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Greek stocks down 5.1 pct over week as investors remain cautious
Economyto the previous week’s losses of 3.2 percent. Over the past two months, the Greek stock market has...) to be held on November 1 no dividend distribution. Moody’s confirmed on Tuesday the Hellenic Telecom
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Greek 2016 draft budget contains 6.4 bln in new fiscal measures, sees recession ahead
EconomyMacroeconomyat 173.74 billion euros for 2015, 6 percent lower than last year’s budget and 3 percent below 2014 figure..., they still imply a rise by 5.2 percent year on year (YoY). Almost half of this year’s revenue shortfall
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Portuguese election: Where those who lost may decide
Agorasince 2011. How was it possible? Certainly, the fact that Portugal managed to follow Ireland’s steps... mistakes, including a “radicalisation” of Costa’s rhetoric, which was used by the coalition as alleged
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Omnibus bill goes to Parliament as Greece seeks to unlock 2 bln sub-tranche
EconomyProgrammebill includes articles on the facilitation of the gas market’s liberalisation, changes in road haulage.... Prime Minister Alexis Tsipras said last week during the 3-day debate on the coalition’s policy
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Committee of wise men proposes drastic changes to Greece's pension system
Economy. However, this is not the committee’s main proposal. The new pension system would be based.... The basic idea is that each worker’s contributions are accumulated in a personal account, comprise
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingsheet items. We understand that the trading update was announced in the aftermath of last week’s... bondholders accept the proposed share exchange. S&P downgraded Piraeus’s long-term rating from ‘SD
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Industrial turnover dives 18.3 pct in Aug for highest drop in almost 5 years
EconomyMacroeconomyGreece’s Turnover Index in Industry continued heading south for the tenth successive month in August, when it fell at an accelerating pace of 18.3 percent from 15.4 percent in July, Hellenic...) and wearing apparel (-27.8 percent) following suit. The Markit’s Manufacturing PMI rose by 4.2 points to 43.3
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Current account balance shows a surplus for third straight month, at 2.09 bln in August
EconomyMacroeconomyGreece's current account (C/A) balance displayed a surplus of 2.09 billion in August 2015, up by 12.5 percent from last year’s figure, Bank of Greece (BoG) data showed on Wednesday. This year’s figure indicates a C/A surplus for the third straight month. The year on year (YoY) improvement largely
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Bailout review resumes in Athens but substantial gap remains
PoliticsGreek Politicsin the first of the day’s meetings, describing it as “introductory” and an opportunity to outlinethe key... of the proposed pension reform, while they do not seem to favour the government’s recent initiatives
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Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
EconomyGreece’s primary surplus fell to 3.07 billion euros in the 9-month period of 2015 from 3.8 billion posted in the 8-month, the Finance Ministry (MoF) final budget execution figures showed on Tuesday..., particularly until July, mostly reflected the government’s decision to delay or postpone non-payroll
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