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  1. Industrial turnover plunges 13.4 pct in May for fifth successive double-digit drop

    EconomyMacroeconomy

    Greece’s Turnover Index in Industry continued its downswing in May, diving by 13.4 percent after a downward revised 14.3 percent drop in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. Industrial turnover has been in negative territory for 20 successive months (since

    2%

  2. Sallas exit from Piraeus marks end of era in Greek banking sector
    Photo by MacroPolis

    EconomyBanking

    appraisal, the Bank of Greece has to assess if bank’s BoDs and management have been aligned with HFSF

    2%

  3. Increase in overdue contributions accelerates to 831 mln in Q2 as total reaches 16.6 bln
    Photo by MacroPolis

    Economy

    months of 2015. Since its establishment in 2013, KEAO has collected revenues of 1.38 million, of which

    2%

  4. 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

    2%

  5. 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

    2%

  6. 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%

  7. 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%

  8. 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

    2%

  9. 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

    2%

  10. 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

    2%