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  1. New overdue taxes climb 1.4 bln in Aug, total stock edges up to 91.6 bln

    EconomyMacroeconomy

    Greece’s new tax debt climbed to 1.37 billion euros in August from 811 million in July, General Secretariat of Public Revenues (GSPR) data shows. The August headline figure represents the second highest reading for this year after the peak of 1.46 billion posted in January. GSPR figures

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  2. Retail sales rebound by 7.1 pct in July for first time in thirteen months
    Photo by MacroPolis

    EconomyMacroeconomy

    The turnover of Greece’s retail trade index strongly rebounded by 7.1 percent in July after a drop of 5.2 percent in June, Hellenic Statistical Agency (ELSTAT) figures displayed on Friday. The July headline figure is the first positive reading since May 2015 and the highest since March 2010

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  3. Greek stocks drop 1.5 pct during week, banks post losses of 7.7 pct
    Photo via www.helex.com

    Economy

    The Greek equity market edged down 1.5 percent this week, amid lack of investor interest, after a brief rebound of 2.6 percent last week. Following the voting of the multi-bill on Tuesday, the government pledged at Thursday’s Eurogroup Working Group to implement the remaining three prior actions

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  4. Unemployment rate falls for second straight month, reaching 23.2 pct in July
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate dropped for the second successive month in July, when it fell to 23.2 percent from 23.4 percent in June, the Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday. The latest headline figure is the lowest unemployment

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  5. Trade deficit rises 11.6 pct in Aug on slight increase in imports and stable exports
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    Greece’s trade deficit expanded by 11.6 percent in August, after surging by 88.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The double digit rise largely reflects an increase in imports by 4.1 percent, while exports eased 0.1 percent. Imports headed north

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  6. Eurogroup clears 1.1 bln, waits for arrears clearance data to release remaining 1.7 bln

    EconomyProgramme

    that “we must build a success story for Greece.” He also added that following Monday’s decision the focus

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  7. New regime on electricity producers from RES/CHP stations foresees further investments in Greek energy market

    Legal

    services, proactive guidance and practical expertise in its selected practice areas, while meeting today’s

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  8. September drop of 3.1 bln is 15th straight month of decline in Eurosystem funding
    Photos by Dennis Skley via Flickr https://flic.kr/p/qcppmH

    EconomyMacroeconomy

    , lower haircut applied on ELA collateral and participation of Greek banks’ EFSF holdings in the ECB’s

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  9. ELSTAT revises nominal 2015 GDP contraction to 1.3 pct

    EconomyMacroeconomy

    In its second estimate of the annual national accounts for 2015, the Hellenic Statistical Authority (ELSTAT) revised downward the drop in nominal GDP to 1.3 percent from the 0.9 percent initially announced on March 4. This means that the Greek economy’s recession (in nominal terms) was deeper than

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  10. Greek stocks on the rise again, end week 2.1 pct up
    Photo via www.helex.com

    Economy

    once data for September is available. The market’s focus will now shift towards the second programme

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