Economy
Government struggles to shape narrative as rising costs compete with positive outlooks
Last week offered the kind of struggle the Greek government has become accustomed to: attempting to convince the public that the economy is performing strongly while simultaneously reacting to developments that intensify the cost‑of‑living crisis.
Credit growth picks up pace in Aug, with 7.1% YoY rise
Credit expansion in the Greek private sector slightly accelerated in August, rising by 7.1 percent year-on-year (YoY), from 6.8 percent the previous month, Bank of Greece (BoG) figures released on Friday showed.
Deposits rise to 224.43 bln, with 2.97 bln inflow in Aug
Private sector deposits grew in August, with a net inflow of 2.97 billion euros, after a drop of 2.01 billion euros in July, according to the latest Bank of Greece (BoG) figures released on Friday.
VAT continues to drive budget performance in Aug, at 1.21 bln above target
The budget primary balance was confirmed at a surplus of 6.53 billion euros for August, compared to a surplus of 8.5 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday.
Travel receipts grew 7.2% YoY in July despite drop in arrivals
Greece's travel balance recorded a surplus of 4.31 billion euros in July, compared to 3.12 billion euros in June, according to data released by the Bank of Greece (BoG) on Tuesday.
Current account turns to surplus in July thanks to services, tourism
Greece’s current account deficit went to a surplus of 218.5 million euros, from a deficit of 602.8 million euros in the previous month, Bank of Greece (BoG) data released on Monday showed.
Scope raises rating to 'BBB+' as Moody's ups outlook to positive
Positive developments around Greek sovereign bonds (GGBs) continued last Friday, with Moody’s upgrading its outlook on Greece to positive from neutral, while Scope Ratings raised the country’s credit rating by one notch to BBB+ with a stable outlook.
Energy drives 16.4% YoY jump in industrial turnover for July
Greece’s industrial turnover recorded another strong rise of 16.4 percent year-on-year (YoY) in July, from 19.6 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Property price growth slows to 5.5% YoY in Q2, at new all-time high
The growth in the nominal value of apartments in Greece decelerated in the second quarter of 2026, increasing by 5.5 percent year-on-year (YoY) from 6.6 percent in Q1 2026, Bank of Greece (BoG) data released on Tuesday showed.
Primary surplus at 6.5 bln up to August as taxes continue strong trend
The budget primary balance landed at a surplus of 6.5 billion euros up to August, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday.