Economy
Economic sentiment and consumer confidence recover some ground in May
Greece’s economic sentiment (ESI) improved in May, with the index at 107.5 points, from 105.8 in the previous month, according to European Commission figures released on Thursday.
Brussels flags downside risks for Greece as conflict‑driven inflation surges
The European Commission published last week its latest spring economic forecasts, becoming the latest institution to confirm that the unresolved Iran conflict will be a key factor shaping this year’s economic outcomes.
Strong Q1 for tourism as receipts rise by 64 pct YoY
Greece's travel balance recorded a surplus of 409.6 million euros in March, compared to 284.8 million euros in February, according to data released by the Bank of Greece (BoG) on Monday.
Timing factors and contained spending keep primary balance 2.89 bln above target in April
The budget primary balance was confirmed at a surplus of 5.19 billion euros for April2026, compared to a surplus of 1.85 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
Current account deficit at 2.34 bln in Mar, up to 6.96 bln in Q1
Greece’s current account recorded a deficit of 2.34 billion euros in March, Bank of Greece (BoG) data released on Friday showed.
EC forecasts slower growth, higher inflation as energy shock strikes
The European Commission released on Thursday its latest spring forecasts, projecting that Greece’s economic growth will slow gradually over the next three years as higher energy prices weigh on household incomes and consumer spending.
Refined oil products propel 27.4 pct YoY rise in March industrial turnover
Greece’s industrial turnover recorded a sharp rise of 27.4 percent year-on-year (YoY) in March, from a drop of 4.8 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Central government debt drops to 400.52 bln in Q1 due to lower repos
Greece’s central government debt recorded a drop of roughly 5.5 billion euros to 400.52 billion euros in Q1 2026, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.
Alpha Bank Q1 NII rises by 5.3 pct, commission income soars by 29 pct
Alpha Bank reported a net profit of 181.5 million euros in Q1, compared to a profit of 218.5 million euros in Q1 2025, a drop of almost 17 percent.
Greece braces for major inflation shock as Middle East standoff continues
With the war in Iran far from settled and the main choke point for global energy and trade still in place - as the Strait of Hormuz remains essentially shut - newly released data points to a severe inflation shock for the Greek economy.