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Decline in retail sales accelerates to 8 pct in May
EconomyMacroeconomyGreece’s retail sales index accelerated its decline in May, falling by 8 percent year on year from a revised 4.4 percent drop in April, according to data released by ELSTAT on Friday. The volume index recorded a drop of 6.4 percent compared to the same period last year, from 2 percent
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Minor uptick in time deposit and average loan interest rate in June
EconomyMacroeconomylow since Greece’s euro accession in 2002. Loans Corporate loan rates for amounts less than 1 million
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Finance Ministry says revenues beat revised target by 105 mln in July
EconomyProgrammeIn response to Wednesday’s press reports noting that net revenues in July fell short of their target by more than 500 million euros, the Finance Ministry (MoF) clarified via a non-paper that July revenues actually outperformed, but compared to a revised target. Preliminary figures from the General
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New tax arrears rise by 1.22 bln in June, total stock almost at 90 bln
EconomyMacroeconomyGreece’s new unpaid taxes increased by another 1.22 billion euros in June, in line with the 1.25 billion rise recorded in May, General Secretariat of Public Revenues (GSIS) data displayed on Thursday. The headline figure for June is the second straight reading above the 1.2-billion-euro mark, after
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SETE study presents short- and longer-term prospects of Greek tourism
EconomyMacroeconomyfor tourism enterprises conducted by SETE Intelligence shows that Greece’s score stands at just 42
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Trade deficit falls by 3.1 pct in June
EconomyMacroeconomyGreece’s trade deficit dropped by 3.1 percent in June after a double-digit increase in the preceding two months, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The headline figure for June is the third negative reading and the smallest of the three in the course of 2016
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After calm summer, hectic September lies ahead for Greek government
EconomyProgrammeDevelopment Fund (HRADF) following a new shareholder agreement with Deutsche Telekom, OTE’s major
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Recent steady rise in refugee arrivals pose extra challenge for Greece
PoliticsForeign Policyof concern about whether the EU-Turkey agreement will hold. Greece’s biggest fear
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Greece's latest GDP figures and what to expect for the rest of the year
Agorapercent, while the rating agencies are more pessimistic. Moody’s and S&P forecast a recession of 0.7
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Budget primary surplus of 3.6 bln by July, monthly revenues short of target by 315 mln
EconomyMacroeconomyGreece’s budget primary surplus slipped by 3.8 percent to 3.57 billion euros in the 7-month period of 2016 from 3.71 billion last year, the Finance Ministry (MoF) preliminary budget execution bulletin showed on Tuesday. The headline figure for this year outperformed the target by 2.7 billion
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