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Greek expats generating 9.1 bln in taxes abroad each year, study suggests
Societyall Greek exported "products," human capital has the highest value and is worth 12.9 billion, which... returns to Greece, the exported value of human capital benefits the receiving countries. Almost half (49
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Current account deficit widens to 412 mln in May
EconomyMacroeconomycoupled with lower net payments for purchases of ships mainly due to capital controls. The marked drop... to capital controls. Moreover, travel receipts decreased 6.2 percent to 2.08 billion in the 5-month period
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S&P raises core Greek banks’ ratings, with a stable outlook
EconomyStandard & Poor’s raised on Tuesday evening the four core Greek banks’ ratings to ‘CCC+/C’ from ‘SD,’ with a stable outlook, in the wake of capital controls being relaxed. The ratings agency notes..., it expects only some minor deposit inflows in the coming months. On the capital control framework
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Greek stocks fall 1.5 pct, banks underperform for third straight week
Economyraised Greek banks’ rating. with a stable outlook. in the wake of capital controls relaxation. However... consideration for the transaction stood at 324.7 million and is expected to be capital accretive
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NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
EconomyBankingInvestment (EFSI) and the EBRD to provide working capital for Greek SMEs as well as new lending... to be capital accretive improving Eurobank’s first quarter pro-forms Common Equity Tier 1 (CET1) ratio by 27
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Greece's latest GDP figures and what to expect for the rest of the year
Agora. In absolute terms, Q2 GDP of 46.19 billion euros is the highest reading since capital controls were... QoQ in Q3 2015 in the wake of capital controls but rebounded by only a marginal 0.2 percent in Q4
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Industrial turnover falls by 9.4 pct in June
EconomyMacroeconomypercent, followed by consumer non-durables with an 8.6 percent drop. Capital goods broke the trend...-durables with a 9.2 percent decline. Turnover in eurozone countries advanced in capital goods
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Current account surplus almost doubles to 1 bln in June
EconomyMacroeconomyof ships also decreased in the wake of capital controls. Stripping out oil and ships, the goods’ balance... reflects lower net transport receipt mostly attributed to capital controls. In addition, travel
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Q2 GDP rebounds 0.2 pct QoQ but shrinks 0.9 pct YoY amid consumption drop and investment rise
EconomyMacroeconomyfixed capital formation was the positive surprise in Monday’s announcement, rebounding by 1 percent QoQ... percent in H1 largely attributed to lower net transport receipts due to capital controls, while
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomysurplus is mostly due to lower net transport receipts mainly attributed to capital controls. In addition... million in July, mostly due to an outflow of 100 million related to OPAP participation in the capital
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