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  1. Greece's antitrust damages initiative comes into force
    Photo by Panayotis Tzamaros/Fosphotos

    Legal

    On April 23, 2018, Greece issued Law 4529/2018 implementing the EU Antitrust Damages Directive 2014/104/EU (“the Antitrust Damages Directive”). The law has been enforced with retroactive effect from December 27, 2016 to comply with the deadline set by the directive for its implementation. The law

    2%

  2. Trade deficit falls by 23.1 pct in March on growing exports, falling imports
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    the seventh month in a row where the value of imports has remained above the 4-billion euro mark

    2%

  3. Lower yields for short- and long-term borrowing boost Athens
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in February has been steadily improving since, dropping to 3.87 percent at the end of April, having lost some

    2%

  4. Building activity up by 5.4 pct in Feb, permits remain below 1,000

    EconomyMacroeconomy

    was issued in western Macedonia with 11. Greece’s construction sector has remained subdued in recent years

    2%

  5. March current account deficit at 955.8 mln on improvement in goods balance
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in this year has improved by 456.6 million euros. The main driver behind the reduction of the deficit

    2%

  6. Concerns raised about next year's pensions cuts
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    for Economic Co-operation and Development (OECD), Greece has one of the highest projected old-age

    2%

  7. Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyProgramme

    The safeguarding of financial stability is one of the pillars of Greece’s third programme and the Supplemental Memorandum of Understanding (sMoU) has a section dedicated to the banking sector, with the focus on the secondary market for Non-Performing Loans (NPLs), debt restructuring and insolvency

    2%

  8. Overdue social security debt at 31.87 bln in Q1, debtors at 1.2 mln
    By Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    period in 2017, despite a decline of 18.1 million QoQ. Overall, KEAO has collected revenues of 3.16

    2%

  9. Capital controls eased, allowing larger withdrawals and doubling limit on business transfers abroad
    Photo via Flickr https://flic.kr/p/4hVnhM

    EconomyMacroeconomy

    in the system has been shaken and most respondents were not optimistic about the complete lifting

    2%

  10. Building permits fall by 2.3 pct in March, absolute permits rise above 1,000
    Photo by MacroPolis

    EconomyMacroeconomy

    rose by 11.8 percent while volume rose by 4.2 percent. Greece’s construction sector has remained

    2%