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  1. Strong tourism season confirmed by Q2 accommodation turnover
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    The Turnover Index in Accommodation and Food Services rose by 6.7 percent in the second quarter (Q2) after a 44.9 percent increase recorded in Q1, according to Hellenic Statistical Authority (ELSTAT). Q2 figure is the third highest reading since 2006 (w...

    13%

  2. Greek trade deficit shrinks by 4.4 pct in October on back of strong exports

    EconomyMacroeconomy

    After a sharp rise by 34.2 percent in September, Greece’s trade deficit narrowed by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT). The absolute figures show that the October trade deficit stood at 1.77 billion after re...

    13%

  3. Strong rebound of 7.7 pct in week for Greek stocks with jump in trading activity

    Economy

    Greek shares rebounded 7.7 percent this week for the first time in the last four weeks amid a jump in trading activity triggered by the introduction of new NBG shares last Monday and indices rebalancing. The Eurogroup Working Group (EWG) tentatively app...

    13%

  4. IMF sees contraction of 0.6 pct this year before strong rebound in 2017
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    Economy

    The International Monetary Fund has provided its latest macro forecasts for Greece in the World Economic Outlook (WEO) published on Tuesday. The fund expects Greece to return to growth in 2017 after contracting further this year. In particular, GDP is s...

    13%

  5. Despite strong rebound on Friday, Greek stocks dive 5.2 pct during week
    Photo via www.helex.com

    Economy

    Despite a rebound of 5.4 percent on Friday, the Greek stock market fell 5.2 percent this week amid the negative sentiment that prevailed in the global markets until Thursday largely fuelled by Brexit concerns. The European Stability Mechanism (ESM) boar...

    13%

  6. Wages index sees strong rebound of 4.6 pct in Q2

    EconomyMacroeconomy

    The seasonally adjusted (SA) Wages Index increased for the third straight quarter at a notably accelerating pace of 4.6 percent in the second quarter (Q2) of 2016 following a rise by 0.7 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures dis...

    13%

  7. Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
    Photo by MacroPolis

    EconomyMacroeconomy

    Speaking at the congress of the Association of Greek Tourism Enterprises (SETE) on Monday, the Bank of Greece (BoG) governor Yannis Stournaras repeated his belief that the domestic economic will start recovering in the second half of this year. Stournar...

    13%

  8. Greek stocks climb 4.3 pct on week, banks’ strong performance continues
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    The Greek stock market rebounded strongly by 4.3 percent this week mainly led by solid gains in banks, also accompanied by an increase in trading activity. The positive market performance was triggered by a drop in the Greek government bond yield to 6.7...

    13%

  9. Budget primary surplus to Nov reaches 7.4 bln on continued strong revenue performance
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s budget primary surplus climbed to 7.45 billion euros in the 11-month period of 2016, up by 71.7 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Wednesday. The headlin...

    13%

  10. These were the key drivers behind Greece's strong fiscal performance in 2016
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The publication of the general government’s non-financial sector accounts on Monday has provided more insight regarding the key drivers of the fiscal performance in 2016, which was confirmed in a first notification issued by the Hellenic Statistical Aut...

    13%