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  1. Record year for company launches in 2018, small enterprises continue to dominate

    EconomyFeatures

    , and abolishing a 50 percent discount for those under 35 with less than 5 insured years. Cumulatively since.... It found that across 10 sub indicators, Greece scored worst for registering a property at number

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  2. Minimum wage increase set for end of January amid concerns about economic impact
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    Greece’s Labour Ministry is moving ahead with plans to increase the country’s minimum wage between 5 and 10 percent amid calls for caution over such measures. The issue is due to be discussed between Labour Minister Efi Achtsioglou and the institutions, conducting their second review as part

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  3. Increase of 11 pct in minimum wage to have knock-on effect in economy
    Photo by MacroPolis

    Economy

    , surpassing the upper threshold of the committee of wise men that had recommended a rise between 5 and 10

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  4. Short-term rentals raise rents by average of 8.3 pct, study indicates
    Photo by MacroPolis

    EconomyFeatures

    to 2018, Grant Thornton found that the short-term rental market in Greece accounts of 10 percent... that of long-term by a ratio of almost 5 to 1. In Athens, the survey found that for example

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  5. European Commission report due to set tone for build-up to March 11 Eurogroup
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    EconomyProgramme

    that based on a series of assumptions, 5 billion euros in state guarantees should be enough to rid... to fall to below 10 percent, from almost 48 percent at the moment, in order for Greek banks

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  6. Protection of main homes the next step in assembly of election ammunition for SYRIZA
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    The government hopes it has done enough to secure almost 1 billion euros in debt relief measures at the April 5 Eurogroup after tabling the draft legislation for the protection of primary residences... residences was tabled shortly after SYRIZA announced another 10 candidates for the European Parliament

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  7. NBG reports full year net profits of 50 million euros from continued operations
    Image via www.nbg.gr

    EconomyBanking

    formation dropped by 110 million, followed by mortgages (-71 million), small business loans (-10 million... at the group level. Fee income rose by 16 percent QoQ to 63 million, rising by 5 percent in the full

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  8. Athens waits for green light from Eurogroup so it can settle IMF loans early

    EconomyProgramme

    5. Settling the second review would allow the Greek government to request permission from... is over. Greece currently owes the IMF just under 10 billion euros but may make do with just paying

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  9. Athens gearing up for new bond issue amid favourable market conditions
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    the early repayment of nearly 10 billion euros that Greece owes to the IMF. Finance Minister Euclid... is 5 percent, whereas we can now borrow with 3.4 percent [from the markets] and the ESM loans

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  10. Newsletter 202 -12/04/2019

    Newsletters

    of its IMF loans as its next goal. Close to 4 billion of the outstanding 10 billion euros that Greece owes to the IMF has an interest rate of nearly 5 percent. From a debt sustainability and fiscal

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