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Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomyconsumption increased 1 percent QoQ and 2.5 percent YoY accelerating from the reported growth rates in Q1... point to a slight decrease of 0.4 percent in total exports with exports of services up 2.1 percent and exports of goods down 2 percent. A key component of services’ exports is related to tourism which
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Unemployment rate edged up to 25.2 pct in June
EconomyMacroeconomyprovided by the Manpower Employment Organisation (OAED) for July showed registered jobless rose by 2... benefit resumed again above the 10-percent mark, at 10.6 percent of total in July from 8.4 percent... that of females displayed a slower drop by around 1 pp to 29.5 percent. Similarly to the previous
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Greek stocks edge up in week of big losses for banks
EconomyThe domestic market rebounded by 1 percent this week but the key development was the huge losses... for the disbursement of the next sub-tranche of 2 billion and the transfer to the Hellenic Financial... it covered its total capital needs of 2.04 billion via the institutional equity offering
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2015 primary surplus exceeds target as revenues outperform and expenditure is reined in
Economyexpenditure related to the social security sector after the disbursement of the last sub-tranches of 2 and 1... and 4.1 percent for the full year to 5.8 billion, in line with target. Overall, total expenditure
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Travel receipts rise 16 pct in Nov as surplus soars 84.3 pct
EconomyMacroeconomyby 5.7 percent in 2015. SETE expects total international arrivals to reach 26 million in 2015, which would mean a rise of 2 million compared to the 2014 figure. Direct tourism revenues are seen at 14.5 billion euros in 2015, up by 1 billion over 2014 figure.
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Deadline for liberalisation of household and SME NPLs looms closer
Economyfor the disbursement of the last sub-tranche of 1 billion euros. Until February 15 only NPL sales of large... the NPE ratio was estimated to have risen by 2 percentage points close to 44 percent at the end.... In absolute terms, market sources indicate that from the total NPE figure of 108 billion euros
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Newsletter 61 - 05/02/2016
of understanding target for pension cost savings of 1 percent of GDP (1.8 billion) in 2016... numbers rose slightly, output charges and input costs decreased. 2 Counting the cost of migration... of Congo and Ukraine. The first month of 2016 showed a further increase in total refugee numbers
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Tsipras seeking repeat of full support from coalition MPs in upcoming bailout vote
PoliticsGreek Politicsbillion euros (1 percent of GDP) in mostly indirect tax rises, the framework for the sale of non... for further interventions of up to 2 percent of GDP. The Finance Ministry revealed on Tuesday...-bill through. If he is able to secure the total support of the government’s MPs, though
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Newsletter 75 - 27/05/2016
programme review. The bill included parametric fiscal measures yielding 1 percent of GDP by 2018, opened... to the reduction in FSM loans by 1.42 billion. Where now 10.3 bln tranche? From the total amount... will be used for the clearance of arrears. 2 Paddling with a wooden spoon Tsipras may have missed his best
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Deal for Hellenikon sealed; gov't sees improved terms, economic boost ahead
Economyby Lamda. According to HRADF, Lamda Development accepted to undertake total investments of 8 billion euros, 2 billion higher than the 6 billion envisaged in the initial agreement. In addition, 80 percent... expected to result in an incremental rise of 1 million tourists per annum, Lamda Development said
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