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Building permits up by 1 pct in April and 5.2 pct in first four months of the year
EconomyMacroeconomyBuilding permits rose by 1 percent in April following a drop of 2.3 percent in March, Hellenic... (BoG) figures showed a 0.2 percent drop in apartment prices year-on-year in the first quarter of the year. This followed a drop of 0.4 percent in Q4. Apartment prices have been falling since the first
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What is the state of play with Greek banks?
Economymodel to determine potential additional capital needs. The whole process is expected to be completed... at the end of August from 4.7 percent at the end of December. As expected, the drop in outstanding time
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BoG sees encouraging signs for Greek economy but warns on reforms
Economythat support the BoG’s expectations stem from the bottoming out of the drop in consumption, the positive... of debt and sustain the country’s access to capital markets. c) Reorientation of the production model
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BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report
EconomyMacroeconomythree major legacy problems from the prolonged recession over recent years and sharp drop... unemployment levels, involving a shift in the Greek economy to an outward-looking growth model which
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BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
Economy, Covid-19 spreading will lead to a drop in domestic demand as private consumption is expected... economy. Zero growth Incorporating all those shocks in BoG’s forecast model leads to a new baseline
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Covid recession bumped pension spending to 18 pct of GDP in 2020
Economy. Following the pandemic-induced bump, pension spending is expected to drop to 13.8 percent of GDP... of Greece’s economic model – something that the government is banking on in its Greece 2.0 plan for how
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Opposition clashes with govt over high energy prices, cost-of-living measures
PoliticsGreek Politicseuros/MWh in France and 299 euros/MWh in the UK. Greece has not benefitted from the recent drop... and missteps in the government’s economic model, often by drawing comparisons to European peers. New face
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Parties turn focus on economy as PASOK struggles with election fallout
PoliticsGreek Politicsin the form of a drop in inflation, however he acknowledged that the real goal was to bring prices... cuts to VAT on the model of other European countries, claiming that the measure would be ineffective
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Labour Ministry 2015 data shows increase in employment, marginal drop in average wage
Economyemploying a total number of 1.67 million employees in 2015. Three quarters of firms were employing up to four employees, and almost 9 out of 10 up to 10 employees. There were also 523 large corporates... euros in 2015. The report showed 22.5 percent were part-timers, 4 out of 10 received a salary up
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Car sales drop by 0.8 pct in September
EconomyMacroeconomygone up. In September last year, car sales registered a rise of 30.1 percent. Car sales.... The remainder was made up of motorcycles (3,217), lorries (1,863), and buses (113). Passenger cars accounted..., totalling 131,712. In the first nine months of the year, the remaining sales were made up of motorcycles
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