Economy
BoG sees several global challenges, expects Greek economy to hold its ground
The Bank of Greece released on Thursday the latest financial stability report noting that the global economic environment is navigating significant headwinds driven by escalating geopolitical tensions in the Middle East, energy flow disruptions, and a sharp spike in international energy prices.
Greece heads for another record tourism season after strong August receipts
Greece's travel balance recorded a surplus of 4.38 billion euros in August, compared to 4.31 billion euros in July, according to data released by the Bank of Greece (BoG) on Thursday.
Current account balance at 1.74 bln surplus in Aug thanks to services
Greece’s current account stayed at a surplus of 1.74 billion euros in August, from a deficit of 218.5 million euros in the previous month, Bank of Greece (BoG) data released on Monday showed.
Energy and capital goods drive 17.8% YoY rise in industrial turnover for Aug
Greece’s industrial turnover recorded another strong rise of 17.8 percent year-on-year (YoY) in August, from 16.4 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Strong fiscal performance meets hard spending limits
Developments last week reaffirmed how hard it will be for the Greek government to escape the grind of dealing with cost‑of‑living issues. There is a realistic prospect that affordability will dominate the months running up to the next national elections, due by mid‑2027.
Taxes continues to drive budget outperformance in September
The budget primary balance landed at a surplus of 7.59 billion euros up to September, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday.
Energy drives 13.8% YoY jump in August import prices
Greece’s import price index recorded another sharp rise of 13.8 percent year-on-year (YoY) in August, after an increase of 10 percent in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Car sales bounce back with 1.2% YoY rise in September
The number of vehicles going into circulation for the first time bound back in September, with a rise of 2.6 percent year-on-year (YoY), after a sharp drop of 15.5 percent in August, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday.
Draft budget for 2027 centred on strong surplus, selective support measures
The government tabled last Monday the draft budget for 2027 — an election year. The main components of the budget are in line with previous years, alongside a rather generous package of interventions for next year totalling roughly 2.3 billion euros.
Industrial production jumps 5.8% YoY in Aug, led by electricity supply
Greece’s Industrial Production Index (IPI) resumed its growth in August with a jump of 5.8 percent year-on-year (YoY), after a drop of 1.2 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.