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Government touts upgrades to civil protection amid early start to wildfire season
The first wildfires of the season have put the Greek authorities on high alert, with the political leadership set to outline upgrades to the response mechanism in reaction to the catastrophic experience of recent years.
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PM aims to mend ties with church and stem loss of right-wing voters
Prime Minister Kyriakos Mitsotakis is due to appear alongside the head of the Church of Greece, Archbishop Ieronymos, later this week as New Democracy steps up its efforts to repair its relationship with right-wing voters ahead of this summer’s European Parliament elections.
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ECB study finds Greeks overburdened by housing costs, most likely to miss payments
The European Central Bank published this week research, based on the ECB’s Consumer Survey, that analyses housing costs for the eurozone’s eleven largest countries which captures the rising housing spending, on expenditures related to rents or mortgages, home maintenance and utility bills.
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Fiscal data for 2023 indicates that 2.1 pct of GDP goal is within reach
In the context of the first Excessive Deficit Procedure (EDP) notification of 2024, the fiscal data for the 2020-2023 period was released by ELSTAT on Monday. The figures contained encouraging signals for the Greek authorities as the fiscal framework becomes tighter and Greece aims to achieve large primary surpluses in the coming period.
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Travel balance rises in Feb as arrivals jump by 20.7 pct in first two months
Greece's travel balance recorded a surplus of 111.7 million euros in February, compared to 112.6 million euros in January, according to data released by the Bank of Greece (BoG) on Monday.
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Podcast - Whose property? Greece’s housing challenges
After going through a really difficult time during the country’s long economic crisis, the Greek property market is booming, but that's creating a whole new set of problems.
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Can the Green Transition be just?
The European Green Deal (EGD) is essentially the EU’s development strategy for 2050. Its central goal is for Europe to become, by the middle of the century, the first climate-neutral continent, namely, to reach a point where greenhouse gas emissions from all sectors of the economy are fully offset by carbon dioxide removals, either naturally or through various technologies.
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Politics
ND seeks ban on far-right party running in EP elections
With just seven weeks left until the European Parliament elections, New Democracy has stepped up its efforts to stub out any threats that could emerge to the right of the conservative party.
Greece and Turkey move ahead with talks on Confidence Building Measures
Signs of rally for ND despite strong dissatisfaction among voters
Economy
S&P ups outlook to positive, leaves rating at 'BBB-'
S&P published the latest credit rating review for Greece, where the rating was left unchanged at ‘BBB-‘, while the outlook was upgraded from stable to positive. S&P had granted the investment grade to GGBs in October last year, followed by Fitch in December.
Industrial turnover grows by 3.1 pct in Feb, led by mining and domestic market
Current account records sharp deficit of 3.16 bln in Feb as goods balance deteriorates
Society
Inequality rises marginally in 2023, with 1.9 mln Greeks at risk of poverty
The two main metrics of income inequality in Greece were released by ELSTAT in its 2023 survey on Wednesday, suggesting that the picture remained broadly stable, based on the 2022 income reference year, with small increase in both.
Workers lost almost 9 pct of real income last year, research shows
Latest census data shows demographic challenge is here as population shrinks, ages
Agora
Podcast - How much is Greece getting out of the RRF?
In the wake of the Covid pandemic, the European Union launched the Recovery and Resilience Facility (RRF) - a package of around 700 billion euros to help member states recover from the economic impact and build for the future.
Podcast - Between investment grade and rule of law: Greece's contrasting images
Where is Greek growth coming from?