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Government braces for farmers' protest, SYRIZA officials put out by leader's approach
PoliticsGreek Politicspotential changes to the grouping’s name and logo, as well as its political direction
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ND and PASOK turn fire on Tsipras’s new party as political tension escalates
PoliticsGreek Politicsthe name and likening the logo to Che Guevara and 17 November. Migration Minister Thanos Plevris
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Strong VAT, income tax revenue and restrained spending drive strong primary surplus in Sep
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 9.45 billion euros up to September, compared to a surplus of 8.76 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on M...
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Strong tourism season confirmed by Q2 accommodation turnover
EconomyMacroeconomyThe 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...
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Greek trade deficit shrinks by 4.4 pct in October on back of strong exports
EconomyMacroeconomyAfter 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...
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Strong rebound of 7.7 pct in week for Greek stocks with jump in trading activity
EconomyGreek 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...
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IMF sees contraction of 0.6 pct this year before strong rebound in 2017
EconomyThe 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...
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Despite strong rebound on Friday, Greek stocks dive 5.2 pct during week
EconomyDespite 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...
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Wages index sees strong rebound of 4.6 pct in Q2
EconomyMacroeconomyThe 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...
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Stournaras outlines conditions for strong 2017 growth, calls for debt relief measures soon
EconomyMacroeconomySpeaking 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...
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