Economy
Bumper results for banks add to frustration over interest rates, fees
Over recent weeks, the Greek systemic banks released another set of solid results for H1, with strong profitability and building on last year’s performance that allowed them to distribute total dividends exceeding 900 million euros, the first distribution to shareholders in 16 years.
Tourist arrivals up by 15.5 pct in H1, average spend down by 3.1 pct
Greece's travel balance recorded a surplus of 2.86 billion euros in June, compared to 1.65 billion euros in May, according to data released by the Bank of Greece (BoG) on Wednesday.
Manufacturing leads industrial turnover rise of 4.7 pct YoY in Jun
Greece’s industrial turnover picked up pace in June, rising by 6.1 percent year-on-year (YoY) from a 4.7 percent increase in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Current account balance turns positive in June thanks to improved services surplus
Greece’s current account turned to a 270 million surplus in June, from 2.35 billion euros in May, Bank of Greece (BoG) data showed on Tuesday.
Central govt debt rises by 1.5 bln in Q2, to 407 bln
Greece’s central government debt recorded a rise of roughly 1.5 billion euros to 407.06 billion euros in Q2 2024, the Finance Ministry's (MoF) debt bulletin showed on Monday.
Primary balance 4 bln above target in Jul due to underspend and tax performance
The budget primary balance recorded a surplus of 5.68 billion euros by July, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday.
Energy leads import price jump of 4.4 pct YoY in June
Greece’s import price index accelerated further in June, rising by 4.4 percent year-on-year (YoY), after a 2.8 percent increase in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Used passenger vehicles boost car sales in July for 13.8 pct rise
Road motor vehicles going into circulation for the first time rose by 13.8 percent year-on-year (YoY) in July, after a rise of 3.6 percent in June, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Utilities and energy drive industrial production rise of 9.5 pct in June
Greece’s Industrial Production Index (IPI) grew in June by 9.5 percent year-on-year (YoY), after a 6.8 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Inflation up to 2.7 pct in July as housing costs keep rising
The growth in Greece’s Consumer Price Index (CPI) picked up pace in July with a rise of 2.7 percent year-on-year (YoY), after an increase of 2.3 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).