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  1. Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
    Photo by MacroPolis

    EconomyMacroeconomy

    million. In the year so far, Eurosystem funding has declined by 2.46 billion euros, reflecting a fall... funding to Greek banks has steadily dropped. The total fall by June 2019 came to 148.49 billion euros

    2%

  2. Tsipras aiming to guide SYRIZA towards new territory in opposition
    Photo by MacroPolis

    PoliticsGreek Politics

    . However, Tsipras has shown a knack over recent years for convincing his party to put its faith in him...’s response was that as a professor of urban planning he has acted as a consultant on a lot

    2%

  3. Tourism responsible for up to 30.9 pct of GDP in 2018, study suggests
    Photo by Panayotis Tzamaros/Fosphotos

    Features

    A study by the Greek Tourism Confederation (INSETE) has indicated that tourism contributed between 25.7 and 30.9 percent of Greece’s GDP in 2018. The figures showed that the tourism industry acted... also highlighted how the crisis has impacted domestic tourism. Using data from ELSTAT up to 2017

    2%

  4. ND ready to flesh out its policy agenda, with focus on tax plans

    PoliticsGreek Politics

    that Mitsotakis and his finance minister, Christos Staikouras, make regarding the planned tax cuts. It has... Democracy has promised to reduce ENFIA by 30 percent across the board in two stages. Instead, it may

    2%

  5. Credit contraction stays at 0.2 pct in Jun, balance at 161.16 bln

    EconomyMacroeconomy

    which has stayed at levels not seen since January 2011, when a drop of -0.2 percent was noted... to 18.14 billion. The Greek market has been experiencing a contraction for the last six years

    2%

  6. New government aims for extensive changes to education system
    Photo by Natasha Pantazopoulou/Fosphotos

    Society

    would also be supported. Summer and winter courses in areas where Greece has a strong background... means that for the past 30 years or so, passing the exam has depended heavily on paying

    2%

  7. Bonds enjoy great buoyancy but remain some distance from investment grade
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    the board that political risk has been eliminated and risks of policy reversal are low since the post... upgrade, Moody’s said that although there has been significant progress to date, Greece's credit

    2%

  8. New overdue taxes rise continues to decelerate, total debt at 104.73 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The month-on-month rise in Greece's new tax debt came to 473 million euros in June, data from the Independent Authority of Public Revenues (IAPR) has shown. The aggregate figure for the first six... to date, the total for overdue debt has increased by 2.87 billion euros. Based on a GDP estimation

    2%

  9. Retail turnover falls by 2 pct in May, volume drops by 2.4 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    , the volume index has remained negative for two consecutive months now. Compared to May 2018, the main... has shown a strong improvement of 26.3 points. Retail trade rose by 4.5 points month-on-month to 13.7

    2%

  10. Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    the start of the year has pushed down the entire short-term part of the Greek yield curve. Early in 2019... halved between June and July, from 0.41 percent to 0.23 percent. The borrowing cost has also halved

    2%