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  1. Finance Ministry costs new support package, but questions remain over electricity subsidies
    Photo via www.government.gov.gr

    Economy

    official revision of the growth estimate for this year. GDP is now seen rising by 5.3 pct, from 3.1 pct previously, with growth slowing to 2.1 pct next year. The finance minister noted that investments have... to come in the full year to 4.3 billion euros, or 2 pct of GDP, with the rest covered by the Energy

    7%

  2. BoG revises 2024 growth down to 2.5 pct, advocates wide range of policies and reforms
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    assesses the economy’s progress over the year, though challenges are clouding the outlook. The BoG makes... year. This is a downward revision from the projections in June that expected growth of 3 pct in 2024... will continue a downward trajectory, with HICP this year at 4.1 pct, from 9.3 pct in 2022 and it will continue

    7%

  3. Turnover in services shows year-on-year deteriorations in Q2
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    , Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday. Specifically, year-on-year... services seen in Q1 2020. The three largest year-on-year drops were noted in advertising and market... improved by 5.4 points month-on-month to -28.8 points. Year-on-year, the service confidence indicator has

    7%

  4. ​Turnover in services shows year-on-year improvements in Q3
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    ) of 2020, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday. Specifically, year-on-year... services in Q2. The three largest year-on-year drops were noted in other professional, scientific... points. Year-on-year, the service confidence indicator has worsened substantially by 46.6 points.

    7%

  5. Time deposit rate almost flat in Jan, average loan rate falls 12 bps

    EconomyMacroeconomy

    Greek households’ new time deposit rate remained broadly stable for the second straight month in January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece (BoG) figures displayed on Wednesday. Since the impositio...

    7%

  6. PPC lignite unit bids fall flat in blow to privatisations
    Photo by David Gibson via Flickr https://flic.kr/p/oATenb

    EconomyFeatures

    The Public Power Corporation’s (PPC) divestment of 40 percent of its lignite capacity has hit an obstacle as it emerged that the bid process for two lignite units had attracted very little interest. PPC received one binding offer for the Melitis unit in...

    7%

  7. Athens bourse dives 10.54 pct on Monday, falling to lowest since June 2012
    Photo by Can Esenbel [http://www.mundanepleasure.com/]

    Economy

    the FTSE/Large Cap index constituents, only one share remained flat and the other 24 stocks recorded...: Lamda Development (flat), Grivalia (-3.9 percent), Jumbo (-5.6 percent), Piraeus Port Authority... period with August historically showing the weakest trading volumes of each year. Bonds The negative

    7%

  8. Central government debt drops to 323.7 bln in Q3 on bond repayments
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    flat for yet another quarter at 14.87 billion, making up 4.6 percent of total debt. Moreover, repos... million to 7.16 billion, while loans held by the Bank of Greece stayed flat at 3.32 billion... years) debt made up more than 80 percent of total, while short-term (up to 1 year) and medium-term (1

    7%

  9. What is in SYRIZA's 3-pillar programme to overcome the crisis?
    Photo by MacroPolis

    Economy

    both in the private and public sector via a two-year programme. The cost is estimated at 3 billion euros for the first year and a total of 5 billion for the two-year period. According to the latest... pillars. The five interventions of this pillar include: 1) Abolition of the single property tax (ENFIA

    7%

  10. Tusk proposals over refugee quotas puts Athens on alert ahead of EU summit
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    Republic to court over their opposition to the relocation scheme. Last year, the European commission... and the aim is for no more than 3,500 to be left at hot spots by the end of the year. This, however, has... year on the larger islands affected by refugee flows.

    7%