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

    Economy

    As was broadly expected, S&P affirmed on Friday afternoon Greece’s ‘B-/B’ ratings, while the outlook remains stable. It is worth noting that S&P has the highest rating for Greece, which stands three notches above that of Moody’s (‘Caa3’ set on July 1, 2015) and two notches higher than Fitch (‘CCC

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  2. Government eases capital controls further, aiming to restore depositor confidence
    Photo by MacroPolis

    Economy

    Following pledges earlier in the month, the government has now further relaxed the capital controls imposed last summer. Finance Minister Euclid Tsakalotos published in the Government Gazette on Friday the relevant amendment allowing further relaxation, following the ratification of the proposed

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  3. PASOK and Potami strengthen basis for cooperation
    Photo from http://topotami.gr/

    PoliticsGreek Politics

    the two parties. The process of electing someone is expected to take place in November. It has been

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  4. Credit contraction stays stable at 2 pct in June, net additions for first time this year

    EconomyMacroeconomy

    net lending flow. Since the beginning of the year, the consumer credit sector has posted deductions

    2%

  5. Decline in retail sales accelerates to 8 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    index has seen the largest drops in clothing and footwear by 6.3 percent and department stores

    2%

  6. Greek stocks remain flat during week, banks underperform

    Economy

    representation in NBG’s BoD has been ceased. Next week, Mytilineos and METKA release their H1 results

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  7. Energy cooperation provides platform for Greece and Bulgaria to strengthen ties
    Photo via @PrimeministerGR

    PoliticsForeign Policy

    that Greece has to catch up with its neighbouring country. He said that “on Bulgarian soil railway

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  8. Building activity plummets 31.5 pct in May

    EconomyMacroeconomy

    percent since the end of 2010, while Bank of Greece has recently said that 42 percent of mortgages

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  9. Property tax notices for 2016 to be issued, collection target remains same

    EconomyMacroeconomy

    properties, meaning that the relative weighting of the third bracket will rise in 2016. MoF has

    2%

  10. Current account surplus almost doubles to 1 bln in June
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    trip has also reduced in June. As a result, travel surplus retreated by 3.6 percent to 1.72 billion

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