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Tourism helps bring Greek unemployment down to 26.4 pct in July
EconomyMacroeconomyof the strong tourism season. The slowdown of the seasonally-adjusted jobless rate in July reflects a 1... is an increase by 34,200 from the June figure. However, the cumulative drop over the past 5 years stands... and 45-54) posted a much lower drop YoY and landed at 35.4, 22.3 and 20.4 percent respectively
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European Commission says 2014 is a turning point for Greece as growth resumes
Economyquarter of 2014, while a strong figure is expected for the third quarter. Although EC did not alter its GDP headline projections, its estimates on GDP components now show a slower drop in private.... The drop in unemployment in the next two years is attributed to pick-up in investment, continuation
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Newsletter 13 - 30/01/2015
and investors. Big drop in deposits There was a big drop in private sector deposits in December. They fell... by the SYRIZA-led coalition government following the 25 January elections constitutes a strong political
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Newsletter 15 - 13/02/2015
, unchanged from the previous month. There was, however, a drop in the number of employed by 0.8 points... of employed dropped by 27,700 MoM to 3.54 million. November's figures showed the first drop... by the coalition and the strong backing it has received. They are unsure whether to attack it for being
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Greek travel receipts rise 9.1 pct in January as surplus doubles
EconomyMacroeconomy, were to a large extent offset by a remarkable drop in the travel spending per trip by 27 percent to 277 euros. The breakdown of incoming tourist activity by country showed strong growth in arrivals... Chairman Andreas Andreadis recently said that the euro’s drop against the US dollar to almost a 1:1
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Rare rebound for industrial production with 1.9 pct rise in Feb
EconomyMacroeconomyrevised marginal drop of 0.2 percent in January, according to the Hellenic Statistical Authority (ELSTAT... and optical products excelled surging by 39.5 percent. Strong growth rates were also recorded in tobacco... products (+16.1 percent) and beverages (+13.3 percent). On the flipside, the sharpest drop was posted
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Industrial production shoots up by 5 pct in March for highest rise since 2007
EconomyMacroeconomy. On the flipside, mining and quarrying production posted a double-digit drop (-12.3 percent), while... to the strong rebound in March. Similarly to the March performance, the 3-month rise mainly reflects.... In contrast, mining and quarrying production posted a double-digit drop (-11.9 percent) with electricity
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Greek SMEs face biggest obstacles to finance in euro area, ECB finds
EconomyMacroeconomytheir eurozone peers. Starting from the turnover and profit dynamics, the survey showed a strong deterioration... for Greek SMEs fell by 28 percent, the highest drop in the euroarea, signaling the significant... support also fell at an accelerating pace of 51 percent from a 36 percent drop reported
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Industry turnover down by 2.3 pct in April for sixth straight fall
EconomyAuthority (ELSTAT). The April headline figure is the sixth straight monthly drop and the eleventh...-domestic market rose by 2.3 percent. The breakdown of the latter showed a marginal drop (-0.2 percent... percent). On the flipside, strong growth was posted in motor vehicles and trailers (+126.3 percent
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Greek stocks down 15.2 in first week of trading after market closure
Economycontrols was accompanied by a sell off exceeding 16 percent on the first trading session. The drop..., while erased only a fraction of those losses in the strong rebound of almost 18 percent on Thursday... million and a double-digit drop (-16.9 percent) in EBITDA to 44 million. On Thursday, the Hellenic
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