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  1. Current account deficit improves significantly, reaching 6.62 bln up to Aug
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account recorded a surplus of 1.1 billion euros in August, from a surplus of 938.4.... Total imports came to 5.48 billion euros in August, from 6.29 billion last year. At the same time, total... in August 2024. The total services balance was 4.43 billion euros, from 4.33 billion last year. During

    5%

  2. Current account deficit improves significantly in 9M, falling to 7 bln
    By Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    of 1.1 billion euros in August, Bank of Greece (BoG) data released on Thursday showed. In September..., from 3.14 billion euros in the same month last year. Total imports came to 6.89 billion euros in September, from 7.18 billion last year. At the same time, total exports came to 4.15 billion euros, from

    5%

  3. Quarterly unemployment stable at 8.3 pct in Q4 as labour market continues to improve
    Photo by MacroPolis

    EconomyMacroeconomy

    to the tourism sector peak in Q3 each year and the build-up in hiring for the high season in Q2. A total... employed amounted to 4.31 million in Q4, decreasing by 1.1 percent compared to the previous quarter... percent of the total unemployed. Alarmingly, the largest portion, 100,100, has not worked for more than

    5%

  4. Unemployment jumps to 10.6 pct in Q1 - highest in two years
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    peak in Q3 each year and the build-up in hiring for the high season in Q2. A total of 508,401 people... unemployed (more than 1 year) came to 248,900 people, representing 49 percent of the total unemployed. Alarmingly, the largest portion, 114,400, has not worked for more than four years, rising by 1.1 percent

    5%

  5. Greek funding needs add to pressure in talks between Athens and lenders

    EconomyProgramme

    for Athens. Starting from this month, Greece has to pay a total of 1.6 billion euros, which comprises 0.7..., obligations rise to 2.5 billion, mainly due to another payment to the IMF of 1.42 billion. Overall, total... of that, funding needs for the last four months of the year total 4.8 billion euros. The cumulative

    5%

  6. The lenders proposals on debt and funding needs that Greeks will vote on in referendum

    EconomyProgramme

    with a potential IMF tranche of 3.5 billion, bringing the total amount that could be disbursed to Greece... and 5.5 billion to payments to the IMF. The total of 15.5 billion euros coupled with the primary surplus... tranche would amount to 4 billion euros (1.8 billion from the EFSF and 2.2 billion from ex-HFSF

    5%

  7. Newsletter 42 - 11/09/2015

    Newsletters

    injected into the systemic banks, the resolution cost of non-core banks reached a total of 15..., of the total financial envelope of 50 billion that was earmarked for Greek bank recapitalisation... proceeded with capital increases of 8.3 billion in total, with the cancellation of HFSF pre-emption

    5%

  8. Labour Ministry 2015 data shows increase in employment, marginal drop in average wage

    Economy

    employing a total number of 1.67 million employees in 2015. Three quarters of firms were employing up... of the total employees are concentrated. The breakdown by business activity showed 18 percent of firms were... in the retail trade, 10.4 in catering and food services and 10.1 percent in wholesale trade. The total number

    5%

  9. A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors

    EconomyProgramme

    rates applied to the total income) will be replaced by a new progressive scale. Its rates will range from 2.2 percent for incomes between 12 – 20,000 euros up to 10 percent for incomes above 220,000..., and the contributory (variable) pension based on the contributions paid throughout the total number

    5%

  10. Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    decelerating from the upward revised 2.2 percent growth recorded in Q3, which also reflected a low base... public consumption fell by 1.2 percent leading total consumption up modestly by 0.5 percent. According... of the total GDP figure. Investments strongly rebounded by 6.1 percent in the 9-month period, accounting

    5%