Economy
Greece braces for price shockwaves from Iran amid weakening purchasing power
As the conflict in Iran shows no sign of easing, and with damage to energy infrastructure in the Middle East estimated to have reduced production capacity by roughly 30–40 percent - repairs that could take years to complete - it is becoming evident that the world will face unsettled energy markets and volatile prices for some time, even in the more benign scenario of a swift end to the war.
Building activity moderated in Dec, dropped by 2.6 pct in 2025
Building activity moderated in December, with a rise of 0.9 percent year-on-year, after an increase of 9.9 percent YoY seen in November, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Lending to corporations keeps annual credit growth steady at 7.4 pct in Feb
Credit expansion in the Greek private sector remained strong in February, rising by 7.4 percent year-on-year (YoY), from 7.6 percent the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Deposits continue to slide in Feb, falling to 207.52 bln
Private sector deposits recorded a further drop during February, with a net outflow of 445 million euros, after a drop of 5.18 billion euros in January, according to the latest Bank of Greece (BoG) figures released on Thursday.
Significant underspend and tame taxes lead to primary surplus of 2.99 bln in Feb
The budget primary balance was confirmed at a surplus of 2.99 billion euros for February 2026, compared to a surplus of 2.8 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Thursday.
Strong travel receipts in Jan, balance up 157.6 pct YoY
Greece's travel balance recorded a surplus of 234 million euros in January, compared to 313.2 million euros in December, according to data released by the Bank of Greece (BoG) on Tuesday.
Jan current account deficit at 1.29 bln, goods and services balances improve
Greece’s current account recorded a deficit of 1.29 billion euros in January, from 3.86 billion euros in December, Bank of Greece (BoG) data released on Monday showed.
Scope leaves 'BBB' rating unchanged, outlook remains positive
Scope Ratings left Greece’s rating unchanged at ‘BBB’ on Friday, while maintaining the positive outlook, as part of its regular monitoring review process.
Industrial turnover falls sharply by 5.3 oct YoY at start of 2026
Greece’s industrial turnover recorded a sharp drop of 5.3 percent year-on-year (YoY) in January, from a rise of 4.9 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
Another solid year for property market as growth reaches 7.8 pct in 2025
The growth in the nominal value of apartments in Greece slightly decelerated in the fourth quarter of 2025, increasing by 7.6 percent year-on-year (YoY) from 8.3 percent in Q3 2025, Bank of Greece (BoG) data released on Thursday showed.