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Rise in producer prices accelerates to 2 pct YoY in May for fifth straight increase
EconomyMacroeconomyGreece’s Producer Price Index (PPI) picked up pace in May, with a rise of 2 percent year-on-year (YoY), after an increase of 0.5 percent in April, ELSTAT data showed on Monday. This is the fifth consecutive positive reading after a period of contraction that started in March 2023. The index had
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Energy at forefront of 2 pct decline for industrial production in May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) continued its drop in May with 2 percent year-on-year (YoY), after a sharp fall of 4.2 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. This is the first back-to-back negative readings since
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Inflation broadly stable at 2 pct YoY in Oct, rents up by almost 9 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) was broadly stable in October with a rise of 2 percent year-on-year (YoY), from 1.9 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period was broadly
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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomyΤhe interest rate on households’ new time deposits dropped another 14 basis points (bps) to 2.39... for loan amounts below 250,000 euros now stands 2 percentage points above the eurozone average, while..., the changes in June were much smoother. The average deposit rate slipped by 7 bps to 1.74 percent
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WEF report highlights weakness of Greek institutions and challenges of recovery
Economyin the basic requirements (now at the 76th place), 2 places in efficiency enhancers (65th) and 7 places... (GCI). Despite the marked improvement by 10 spots, Greece’s ranking in the GCI is still losing 14
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A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgramme. Regarding the tender process for a 40-year concession of use, operation and management of 14 regional... a longstanding demand from Greece’s lenders. 2) Blocking early retirements that undermine...) Allowing the out of court settlement of non-performing loans (NPLs). 7) Adopting a new code of civil
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgrammeand mothers with children with disability) with immediate application. 2) Change in the interest rate... 2018. 7) Deregulation of professions such as engineers and notaries 8) Approval... to the previous status for drug prescription and reduction on the price of generic drugs 14
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The year that Greece (nearly) saw it all
AgoraThis is the deal Greece will go in search of at Wednesday's sceptical Eurogroup Feb 7 Economy Greek... suggests Jan 14 Unemployment, cronyism and corruption fuel Greek brain drain Jun 19 Greece most socially unjust country in EU, study finds Nov 2
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Travel receipts rise 16 pct in Nov as surplus soars 84.3 pct
EconomyMacroeconomyreceipts reached 14 billion in the 11-month period of 2015 from 13.21 billion last year, while the corresponding payments eased 0.8 percent to 1.86 billion. Overall, travel surplus grew by 7 percent... would mean a rise of 2 million compared to the 2014 figure. Direct tourism revenues are seen
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Privatisation chief hopeful of reaching 2016, 2018 targets as several sales near conclusion
EconomyGreece’s privatisation chief believes that 2 billion euros can be raised this year from asset sales... agreement for the 14 regional airports is expected to be ratified by Parliament on Sunday. He..., Pitsiorlas said that binding offers from 7 international investors are expected by the end of August
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