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Economic sentiment and consumer confidence markedly improve in October
EconomyMacroeconomyin October, which is the highest reading since March 2015, while has recorded gains of 6.2 points... the beginning of the year, it has soared by 17.9 points. The industry confidence rebounded by 1.5 points... months, the retail trade indicator has posted the most notable rise of 26 points followed by the services
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New Democracy seeks higher ground in escalating TV permits row
PoliticsGreek Politicsthat the watchdog could assume its duties. Polydoras, however, has long split from the conservative party. He... court’s full ruling before deciding on how to launch a new licencing scheme. New Democracy has... Democracy has decided to present itself as the party that will defend Greece’s institutions
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBankingthe last two quarters, the headcount has been cut by around 1,000 to 15,935 employees, while the network has been reduced by 75 to 840 branches. Impairment losses declined by 14.1 percent QoQ to 191... until November 9. Since the end of June to date, ELA funding has been reduced by 2.7 billion to 13.1
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Liquidity and NPL resolution feature prominently in draft deal between Greece and lenders
EconomyProgrammesummary report on the developments regarding Greek banks’ NPL strategies and targets. BoG has... workout. According to the draft sMoU, an agreement has been reached allowing for both large and small... debt to be excluded from any haircut. The draft sMoU also notes that the government has to amend
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Unemployment rate falls to 23.1 pct in September, lowest since March 2012
EconomyMacroeconomyof employed has risen by 60,600, while that for the jobless has declined by 81,000. Τhe non-seasonally... percent in 2016. However, there is a significant divergence in their forecasts for 2017. IMF has
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Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomyin November to a new low since the end of 2012. It has been reduced by 16.35 billion since June 2015... has been recorded in the last six months in the wake of reinstatement of waiver on Greek government.... Overall, Eurosystem funding has been cut by more than 58 billion in the last seventeen months, also
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Turnover in services sector improves in Q3
EconomyMacroeconomy) and telecommunications (+1.1 percent). Since 2001, the most notable nosedive has been recorded in advertising..., employment activities and other administrative and office support, the turnover has soared by 69.8... and accounting services has also surged by 49.1 percent over this period. The latest services confidence
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Dispute over handouts drags on, allowing tension with creditors to rise
PoliticsGreek Politicsof the process and the coalition’s concerns about settling the dispute that has been triggered... and Schaeuble are leading Greece towards a dead-end.” To Potami leader Stavros Theodorakis has also suggested... of next month as the government has identified the Eurogroup on January 26 as a watershed
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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankinghas recorded a cumulative increase of 17.3 percent in the past two years, while the number of card transactions has soared by around 71 percent over this period. On fraud, the report revealed... of volume and value and has remained broadly stable over the last two years.
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Greek women in crisis
Agorafrom all public documents. The coalition has a greater commitment to battle discrimination against... in Crete and for the last 5 years, has been caring for an elderly lady of 90 years old. She gets paid 450... has since been a stay-at-home mum. Although the Greek laws protect women, inequality is linked
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