Economy
PBO affirms strong macro and fiscal trajectory, growth seen at 2.2 pct
The Parliamentary Budget Office (PBO) published its quarterly report on Tuesday, where the stable economic outlook and the solid fiscal performance were reaffirmed, though the PBO does see challenges mostly due to geopolitical instability and trade-related tensions.
Conflict in Middle East puts fresh pressure on economy
The relative stability and calm that the Greek economy profited from over the last couple of years has started to look like a thing of the past over the past few days as tension in the Middle East flared up, threatening a protracted conflict in the region, which will have a global impact and will affect the growth outlook for Greece.
Solid April for travel receipts, improving balance by 3.5 pct YoY in 4M
Greece's travel balance recorded a surplus of 778.6 million euros in April, compared to 220.9 million euros in March, according to data released by the Bank of Greece (BoG) on Monday.
Industrial turnover falls by 9.1 pct YoY in Apr, driven by foreign markets and manufacturing
Greece’s industrial turnover accelerated its sharp decline in April, with a drop of 9.1 percent year-on-year (YoY), from a 5.1 percent decrease in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Current account deficit improves to 2.11 bln in Apr, broadly stable in 4M
Greece’s current account recorded a deficit of 2.11 billion euros in April, from a deficit of 3 billion euros in March, Bank of Greece (BoG) data released on Friday showed.
Union report sums up grim state of wages, policy shortcomings
The latest annual report by Greece’s largest union, GSEE, captures the grim picture regarding wages in Greece and the spending power of workers.
Car registrations rise by 13.5 pct YoY in May to highest since 2010
Vehicles going into circulation for the first time rose by 16.3 percent year-on-year (YoY) in May, after an decrease of 2.1 percent in April, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
Revenues continue beating targets in May, tight rein on spending remains
The budget primary balance ran a surplus of 5.35 billion euros up tp May, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday.
Energy a main factor in decline of April import prices by 6.3 pct YoY
Greece’s import price index continued its contraction in April, with a sharp drop of 6.3 percent year-on-year (YoY), after a 2.5 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Wage index continues to rise in Q1 with 5.9 pct YoY growth
Greece’s seasonally adjusted (SA) Wages Index grew by 5.4 percent year-on-year (YoY) in Q1, from 5.8 percent in the last quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.