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  1. Unpopular but effective property tax returns for another year

    EconomyMacroeconomy

    Minister Giorgos Houliarakis recently said that 6 million households will pay the same or even lower... of the year, around 6 billion more than those (22.4 billion) collected in the first half. ENFIA

    13%

  2. Greek stocks remain flat during week, banks underperform

    Economy

    percent. Banks remained volatile with notable losses of 5–6 percent on Monday and Thursday followed... (+8.6 percent), Terna Energy (+6 percent) and Aegean Airlines (+4.9 percent). The biggest losses

    13%

  3. CPI drops at a slower pace of 0.5 pct in October
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    textiles (-6 percent) and purchase of motorcars (-6 percent). In contrast, prices in alcoholic

    13%

  4. IMF far more pessimistic than eurozone on Greek debt, urges significant relief
    Photo by Panayiotos Tzamaros

    EconomyProgramme

    of 6 percent, which is consistent with a risk-free rate of 1-1.5 percent plus a risk premium... grace extensions until 2040, which means an extension of the current grace periods from 6 years

    13%

  5. New attempt to get Cyprus talks back on track
    Photo by Andrea Bonetti/Fosphotos

    PoliticsForeign Policy

    , the cabinet approved the contracts for the third round of oil and gas tenders for blocks 6, 8 and 10... and Italy’s Eni and France’s Total for block 6. Eni also won block 8. Nicosia is worried about

    13%

  6. Stocks finish week on high after progress at Eurogroup
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    Exchanges (+6.7 percent) and Alpha (+6 percent). On the flipside, the biggest declines were posted... losses stood at 6 million in 2016 compared to 60 million a year ago, while its turnover fell by 5

    13%

  7. Ankara directs ire at Athens over ruling on soldiers as Cyprus talks drift
    Photo by Andrea Bonetti/Fosphotos

    PoliticsForeign Policy

    , including block 6, for seismic research and military exercises with live ammunition. Block 6

    13%

  8. Deposit interest rates broadly stable in March, average loan rate down slightly
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    successive month by 6 bps to 4.47 percent, which is a new record-low since 2002. Overall, the modest drop in the average loan rate coupled with the stable deposit rate resulted in a slight drop of 6 bps

    13%

  9. Stocks record weekly losses of 0.7 pct in wake of inconclusive Eurogroup
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    , the top underperformers included Piraeus Bank (-7.6 percent), Ellaktor (-6 percent) and Folli-Follie (-5.5... percent quarter on quarter (QoQ) to 259 million. Piraeus Bank trimmed net losses to 6 million in Q1

    13%

  10. UN steers clear of Cyprus blame game as focus moves to hydrocarbons
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    of blocks 1, 6 and 7 of Cyprus’ EEZ, to the west and southwest of the island. The effective dates... in blocks 1, 6 and 7, while the Cyprus Republic's right to conduct hydrocarbon research has been

    13%