Displaying items by tag: Economy

In today's Markit report, it was announced that Greece's seasonally altered Purchasing Managers' Index decreased to 49.4 points last month, from May's 51 point score.

An approximated 16 billion euros has been lost by the Hellenic economy, due to the postponement of state payments and business transactions, amounting to almost 9% of its GDP in 2014.

Yesterday, the Bank of Cyprus stated that it will downsize its EBC funding dependency by €0.95 billion, as a result of a government bond repayment portion.