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  1. Retail sales fell by 1.7 percent in June, after a short-lived rise in May
    Photo by MacroPolis

    EconomyMacroeconomy

    sectors. Turnover in department stores (-16.2 percent) recorded the biggest decline followed... respectively. Compared to the previous month (MoM), retail turnover rose by 2.2 percent, mainly due.... Other store categories that showed a MoM decrease in June involved retail sale not in stores (-8.3

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  2. Newsletter 86 - 26/08/2016

    Newsletters

    All Marinopoulos stores will now be rebranded as Sklavenitis under the takeover deal. plan includes a new ten-year bank loan of 360 million at an interest rate of Euribor plus 150 basis points... Marinopoulos employees and stores, which will be rebranded as Sklavenitis. The number of insured

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  3. Newsletter 130 - 04/08/2017

    Newsletters

    that growth was largely spurred by a rise in output plus the third consecutive rise in staff..., stationery and other goods (+5.8 percent), department stores (+4.4 percent) and in retail sales not in stores (+3.6 percent). Declines were observed in pharmaceutical products, cosmetics (-4.7 percent), food

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  4. Govt counts fiscal cost as Greece heads for lockdown extension
    Photo by MacroPolis

    PoliticsGreek Politics

    ’s hopes regarding a reopening of stores. It has also raised questions about why some government... Adonis Georgiadis, who has been pushing for stores to be able to operate again. However, it also comes... for employees on furlough is closer to 650,000. Vaccine certificates On the plus side, vaccinations

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  5. Parties' competing tax pledges come up against challenging reality

    EconomyFeatures

    tax first introduced as an exceptional measure in 2011, currently ranging between 2.2 percent and 10... the top tax rate “considerably” from its current effective rate of 55 percent (45 percent tax plus 10

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  6. Greek CPI drops at slower rate of 2.2 pct in Feb for 24th straight month of deflation

    EconomyMacroeconomy

    The drop in the Greek consumer price index (CPI) decelerated to 2.2 percent in February from 2.8 percent in January, according to the Hellenic Statistical Authority (ELSTAT). Greece has been in deflation since March 2013. Over that last two years, the highest decrease in CPI was posted in November

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  7. Credit contraction further accelerates to 2.2 pct in November

    EconomyMacroeconomy

    Greek bank credit contraction further accelerated to 2.2 percent in November from an upward revised 2 percent in October, Bank of Greece (BoG) figures displayed on Wednesday. The net lending flow stayed negative for the fifth successive month with deductions increasing to 458 million in November

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  8. Apartment prices drop 0.6 pct in Q4 and 2.2 pct overall in 2016

    EconomyMacroeconomy

    in the apartment prices index follows a decelerating trend with the 2016 rate of -2.2 percent being

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  9. Eurosystem funding falls by 2.2 bln in March, ELA drops after brief rise in Feb

    EconomyMacroeconomy

    Greek banks’ Eurosystem funding remained on a downward trend for the 21st successive month in March, falling by 2.2 billion following a slower drop of 1.13 billion in the previous month, Bank of Greece's (BoG) monthly financial statement showed on Tuesday. The outstanding balance of central bank

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  10. Retail turnover falls by 2.2 pct in October, volume declines by 4 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales index fell by 2.2 percent in October after a slight downward revision to 4.5 percent for September, Hellenic Statistical Authority (ELSTAT) data showed on Monday. The headline figure interrupts seven consecutive positive readings and is the second negative reading for the year

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