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  1. UN steers clear of Cyprus blame game as focus moves to hydrocarbons
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsForeign Policy

    of blocks 1, 6 and 7 of Cyprus’ EEZ, to the west and southwest of the island. The effective dates... in blocks 1, 6 and 7, while the Cyprus Republic's right to conduct hydrocarbon research has been

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  2. Greeks deeply pessimistic about future but confidence in euro persists
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    of those with a negative view improved by 5 percentage points, while the Greek results worsened by 1... thought that the economic situation in Greece would worsen in the next year, an increase of 1

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  3. Capital controls to ease further from the beginning of September
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Individuals will be able to withdraw a lump sum of up to 1,800 euros per calendar month from September 1 as part of government moves to further relax the capital controls in place since 2015..., or 1,680 across a total of 28 days. Additionally, from September 1, it will be possible to withdraw up

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  4. Rise in foreign arrivals pushes travel receipts up by 14.2 pct in June
    Photo by Aggeliki Koronaiou/Fosphotos

    EconomyMacroeconomy

    countries displayed the strongest rise, increasing by 19.7 percent to 1 million. The aggregate.... Furthermore, travel receipts are foreseen to increase by at least 1 billion and range between 14.2-14.5

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  5. Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
    Photo by MacroPolis

    EconomyBanking

    to 1 billion, while interbank repos stood at 5.8 billion in August rebounding from the recent low... Equity Tier 1 (CET1) ratio edged up by 10 basis points (bps) QoQ to 17.4 percent in Q2. The disposal

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  6. Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
    Photo by MacroPolis

    EconomyBanking

    to the reclassification of 69 million from loan impairments. Operating expenses edged up 1 percent QoQ to 292... exchanged in H1 due to the implementation of the short-term debt relief measures. The Common Equity Tier 1

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  7. NBG reports net losses in Q2, NPEs down for fifth straight quarter
    Photo by MacroPolis

    EconomyBanking

    the domestic core banks. Capital The Common Equity Tier 1 (CET1) ratio stood at 16.5 percent in Q2, while... and liquidity by around 80 bps and 1 billion respectively. The positive impact on capital stems

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  8. Unemployment falls to 21.2 pct in June, lowest since Dec 2011
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    to May, to total 1 million in June. The labour force rose slightly to 4.8 million in June... at 961,000, going below the 1 million mark for the first time since October 2011. Those employed rose

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  9. CPI up by 0.9 pct in August, staying positive for eighth consecutive month
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) rose by 0.9 percent in August, edging down from July’s figure of 1 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday. August’s headline figure is the eighth consecutive positive reading after four years, although it has fallen below the 1

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  10. Wages index improves 0.5 pct in Q2, rises 1.8 percent QoQ
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The seasonally adjusted (SA) Wages Index rebounded for the seventh successive quarter by 0.5 percent year on year (YoY) in the second quarter (Q2) of 2017 after edging up by 1 percent in the previous... figure of 1 percent. On a quarter-on-quarter basis, an increase of 10.7 percent was noted.

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