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  1. Only 11.5 pct of Greek businesses made web sales in 2016

    Society

    While almost 90 percent of Greek businesses have access to the internet, only 11.5 percent reported making any web sales online in 2016, be it through a web shop or app, web data from the Hellenic Statistics Authority (ELSTAT) has shown. Of the 21,600 enterprises included in the 2016 survey, which

    2%

  2. Stocks down 0.4 pct this week after tumbling in wake of Eurogroup
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    index has fallen 4.9 percent. The top outperformers included Viohalco (+2.2 percent), Coca Cola Hellenic

    2%

  3. Economic sentiment stays stable at 95.1 in Jan, consumer confidence dives 3.4 pts
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    , the most mark improvement has been recorded by the services confidence indicator (+19.9 points) followed

    2%

  4. New overdue taxes jump by 1.3 bln in Dec, total stock climbs to 54 pct of GDP
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . The biggest revenue gap of 1.77 billion euros was created by VAT, but this tax has the second

    2%

  5. Number of new companies registering in 2016 half of those in 2008
    Photo by Natasha Pantazopoulou/Fosphotos

    Economy

    is still searching for an equilibrium after eight years of recession and has not managed to get away

    2%

  6. Banks see efficiency gains after shedding 29 pct of staff, 42.6 pct of branches during crisis
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    of bank branches has decreased by 42.6 percent or by 1,736 to 2,343 at the end of last June from 4,079

    2%

  7. Apartment prices drop 0.6 pct in Q4 and 2.2 pct overall in 2016

    EconomyMacroeconomy

    when figures are available. From the peak of 102.2 recorded in Q3 2008, the index has posted a nosedive

    2%

  8. Greece cleared arrears of 3.1 billion in 2016

    EconomyMacroeconomy

    billion at the end of June, while it has been reduced thereafter largely due to arrears payments

    2%

  9. Budget execution starts 2017 with primary balance outperformance on target-beating revenues
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    with ESA principles. It has also restated last year’s figure. Interest payments soared 55.2 percent

    2%

  10. Bill for out-of-court workout ready but may need tweaks

    EconomyProgramme

    The Development Ministry has tabled for public consultation until March 3 the draft law on the out-of-court workout, which is one of the key deliverables of the second programme review and also relates to the non-performing loan (NPL) resolution. It includes the government proposals, which have

    2%