Economy
Final 2026 budget foresees stable growth and strong tax performance
The Finance Ministry tabled in Parliament on Thursday the final budget for 2026, which sees growth slightly accelerating, a strong fiscal performance and a downward trajectory for the debt-to-GDP ratio
Industrial turnover jumps by 13.4 pct YoY in Sep for first rise since Jan
Greece’s industrial turnover recorded a strong rebound in September, with a jump of 13.4 percent year-on-year (YoY), from a 1.5 percent drop in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Current account deficit improves significantly in 9M, falling to 7 bln
Greece’s current account recorded a deficit of 408.8 million euros in September, from a surplus of 1.1 billion euros in August, Bank of Greece (BoG) data released on Thursday showed.
EC autumn forecasts project stable growth and fiscal outlook
The European Commission published on Monday the latest autumn forecasts, in which the outlook for Greece remains broadly unchanged, while the effects of the conclusion of the RRF are captured further into the forecast horizon.
Budget underspend carries on in Oct as taxes continue to outperform
The budget primary balance produced a surplus of 10.3 billion euros up to October, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
Fitch rating upgrade concludes another successful year for GGBs
Fitch upgraded Greece’s rating by one notch to ‘BBB’ with a stable outlook. The upgrade reflects the rapid public-debt reduction, sustained budget surpluses, a resilient economy, and stronger banking-sector fundamentals, while long standing external and structural weaknesses continue to weigh on the rating.
Import prices resume growth in Sep, food up 6.9 pct YoY
Greece’s import price index returned to growth in September, with a marginal rise of 0.4 percent year-on-year (YoY), after a 2.4 percent decline in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Car sales remain in forward gear with 7.7 pct YoY rise in Oct
Vehicles going into circulation for the first time rose by 4.1 percent year-on-year (YoY) in October, after a rise of 11.7 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Greek entrepreneurship by numbers: Micro-scale and macro impact
The latest data released by ELSTAT on the demography of Greek businesses for the year 2023 captures the idiosyncrasies of Greek entrepreneurship and adds valuable insight to the debate about Greek competitiveness and the efforts to boost long-term growth potential.
Manufacturing drives industrial production increase of 6.8 pct YoY in Sep
Greece’s Industrial Production Index (IPI) resumed growth in September with a jump of 6.8 percent year-on-year (YoY) drop, after a drop of 2.8 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.