 0.3 points to a one-year low of 48.3

    1%