Search
-
Countdown to Macedonia name deal vote has PM weighing up support
PoliticsForeign Policyis the handing over of the Macedonian language and identity to Greece’s neighbour. Athens decided... the the Greek government’s task of gaining support for the agreement even more difficult. If the referendum's... polls due to the agreement and Tsipras’s standing in Europe is benefitting from being seen to solve
1% -
Economic sentiment drops in September to 101.3, consumer confidence picks up
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 3.9 points to 101.3 in September compared to 105.2 in August, European Commission (EC) figures revealed on Thursday. September’s reading marks six straight... by 8.8 points and by 5.4 points since the start of the year. September’s reading is the most improved
1% -
Greece moves closer to lifting all capital controls as limits on cash withdrawals removed
EconomyMacroeconomyGreece’s Finance Ministry (MoF) announced late on Thursday that further relaxations were being... was forthcoming in light of both the ministry’s roadmap to relax and eliminate capital controls... to the MoF’s latest announcement, the previous round of capital control relaxation took place in June
1% -
Retail turnover in July up by 4 pct as volume rises 2.5 pct
EconomyMacroeconomyGreece’s retail sales index increased by 4 percent in July after June’s figure was slightly revised down to 3.1 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The headline... the start of the year. September’s reading is the most improved in the year so far, and the best since
1% -
Manufacturing PMI dips slightly to 53.6 pts in September as sentiment remains strong
EconomyMacroeconomyGreece’s Manufacturing PMI declined slightly to 53.6 points in September from 53.9 points in August... activity. Despite continuing to grow, September’s activity marked a five-month low. New business... strong. Input cost inflation softened from June’s peak and fell also to a five-month low. However
1% -
FinMin sets out how it would alter policy mix to prevent pension cuts
EconomyMacroeconomyequal savings in 2020. In the Eurogroup statement of June 15, 2017 Greece’s lenders welcomed... at their disposal an expansionary package worth close to 2 billion euros of spending with the lion’s... or ample enough to alter the mix of Greece’s welfare policies.
1% -
General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus came to 3.51 billion euros in the first eight... to the Finance Ministry’s (MoF) monthly gg bulletin. In the underlying subcategories, the biggest... year’s figure of 68 million. The balance for extrabudgetary funds increased slightly by 78 million
1% -
Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
EconomyBankingover the last few days with the ECB’s Single Supervisory Mechanism (SSM) to agree the new NPL... is that any solution should comply with the European Commission’s competition rules and should... they want is for this to become a quick exit again due to fresh concerns about the banking system’s
1% -
Greece scores low on index for skills development, activation and matching
Society, Greece scored near the bottom at number 23 with a rating of 41 percent. The report found that Greece’s... Greece stood in eleventh place. The mismatch between Greece’s education system and the realities..., Greece again scored zero along with Cyprus and Spain. The Cedefop’s ESI was launched at the end
1% -
IMF raises growth forecast for 2019, lowers sharply medium-term expectations
EconomyMacroeconomypercent in April’s WEO. Consumer prices are estimated to grow by 0.7 percent this year, unchanged from... is unchanged for 2018, at -0.8 percent of GDP, while next year’s is improved to -0.4 percent of GDP from... peak in 2007, Greece’s per capita GDP was 30,055 US dollars but by 2013, it had dropped by 26 percent
1%