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Lack of savings points to wider economic issues
EconomyMacroeconomy. The latest set of data that was presented at a Eurobank event last week in cooperation with Athens University... in employment struggle to set aside any savings. Bank of Greece governor, Yannis Stournaras, was present... are the main source of loans and failing to build a solid savings base amplifies the need to attract funds from
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PASOK candidates make final push as government plays down latest dig from rogue MPs
PoliticsGreek PoliticsThe six candidates for the leadership of PASOK have their eyes set on the challenge of returning.... A relative newcomer to frontline politics, the engineering professor is banking on the precedent he set... is generally acknowledged to have done solid duty standing in for Androulakis as head
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Newsletter 435 - 04/10/2024
on 7.7 pct. The six candidates for the leadership of PASOK have their eyes set on the challenge... has essentially been set in stone for some time now as it is the basis of the debt sustainability... by the solid performance of taxes that could surprise on the upside. This would allow room
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Newsletter 443 - 29/11/2024
Democracy as it falters in the polls. The PASOK leader is set to meet Mitsotakis next week... that the recent attacks in Parliament and in the media will set the tone as one of rivalry, and refute... remained in solid growth in August, with a rise of 10.5 pct YoY, from 15.2 pct in the previous month
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Newsletter 446 - 10/01/2025
will be the first political set-piece event of the year as the New Democracy leader tries to claw back some... of the population feels that although the country may be on more solid ground now compared to 5-6... has delivered the party several minor victories in recent months. Leader Nikos Androulakis set
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Budget primary surplus to Sept surges to 5.44 bln on solid tax revenues
EconomyMacroeconomyGreece’s budget primary surplus surged by more than 77 percent to 5.44 billion euros in the 9-month period of 2016 from 2.27 billion a year ago, according to the Finance Ministry (MoF) final budget execution bulletin published on Monday. The headline fi...
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Jan-Nov budget primary surplus surges to 7.4 bln on solid revenue performance
EconomyMacroeconomyGreece’s budget primary surplus jumped to 7.42 billion euros in the 11-month period of 2016, up by almost 71 percent from last year’s figure of 4.34 billion, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday. The headline fig...
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PMI at 53.9 points in Dec, marking solid end to 2019
EconomyMacroeconomyGreece’s manufacturing PMI edged down to 53.9 points in December from 54.1 points in November, according to the latest data from Markit PMI. Markit noted that this positive performance has maintained the current sequence of expansion for over two and a ...
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Survey shows investor interest remains solid
EconomyFeaturesA survey by Ernst and Young (EY) has revealed that investor interest in Greece has remained steady throughout the coronavirus pandemic. Releasing the survey summary, EY noted the vital role that foreign direct investment (FDI) is expected to play in Gre...
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Amidst Covid and inflation uncertainty, 2022 budget looks forward to solid growth
EconomyMacroeconomyAmidst growing concerns about the impact of the latest pandemic wave and ongoing pressures on the inflation front, led by energy prices, the Finance Ministry tabled a revised final budget for 2022 in which most macro variables and assumptions are improv...
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