Search
-
Retails sales up by 5.1 pct in Mar after three-month slump
EconomyMacroeconomyvolume edged up by 3.9 percent to 104.2. The latest business indicators for May released by the European... confidence in May improved further by 1.4 points month-on-month and came to -29.5, the best reading this year. Compared to May 2018, consumer confidence has improved impressively by 19.1 points.
2% -
Industrial production drops by 0.8 pct in Apr
EconomyMacroeconomyin May from 56.6 points in April. Manufacturing firms indicated a strong expansion in new business in May, Markit said. Export orders continued to increase for a twentieth consecutive month. As inflation eased in May, the rate of increase in output costs softened to the lowest since July 2016.
2% -
Concern mounts in Athens regarding Turkish stance in Aegean, East Med
PoliticsForeign PolicyFatih launched its offshore drilling operations on May 3 in an area located around 41 nautical... continental shelf. There is also concern that during the run-up to the elections, Turkey may try to take.... This is considered a risky move since the ICJ may end up with a compromise that does not suit Greece.
2% -
Athens approaches Albania's political crisis, EU process with caution
PoliticsGreek Politicsby the Foreign Ministry on May 30, Athens stressed that “we expect full safeguarding of the right to self... to adopt by May 2018, as well as application of the law on property, in order for the members... Council. On May 30, Athens also warned Tirana by underlining that “Greece is working towards
2% -
Industrial turnover rises by 13.4 pct in April
EconomyMacroeconomy) and wearing apparel (-4 percent). In other indicators, the PMI index for May came to 54.2 points... business in May, Markit said. Export orders continued to increase for a twentieth consecutive month. In addition, the May industry confidence indicator published by the European Commission showed
2% -
As East Med tension remains, Athens also keeps eye on Turkish actions in Aegean
Foreign PolicyGreek Politicsthat Ankara may soon challenge Greece’s sovereign rights around the Eastern Aegean island of Kastellorizo is high. This may explain why Prime Minister Alexis Tsipras raised the issue himself. Opposition..., hinting that SYRIZA may be doing this to gain political capital. The Greek premier has engaged in a war
2% -
New team at Finance Ministry tasked with familiar old juggling act
PoliticsGreek Politics-electoral giveaways, which the institutions blame for derailing the budget. That may have saved votes... seems the most probable way out of the fix. Hard as that may be, it would be less damaging... the party since 2013. Mitsotakis’s may have made one of his shrewdest choices in appointing the highly
2% -
Budget primary surplus at 382 mln in June
EconomyMacroeconomyto a deficit of 534 million euros, almost unchanged from a monthly deficit of 547 million noted in May... euros. In May, gross revenues were higher at 4.79 billion. On an aggregate basis, gross revenues.... Expenditure Primary expenditure rose to 3.49 billion in June, dropping against May’s figure of 4.50
2% -
Eurosystem funding rises by 539 mln in June, banknotes in circulation also up
EconomyMacroeconomyto 8.61 billion versus 8.07 billion in May, completing six consecutive months under the 10-billion... government securities expiring as the country left its final bailout programme. As with May, ECB... rose by 186.4 million euros in June after a smaller rise of 45.4 million in May. June’s increase
2% -
The oil and gas debate Greece is not having
Agorasolution” to Greece’s economic woes may be attractive, particularly in a country accustomed... into energy sources whose profitability may sensibly decline over the coming years? Finally... to be met by specializing in a fading sector. There may be strong opportunity costs in mobilizing
2%