Economy
Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
Greece's travel balance recorded a surplus of 2.02 billion euros in May, compared to 735.9 million euros in April, according to data released by the Bank of Greece (BoG) on Wednesday.
Record travel receipts and narrower trade deficit reflected in current account up to May
Greece’s current account deficit narrowed in May to 960.2 million euros, from 1.39 billion euros in the previous month, Bank of Greece (BoG) data released on Tuesday showed.
Energy and domestic market drive industrial turnover growth of 14.1% YoY in May
Greece’s industrial turnover recorded another sizable rise of 14.1 percent year-on-year (YoY) in May, from a jump of 23 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
Primary surplus up to June at 4.48 bln as taxes continue to outperform, spending contained
The budget primary balance landed at a surplus of 4.48 billion euros up to June, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday.
Greece relies on labour, VAT and green taxes more than any EU member
According to the European Commission’s Annual Report on Taxation 2026, Greece is currently balancing a high tax burden on labour with some of the most aggressive digital modernisation efforts in the eurozone.
Energy continues to drive import prices as May sees 13.3% YoY rise
Greece’s import price index rose sharply by 13.3 percent year-on-year (YoY) in May, after a jump of 18.4 percent in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
New passenger cars push June sales to highest since 2010
There was a solid increase in the number of vehicles going into circulation for the first time in June, when they rose by 8.3 percent year-on-year (YoY) in June, after an increase of 4 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Industrial production accelerates to 3.9% YoY in May, led by electricity supply
Greece’s Industrial Production Index (IPI) picked up pace in May with a rise of 3.9 percent year-on-year (YoY), from 2.1 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
CPI decelerates to 4.4% YoY in June, housing costs up 10.6%
Greece’s Consumer Price Index (CPI) growth modestly decelerated in June with a rise of 4.4 percent year-on-year (YoY), from 5.2 percent in the previous month, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT).
Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
Greece’s trade deficit continued its sharp decline in May with a 15.7 percent year-on-year (YoY) drop, after a fall of 25.2 percent in April, according to data released by ELSTAT on Wednesday.