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  1. Stocks plunge 8.8 pct over week in aftermath of UK referendum outcome
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Economy

    session and closed at 534.78, its lowest level since March 1 reversing a strong rebound in the preceding..., namely Grivalia Properties (+2.8 percent) and Jumbo (+1 percent). In contrast, the biggest weekly

    11%

  2. Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May
    Photo via Flickr https://flic.kr/p/nphVW

    EconomyMacroeconomy

    better than target. According to the breakdown, salaries and pensions fell 1 percent in May and 2.6... are proportionally in line with the annual target, while the recorded underspend is mainly attributed to: 1

    11%

  3. S&P affirms Greece’s rating with stable outlook

    Economy

    notches above that of Moody’s (‘Caa3’ set on July 1, 2015) and two notches higher than Fitch (‘CCC... at the high-end of the eurozone, S&P notes. For 2016, S&P forecasts GDP to contract 1 percent, versus

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  4. Budget primary surplus confirmed at 2.5 bln in H1 2016, tax revenues soar in June

    EconomyMacroeconomy

    billion coupled with a revenue outperformance of more than 1 billion. The monthly figure displayed... Investment Budget (PIB) revenues. The state budget deficit narrowed by 28.7 percent to 1 billion

    11%

  5. Can Greece learn to love renewable energy?

    EconomyFeatures

    to an estimated 8.1 million jobs (direct and indirect).[1] Driving past the wind turbines in the Greek... and short term economic outlook that would be a welcome buffer. [1] http://www.ren21.net/wp-content/uploads/2016/06/GSR_2016_KeyFindings1.pdf [2] https://www.dei.gr/en/i-dei/i-etairia/tomeis-drastiriotitas

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  6. Central government debt climbs to 328.3 bln in Q2 on bailout tranche of 7.5 bln

    EconomyMacroeconomy

    is equally split between short-term (up to 1 year) and medium-term (1 to 5 years) debt. Meanwhile, Greece’s

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  7. Budget primary surplus reaches 3.6 bln in 7-month, monthly revenues miss target in July

    EconomyMacroeconomy

    period, slightly down by 1 percent from last year, yet beating target by 2.65 billion. Revenues Revenues.... Overall, net revenues edged down by 1 percent in July, while increased by 4.5 percent to 25.95

    11%

  8. Stable rate in time deposits, corporate loan rates pick up in July

    EconomyMacroeconomy

    to 6.18 percent. Lower rises were recorded for amounts over 1 million euros (+16 bps) and for amounts between 250,000 and 1 million euros (+6 bps). As a result, corporate loan rates in Greece remain 250-350

    11%

  9. Alpha Bank reports net losses of 16.8 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    million in Q1, while stood close to 1 billion a year ago. Last quarter’s NPL formation mostly stems from..., this figure could be impeded by taxpayers’ obligations in H2. The bank’s Common Equity Tier 1 (CET1

    11%

  10. One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    million, mainly reflecting lower costs related to pillar II bonds. Net interest income (NII) edged up 1... from 92 percent in the previous quarter remaining the lowest among core banks. The Common Equity Tier 1

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