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  1. Job hirings outpace departures by 55,494 in March
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    The employment balance strengthened in March as hirings outpaced departures by 55,494, data from the Labour Ministry’s Ergani information system revealed. Compared to March 2017, the balance is higher by 16,977. The report noted that the reading for March is the highest balance recorded

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  2. OECD report outlines steps to reduce burgeoning poverty rate in Greece
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    improves, falling further to just over 10 percent of GDP in 2070. Greece’s social spending is followed

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  3. Hirings balance hits record high of 100,246 in April
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The employment balance showed a strong improvement in April as hirings outpaced departures by 100,246, data from the Labour Ministry’s Ergani information system revealed. April marks the third consecutive month where a positive hirings balance has been noted in the Greek job market. Compared

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  4. Car sales increase by 29.3 pct in April and by 32.2 pct in four-month period
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time rose by 29.3 percent in April, increasing against March’s figure of 23.9 percent, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. Car sales for the month came to 17,283 compared to April 2017 when the absolute figure

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  5. Building activity up by 5.4 pct in Feb, permits remain below 1,000

    EconomyMacroeconomy

    was issued in western Macedonia with 11. Greece’s construction sector has remained subdued in recent years

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  6. Concerns raised about next year's pensions cuts
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    ’s plans to bring it down close to zero by August. Longstanding challenge Pensions have been a major

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  7. Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyProgramme

    The safeguarding of financial stability is one of the pillars of Greece’s third programme and the Supplemental Memorandum of Understanding (sMoU) has a section dedicated to the banking sector, with the focus on the secondary market for Non-Performing Loans (NPLs), debt restructuring and insolvency

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  8. Overdue social security debt at 31.87 bln in Q1, debtors at 1.2 mln
    By Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    318.8 billion in Q4. The current quarter’s figure is 41.4 percent higher than that for the relevant

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  9. Retail sales up by 1.2 pct in March on higher activity in dept stores, clothing

    EconomyMacroeconomy

    Greece’s retail sales index increased by 1.2 percent in March 2018, following a decline by 0.4 percent year-on-year in February, according to data published by the Hellenic Statistical Authority (ELSTAT) on Thursday. The headline index has been growing in three out of the last four months that data

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  10. Capital controls eased, allowing larger withdrawals and doubling limit on business transfers abroad
    Photo via Flickr https://flic.kr/p/4hVnhM

    EconomyMacroeconomy

    Greece’s Finance Ministry (MoF) announced on Thursday that the capital controls introduced in the summer of 2015 will be further relaxed from Monday as part of an effort to fully abolish them not long after the end of the programme. The conditions for withdrawals and transfers will be amended from

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