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  1. Unemployment rate fell to 25 pct in May, its lowest level in the last three years
    Photo by MacroPolis

    EconomyMacroeconomy

    to 8.4 percent of total in June from 8.9 percent in May. The number of inactive people continued...Greece’s seasonally adjusted (SA) unemployment rate fell for the second straight month in May, when... (ELSTAT). The May headline figure is the lowest reading since June 2012. The non-seasonally-adjusted

    14%

  2. Five-month budget primary surplus of 2.27 bln, revenues outperform in May

    EconomyMacroeconomy

    . On a monthly basis, the budget execution displayed a primary deficit of 448 million euros in May, from a surplus of 43 million in April, mainly reflecting a deterioration of the PIB balance in May. The state... (before tax refunds) strongly rebounded by 15.5 percent in May after dropping in the preceding two

    14%

  3. No let-up in tension with Turkey as MPs prepare to approve maritime boundary deals
    Photo by MacroPolis

    PoliticsGreek Politics

    as Turkish provocations in the East Med, including its own maritime agreement with Libya... the government is handling the flare-up well and, more broadly, whether the Greek position may also... this, inferior, deal. The opposition party is trying to find a way of criticising ND’s handling

    14%

  4. Car sales drop by 49.1 pct in May and 34.9 pct in first 5 months
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    for the month came to 11,723 compared to 23,010 in May last year. Out of the total, passenger car... of the total car sales in May. Over half of all passenger cars sold were registered in the Attica... to May, a total of 63,168 vehicle sales were noted. Out of the total, 30,777 were new vehicles

    14%

  5. New tax debt at 2.9 bln in May, rising by 340 mln month-on-month
    Photo by MacroPolis

    EconomyMacroeconomy

    billion from state-controlled companies and local governments. As of May, the total for overdue debt...The month-on-month rise in Greece's new tax debt came to 340 million euros in May, data from... categories showed a rise of 315 million euros month-on-month, bringing the total to 2.65 billion

    14%

  6. New overdue taxes rise by 766 mln in Jan, total stock at 99.44 bln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    percent of the month’s total (693 million) stems from tax categories. The remainder is related to the four key taxes. The total number of tax debtors rose in January by 38,458 and came to 4.1 million... balance in the following month. The total for legacy tax arrears (i.e. those created before 2017) rose

    14%

  7. Unemployment drops to 15.9 pct in May, inactive figure also eases to 3.23 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    by roughly 140,000 people. Total employment in May was close to 3.9 million people. ELSTAT explains... irregularities in the total labour force and the inactive population, which dropped by 141,000 in May...Greece’s seasonally adjusted (SA) unemployment rate dropped to 15.9 percent in May, from a revised

    13%

  8. Hotel and catering jobs propel May hiring balance to new record

    EconomyMacroeconomy

    is the highest since the records began in 2001, beating the previous high of May 2017. Total hirings...Greece’s employment balance had another solid month in May, with 126,660 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in May

    13%

  9. General govt primary cash surplus at 1.65 bln in May on slower expenditure decline
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    was in extrabudgetary funds, where a YoY fall of 241 million was observed. The total figure for this category... percent of the total. Arrears Arrears to the private sector (including tax refund arrears) fell by 390...) and extrabudgetary funds (-7 million). Since the start of the year, total arrears have fallen

    13%

  10. General gov't primary cash surplus markedly better in July but arrears climb

    EconomyMacroeconomy

    to the total fiscal outcome. Local governments showed a small cash surplus of 49 million from 273... deterioration posting a deficit of 395 million in the 7-month period compared to a surplus of 812 million... million (117 million in July) to 2.46 billion euros making up around 43 percent of total. State budget

    13%