Economy
Corporations at forefront of 5.53 bln deposit inflow in May
Private sector deposits rose sharply in May, with a net inflow of 5.53 billion euros, after a minor drop of 66 million euros in April, according to the latest Bank of Greece (BoG) figures released on Monday.
Building activity maintains strong first quarter with 22.3% YoY rise in March
Building activity jumped in March, with a rise of 22.3 percent year-on-year, after an increase of 5.4 percent in the previous month, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday.
Services elevate economic sentiment in June as all other components fall
Greece’s economic sentiment (ESI) continued improving in June, with the index at 108.3 points, from 107.7 in the previous month, according to European Commission figures released on Monday.
The Greek economy in 2026: Quantitative recovery meets qualitative stagnation
The Greek government continues to face challenges in defending its economic record, as stories gain prominence about Greeks increasingly being unable to afford what used to be normal daily life and routine. Readers will be aware that this is an issue we have covered extensively over recent months.
Budget balance up to May well above target as VAT brings in 650 mln more than planned
The budget primary balance was confirmed at a surplus of 3.65 billion euros for May, compared to a surplus of 5.34 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Thursday.
Unlocking inactive properties: How vacant homes distort Greece's property market
The Greek real estate market is currently defined by a sharp contradiction: house prices continue to climb rapidly even though a significant portion of the country's housing stock remains empty.
BoG reports sees resilience in Greek economy, urges focus on further reforms
The Bank of Greece released on Tuesday its Monetary Policy Report for 2025-2026. The report outlines a period of significant global instability contrasted with the notable resilience and continued growth of the Greek economy.
Greece faces prolonged price pressures despite US–Iran deal
The Greek authorities will have welcomed the MoU signed between the US and Iran as a first decisive step towards a lasting resolution of the conflict, although a 60‑day period remains in which outstanding issues must be resolved before a final deal is reached.
Strong arrivals push travel balance up 58.5 pct by April
Greece's travel balance recorded a surplus of 735.9 million euros in April, compared to 409.6 million euros in March, according to data released by the Bank of Greece (BoG) on Monday.
Energy continues to lead industrial turnover growth of 23% YoY in April
Greece’s industrial turnover recorded another sharp rise of 23 percent year-on-year (YoY) in April, from a jump of 27.1 percent in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.