Economy
Travel surplus shrinks up to Feb as payments rise sharply
Greece's travel balance recorded a surplus of 90 million euros in February, compared to 87.5 million euros in January, according to data released by the Bank of Greece (BoG) on Tuesday.
Feb current account deficit improves YoY to 2.49 bln as impact of energy moderates
Greece’s current account was in deficit in February of 2.49 billion, from a surplus of 1.2 billion euros in January, Bank of Greece (BoG) data showed.
S&P moves Greece further into investment grade with 'BBB' rating, stable outlook
This year’s cycle of rating reviews for Greece have stated strongly as S&P became the latest agency to upgrade GGBs by one notch to ‘BBB’, a step further into the investment grade. S&P also revised the outlook to stable, from positive.
Solid taxes and significant underspend push primary surplus 3.88 bln above target in Q1
The budget primary balance ran a surplus of 4.49 billion euros in Q1, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday.
Car sales rise 4.9 pct YoY in Mar, down 1.7 pct in Q1
Vehicles going into circulation for the first time grew by 6.9 percent year-on-year (YoY) in March, after a decrease of 1.2 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Energy leads drop as import price index falls by 0.5 pct YoY in Feb
Greece’s import price index posted a marginal drop in February, with a 0.5 percent year-on-year (YoY) decrease, after a 0.1 percent rise in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Industrial production records marginal drop of 0.1 pct YoY in Feb due to electricity supply
Greece’s Industrial Production Index (IPI) slowed further in February with a 0.1 percent year-on-year (YoY) decline, after a 2.7 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
CPI at 2.4 pct in Mar as housing rises by 5.9 pct and food picks up pace again
Greece’s Consumer Price Index (CPI) has stabilised in the recent months, with a rise of 2.4 percent year-on-year (YoY) in March, from 2.5 percent in the previous month, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT).
Trade deficit shrinks 18.3 pct YoY in Feb as imports decline
Greece’s trade deficit dropped sharply by 18.3 percent year-on-year (YoY) in February, after a rise of 8.5 percent in January, according to data released by ELSTAT on Monday.
Trump's tariffs create gloomy economic environment for vulnerable Greece
The worst possible scenario for the Trump tariff policy materialised this week as the US announced reciprocal tariffs across the globe, with the EU being hit with 20 pct on its products sold to the US.