Economy
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.
Pension policy U-turn highlights government’s election concerns
There are increasing signs that the upcoming elections are playing a dominant role in the Greek government’s decision‑making process, and last week’s decision to scrap an intervention on bereavement support (known in Greece as “widows’ pensions”) sends a strong signal that the prospect of calling snap polls after the summer is not a remote possibility.
Jobs in tourism push May hiring balance upwards
Greece’s employment balance in May had 132,730 more hires than departures, according to data from the Labour Ministry’s ERGANI information system.
PBO sees resilience in economy, revises growth outlook slightly down
In its latest quarterly report, the Parliamentary Budget Office (PBO) argues that the Greek economy is currently navigating a complex global landscape, showing remarkable resilience despite geopolitical tensions.