Economy
Energy continues to drive rise in producer prices as May sees 13.5% YoY increase
Greece’s Producer Price Index (PPI) accelerated further in May to 13.5 percent year-on-year (YoY), after a rise of 12.8 percent in the previous month, ELSTAT data showed on Tuesday.
Retail sales growth slows to 4% YoY in Apr, volumes drop as fuel consumption decreases
The growth of Greece’s retail sales moderated further with a rise of 4 percent year-on-year (YoY) in April, after an increase of 6.1 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data released on Tuesday showed.
Loans to businesses keep credit growth at 7.4% YoY in May
Credit expansion in the Greek private sector remained strong in May, rising by 7.4 percent year-on-year (YoY), from 6.8 percent the previous month, Bank of Greece (BoG) figures released on Monday showed.
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.