Economy
Greece out of fiscal spotlight, but economic imbalances still a worry
The European Commission announced last week that it started an excessive deficit procedure for France and Italy, but Greece is not in the spotlight over its public finances, although Brussels has again highlighted various imbalances in its economy.
Travel balance rises to 1.79 bln in in first four months as arrivals increase by 20 pct
Greece's travel balance recorded a surplus of 571.2 million euros in April, compared to 136.6 million euros in March, according to data released by the Bank of Greece (BoG) on Friday.
Industrial turnover soars by 18 pct YoY in Apr, strongest since early 2023
Greece’s industrial turnover took off in April, rising by 18 percent year-on-year (YoY) from a 6.1 percent decrease in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday.
Current account deficit continues to grow, reaching 6.84 bln up to Apr
Greece’s current account recorded a deficit of 2.69 billion euros in April, unchanged from the deficit in March, Bank of Greece (BoG) data showed on Thursday.
Strong tax performance and underspend push primary surplus up to 3.15 bln in May
The budget primary balance recorded a surplus of 3.15 billion euros in May, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
Greece sticks to debt repayment strategy amid uncertainty caused by EU elections
Following a disappointing result in the European Parliament elections on June 9, Prime Minister Kyriakos Mitsotakis appeared on Bloomberg last Wednesday to reassure markets that his government is stable and determined to follow its reform agenda.
Energy forces import prices upwards again with 2 pct increase YoY in Apr
Greece’s import price index stayed on positive ground in April, rising by 2 percent year-on-year (YoY), after a 1.3 percent increase in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Wages index continues growth in Q1 with 6.8 pct YoY rise
Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q1, rising by 6.8 percent year-on-year (YoY), from 6.3 percent growth in the last quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
Growth in vehicle registrations slows in May, up 7.7 pct in first five months
Road motor vehicles going into circulation for the first time dropped by 0.8 percent year-on-year (YoY) in May, after a strong 36.3 percent jump in April, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday.
Industrial production jumps by 10.8 pct in Apr due to electricity and manufacturing
Greece’s Industrial Production Index (IPI) turned positive in April with a significant rise of 10.8 percent year-on-year (YoY), after a contraction of 0.6 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.