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  1. Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
    Photo by MacroPolis

    EconomyBanking

    stable QoQ, edging up by a slight 0.3 percent to 355.9 million. On an aggregate basis, NII fell by 1.5... picked up and confidence begins to return due to Greece’s programme exit, he said that the conditions

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  2. Manufacturing PMI climbs to 53.9 pts in August, outlook remains positive

    EconomyMacroeconomy

    Greece’s Manufacturing PMI edged up to 53.9 points in August from 53.5 in July, staying over the 50-mark threshold for 15 straight months as confidence in the sector remains solid. Greece’s... of new business picked up pace in August and although it is not of the same scale as the start

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  3. New overdue taxes rise by 377 mln in July, total stock above 102 bln for second month

    EconomyMacroeconomy

    . The collectability rate for the month stood at 69.5 percent, up from 56.8 percent in the previous month... (excluding non-tax categories) picked up to 20.3 percent in July from 18.7 percent in June. The revenue

    3%

  4. Turnover in tourism grows by 11.5 pct during Q2
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    reach up to 30 million, but warns that this might be the last year of continued growth in numbers and revenue for Greece as competition picks up in neighbouring destinations.

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  5. Tsipras confident on pension cuts, reticent on snap elections
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    ) will be completed in January and that it will then be Greece’s turn to act. This opens up the prospect of SYRIZA... that the government can last until its term is up in September. “Our aim and strategy is to complete the four

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  6. Eurosystem funding down to 12.63 bln in August, banknotes in circulation rise slightly
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to a stepping up of the full elimination of reliance on Eurosystem funding. Banks have been making... funding for August revealed that for a fifth consecutive month, ECB funding made up the majority of total

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  7. No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
    Photo via Fosphotos

    EconomyProgramme

    , having cut pensions by up to 18 percent. Clearly, the Greek government would prefer to have... up its efforts to facilitate an increase in the minimum wage. Labour Minister Efi Achtsioglou said

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  8. PM moves quickly on policy pledges in bid highlight benefits of MoU exit
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    in February and concluded in June. However, the government wants to speed up the process as it seeks... about-turns in policy, his credibility with voters is low and that following up on the promises he

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  9. Tsipras and Kammenos vow to stick together until further notice
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Prime Minister Alexis Tsipras left for New York on Sunday to attend the United Nations General Assembly, but not before publicly making up with his coalition partner Independent Greeks (ANEL) leader... it through Parliament before his term in office is up. Athens expects that the ratification process

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  10. Coalition hopeful on pensions, looks to maximise impact of limited relief measures
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    states that had elections coming up. Tsakalotos claimed there are “very good chances” pensions... opposition parties over this issue, Tsakalotos and Prime Minister Alexis Tsipras will have to come up

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