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  1. Most Greeks saw income fall over last year, limiting purchasing power
    Photo by MacroPolis

    Society

    The results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited. The survey, conducted in cooperation with Alco...

    12%

  2. Increase in number of services that saw their turnover decrease in Q2

    EconomyMacroeconomy

    The evolution of turnover indices for the services sector showed a worsening performance in Q2 2014, with 10 out of the 14 types of services, or specific activities of services as they are referred to, posting a negative growth, according to the Helleni...

    12%

  3. Almost all services in Greece saw decline in Q3

    EconomyMacroeconomy

    The evolution of the turnover indices for the services sector showed a further worsening in the third quarter (Q3) of 2014 with 12 out of the 14 service activities recording a drop, according to the Hellenic Statistical Authority (ELSTAT). In the preced...

    12%

  4. Office prices and rents saw substantial fall in H1 2014

    Economy

    The Bank of Greece (BoG) published on Monday for the first time its commercial property price and rent indices. The released data concerns office and retail price and rent levels of prime investment property and cover the period from the first half (H1)...

    12%

  5. Greek households saw net financial wealth plummet by 37.5 pct during crisis
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Τhe impact on Greek households’ financial wealth and liabilities during the crisis years is examined in a study included in the latest statistical bulletin published by Bank of Greece on Wednesday. The study showed that the net financial wealth of Greek...

    12%

  6. Newsletter 423 - 17/05/2024

    Newsletters

    vote to elect Greece’s MEPs. The joint press conference held by the two leaders saw the men praise... of 1.3 pct, from a rise of 0.4 pct in the previous month. In terms of industries, energy rose... of the agreement, former North Macedonian PM Zoran Zaev, announced that they would be bringing forward the date

    12%

  7. Greece and lenders trap themselves over labour reforms
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    social model.” At least, that is what European Economic Affairs Commissioner Pierre Moscovici told MEPs..., the European Commission wants Greece to return to the EU social model but is apparently unwilling... the start of the crisis, making its labour market far more flexible and bringing down unit labour costs

    12%

  8. BoG outlines steps to economic recovery, updates on banks' asset quality
    Bank of Greece

    EconomyMacroeconomy

    by restoring economic and political stability, rapid shift of the domestic production model from non...) Acceleration of reforms in a number of areas such as the services sector and network industries

    11%

  9. NOME auctions as a mechanism to strengthen competition in the Greek electricity market
    Photo via https://flic.kr/p/bwZLC3

    Legal

    . The NOME mechanism (Nouvelle Organisation du Marché de l'Electricité) is based on the French model of concluding bilateral agreements between the electricity production and distribution industries

    11%

  10. BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
    Photo by MacroPolis

    EconomyBanking

    model by financing tradable industries. BoG analysts note that the current stock of NPEs has

    11%