Economy
Current account deficit widens to 3 bln in Mar, at 4.47 bln in Q1
Greece’s current account recorded a deficit of 3 billion euros in March, from a deficit of 2.49 billion euros in February, Bank of Greece (BoG) data released on Wednesday showed.
Public debt at 402.11 bln in Q1, total cash reserves exceed 40 bln
Greece’s central government debt recorded a drop of roughly 1.8 billion euros to 402.11 billion euros in Q1 2025, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
Sharp drop of 5.1 pct in March industrial turnover driven by refined petroleum products
Greece’s industrial turnover dropped sharply in March, with a decline of 5.1 percent year-on-year (YoY), from a marginal 0.3 percent decrease in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.
Macro and fiscal outlook for Greece remain favourable in latest EC forecasts
The European Commission published on Monday its latest spring forecasts, which leave the macro and fiscal outlook for Greece broadly unchanged from the previous estimates, with the Greek economy seen outperforming eurozone growth by some margin.
Fitch leaves rating unchanged at 'BBB-', ups outlook to positive
On Friday, Fitch became the latest leading rating agency to publish a rating review for Greece, keeping the rating unchanged at ‘BBB-‘, the first step of the investment grade, while the outlook was revised up from stable to positive.
Significant underspend and strong tax revenues push primary surplus to April above 5 bln
The budget primary balance ran a surplus of 5.17 billion euros by April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Thursday.
Energy drives import price index drop of 2.5 pct YoY in Mar
Greece’s import price index continued its contraction in March, with a 2.5 percent year-on-year (YoY) decrease, after a 0.5 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday.
Car sales up 2.9 pct YoY in Apr, down 0.5 pct over first four months of 2025
Vehicles going into circulation for the first time dropped by 2.1 percent year-on-year (YoY) in April, after an increase of 6.8 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
Commitment to reducing debt front and centre in government fiscal policy
Greece's debt returned to the forefront of public debate last week following the visit of the Finance Minister Kyriakos Pierrakakis to the PDMA and the optimistic outlook he presented on the future prospects and plans to reduce Greece's debt burden.
National Bank net profits at 384 mln in Q1, fees up 6 pct YoY to 106 mln
National Bank of Greece (NBG) reported a core profit after tax of 384 million euros in Q1, compared to a profit of 358 million euros in Q1 2024, a rise of 1 percent year-on-year (YoY).