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Number of new companies registering in 2016 half of those in 2008
Economycompared to the 2008 figure, a study by Endeavor Greece titled “Greek Entrepreneurship in Numbers... that despite the unprecedented decline in disposable income, Greek entrepreneurship remains focused on non... four years ago, this reduction is not enough to accelerate the transformation of the Greek economy
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Minor fluctuations in deposit and loan interest rates in December
EconomyMacroeconomyGreek households’ new time deposit rate edged down by 1 basis point (bp) to 0.70 percent... increased by 5 bps to 4.59 percent. As a result, the corporate loan rates in the Greek market remain more.... The modest changes in the average deposit and loan rates led the average interest rate spread for Greek
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Deposit outflows of 1.5 bln in Jan after seasonally high inflows in Dec
EconomyMacroeconomyThe Greek market recorded outflows of 1.53 billion euros in January after the seasonally high... on Friday that the net inflow of banknotes in the Greek banking system stood at 7.7 billion euros from... 7.9 billion over this period. However, the increase in Greek banks’ deposit balance was much lower
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Review talks focus on out-of-court workout, jobs scheme and energy market
EconomyProgrammeThe third day of discussions between the institutions’ mission chiefs and the Greek authorities... and had a positive view of the Greek proposals. A key issue for the implementation... and then both subsidiaries would be sold to private suppliers. The move aims to liberalise the Greek
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Athens remains optimistic but no breakthrough in talks yet
PoliticsGreek Politicsminister and one of Tsipras’s key advisors on economic issues, spoke of the need for Greek debt... by the institutions and the expansionary counter-measures that the Greek side wants to put forward... incomes. Greek government officials were due to discuss with the lenders the package of measures, which
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Stocks rebound by 0.7 pct for third straight week amid light trading activity
EconomyThe Greek stock market edged up 0.7 percent for the third successive week following the return of the institutions’ mission chiefs to Athens and resumption of discussions with the Greek authorities... gains to 4.2 percent in the last three weeks. Since the beginning of the year, Greek shares have risen
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Amid review doubts, changes to constitution back on main agenda
PoliticsGreek Politics, the Greek government sought to switch the domestic agenda on Tuesday by focussing on plans to overhaul... to leave the Greek capital. “We are in Athens working and I am not committing on a return... issues. In the absence of any tangible progress from the negotiations, the Greek government has
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Athens sees faster pace of progress in review talks but no final deal yet
EconomyProgrammeFollowing the small progress made during Monday’s talks, Greek government sources appeared more.... The institutions’ mission chiefs and the Greek ministers have not reached an agreement so far on the counter... of the interventions proposed by the IMF, with the rest being ones that the Greek side has identified. SLA
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Slow progress on fiscal, impasse on labour keep review deal on hold
PoliticsGreek Politicsappears to have been completely shelved for the time being, with the Greek government looking... the sense that Greek workers have a stake in the expected recovery. Specifically, the panel of experts... year warrants optimism about the ability to beat future targets. As such, the Greek government feels
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Greece, creditors seek progress at Eurogroup on key differences holding up review
EconomyProgrammethat will have to be resolved if the second review is to conclude in the days ahead. The Greek ministers... in Washington on April 21-23 mean that a comprehensive agreement on the Greek programme, including..., Greece is the fourth item on the agenda and the four institutions along with the Greek Finance Minister
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