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  1. Eurosystem funding drops by 4.58 bln in January, banknotes in circulation fall
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    has been steadily falling with the latest reduction coming on March 8, when the ECB announced... collateral, along with improved market access. Eurosystem funding to Greek banks has declined

    2%
  2. Wages index improves by 0.2 pct in Q4, up by 2 pct YoY
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    for the year. From a recent high of 91 in Q3 2016, the index has fallen by 0.5 percent. The record high... peak, the index has declined by a quarter on the back of the negative impact stemming from

    2%
  3. Strong interest as Greece issues first 52-week T-Bill in almost eight years
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    and 26-week issues that Greece has been rolling over throughout the crisis and are mostly held by Greek... government has at its disposal (including the primary surplus, repos, cash buffer and programme

    2%
  4. Coalition tries to move focus back to scandals
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Under pressure due to the developments involving PAOK chairman Ivan Savvidis, the government has moved the spotlight back to the Novartis investigation again, apparently hoping this will provide some... for Novartis. The government spokesman admitted that this has nothing to do with the criminal aspect

    2%
  5. New overdue taxes rise by 766 mln in Jan, total stock at 99.44 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    debt in January has displayed a rise of over 9 billion euros. Although legacy stock increased, total... to 82.2 percent for December. The IAPR has set a goal for the overall tax collectability rate to reach 84

    2%
  6. Economic sentiment drops in March after reaching recent high, consumer confidence stable
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    , although 1.5 points below the December 2017 reading. Over the last 12 months, ESI has improved... in February. Construction confidence has marginally improved during 2018 from the -58.3 of December 2017.

    2%
  7. Credit contraction at 1 pct in February on lower household, and corporate lending
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    reading means that the balance has remained under the 23-billion-euro mark for a fourth consecutive month. The Greek market has been experiencing a contraction for the last six years, with the loan

    2%
  8. Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
    Image via www.piraeusbankgroup.com

    EconomyBanking

    billion euros. The latest quarter marks nine straight quarters in which NPE formation has declined... Ameoba, has attracted strong interest. The first phase was recently completed, with the second phase

    2%
  9. Despite stumbling blocks, Athens more upbeat after latest talks on name issue
    Photo by Greek Foreign Ministry via Flickr https://flic.kr/p/v7T15K

    PoliticsForeign Policy

    , and become a member of the military alliance. Following the meeting in Vienna, Kotzias declared: “There has... guarantees regarding the changes to the constitution it has highlighted, this would trigger a change

    2%
  10. Building activity up by 18 pct in Jan, permits dip below 1,000-mark

    EconomyMacroeconomy

    permits was issued in western Macedonia (14 permits). Greece’s construction sector has remained... confidence has marginally improved during 2018 from the -58.3 reading of December 2017.

    2%