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Capital controls to ease further from the beginning of September
EconomyMacroeconomyIndividuals will be able to withdraw a lump sum of up to 1,800 euros per calendar month from September 1 as part of government moves to further relax the capital controls in place since 2015..., or 1,680 across a total of 28 days. Additionally, from September 1, it will be possible to withdraw up
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Rise in foreign arrivals pushes travel receipts up by 14.2 pct in June
EconomyMacroeconomycountries displayed the strongest rise, increasing by 19.7 percent to 1 million. The aggregate.... Furthermore, travel receipts are foreseen to increase by at least 1 billion and range between 14.2-14.5
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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankingto 1 billion, while interbank repos stood at 5.8 billion in August rebounding from the recent low... Equity Tier 1 (CET1) ratio edged up by 10 basis points (bps) QoQ to 17.4 percent in Q2. The disposal
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBankingto the reclassification of 69 million from loan impairments. Operating expenses edged up 1 percent QoQ to 292... exchanged in H1 due to the implementation of the short-term debt relief measures. The Common Equity Tier 1
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBankingthe domestic core banks. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.5 percent in Q2, while... and liquidity by around 80 bps and 1 billion respectively. The positive impact on capital stems
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Unemployment falls to 21.2 pct in June, lowest since Dec 2011
EconomyMacroeconomyto May, to total 1 million in June. The labour force rose slightly to 4.8 million in June... at 961,000, going below the 1 million mark for the first time since October 2011. Those employed rose
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CPI up by 0.9 pct in August, staying positive for eighth consecutive month
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 0.9 percent in August, edging down from July’s figure of 1 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday. August’s headline figure is the eighth consecutive positive reading after four years, although it has fallen below the 1
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Wages index improves 0.5 pct in Q2, rises 1.8 percent QoQ
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index rebounded for the seventh successive quarter by 0.5 percent year on year (YoY) in the second quarter (Q2) of 2017 after edging up by 1 percent in the previous... figure of 1 percent. On a quarter-on-quarter basis, an increase of 10.7 percent was noted.
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Third review agenda becoming more complex for Tsipras
PoliticsGreek Politicsalready has to implement 1 percent of GDP in pension cuts in 2019. Having to raise the equivalent of another 1 percent of GDP from lowering the tax-free ceiling the same year could scupper the prime
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Unemployment rate edges down to 21.1 pct in Q2, lowest since Q4 2011
EconomyMacroeconomy. This change was driven mostly by a fall in the number of unemployed by 95,500 to 1 million, along... unemployed (over 1 year) fell to 752,000 for a second straight quarter. Out of the total, long-term
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