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Industrial production rises for three months in a row for first time since 2007
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) rose 1.7 percent in February, posting a positive change for the third consecutive month, according to the Hellenic Statistical Authority (ELSTAT). The index for the year to date also headed north (+1.4 percent...
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Greek CPI down by 0.3 pct in August as rate of decline slows for third month in a row
EconomyMacroeconomyThe decline in the Greek Consumer Price Index (CPI) slowed down for the third successive month to -0.3 percent in August from -0.7 percent in July, according to the Hellenic Statistical Authority (ELSTAT). The August figure indicates the slowest decreas...
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Greek economic sentiment and consumer confidence fall for third month in a row
EconomyMacroeconomyGreece’s economic sentiment (ESI) decreased for the third successive month at an accelerating pace, falling to 99.3 in September from 102 in August, according to the European Commission (EC). The September reading is the first below the 100-point mark f...
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August sees third Greek C/A surplus in a row, reaching 1.82 bln
EconomyMacroeconomyGreece's current account (C/A) balance recorded a surplus for the third successive month in August. It reached 1.82 billion euros, which is 50.4 percent year on year (YoY), according to the Bank of Greece (BoG). The significant improvement mainly reflec...
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Funding needs take centre stage in row between New Democracy and SYRIZA
EconomyOne of the key topics in the agenda of two main Greek political parties’ ahead of January 25 snap elections is the issue of Greece’s funding needs by the end of March and the way they would be covered by the new government. According to Kathimerini dail...
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SYRIZA hits back in funding row, says it could issue T-bills and use repos
EconomyThe issue of covering short-term funding needs remains at the forefront of the confrontation between the two main political parties in Greece ahead of the January 25 elections due. In reaction to SYRIZA leader Alexis Tsipras stating that his government ...
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Gov't hits back as pension reform row heats up
EconomyProgrammeThe government has hit back in the public relations battle over its proposed pension reforms by trying to rebut criticism from New Democracy point-by-point. After verbal rebuttals by key government figures, the prime minister’s office issued a non-paper...
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Hirings outpace job departures by 76,591 in May for fourth positive monthly balance in a row
EconomyMacroeconomyThe employment balance displayed net hirings of 76,591 in May 2016, down by 9,555 compared to the corresponding period last year, the Labour Ministry’s information system (Ergani) data showed on Wednesday. In addition, this year’s figure means that ther...
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New Democracy seeks higher ground in escalating TV permits row
PoliticsGreek PoliticsA new chapter in the ongoing saga relating to Greece’s TV licences is due to be written this week, with the government hoping to recover from the blow dealt by the Council of State and New Democracy hoping to inflict further damage on the coalition. A n...
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Government steps in as NBG row takes new twist
EconomyBankingJust one day after the election of the new chairman at the National Bank of Greece (NBG), which was seen as providing respite in the recent dispute between the NBG top management and the bank’s major shareholder, the Hellenic Financial Stability Fund (H...
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