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Affected by drop in fuel sales, rise in retail figures moderates to 1.2 pct YoY
EconomyMacroeconomypercent drop in foods and non-food up by 3.4 percent. According to the latest business indicators... monthly movement was up by 0.4 percent. Compared to March 2024, automotive fuel was down by 6.7 percent... by 1.1 percent and food and beverages were up by 1.5 percent. Clothing and footwear also recorded a rise
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Producer prices contract 1.7 pct YoY in Aug due to energy drop
EconomyMacroeconomyGreece’s Producer Price Index (PPI) went further into contraction in August, with a drop of 1.7... annually, led by minerals up by 10.7 percent, pharmaceuticals by 8.7 percent and paper products up..., intermediate goods increased by 1.6 percent, capital goods were up by 1.2 percent, durables up
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Parliament's budget office sees Greek recovery finely poised
EconomyMacroeconomyand shipping receipts, and a drop in domestic demand and imports. The report highlights that a viable growth model requires the Greek economy to become export-oriented. In contrast to Greece, the PBO notes... in the payments of arrears to the private sector and the creation of new arrears could end up with a stock
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Fiscal Council optimistic on 2016 target, sees next year’s goals as feasible
EconomyMacroeconomylower than last year. This corresponds to a drop in revenues of more than 7.8 percent in Q4 compared... in employment and improvement in the economic climate. If those figures end up in line with the macro.... Meanwhile, the productive model should focus on attracting investment and shift towards internationally
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Higher education in Greece needs radical overhaul to create labour-relevant workforce, study says
Societyand 2016, university graduates saw a significant drop in employment in the public sector, while... production model can not be built,” the report states. It identifies several challenges that need... given the structure of the Greek education system which, up until now, has proven to be stubbornly
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BoG reports sees resilience in Greek economy, urges focus on further reforms
EconomyMacroeconomy. If energy prices drop faster, potentially due to the US-Iran agreement, growth could be even... recommends shifting toward a more productive, "green," and outward-oriented growth model. Greece must speed up the delivery of justice, cut red tape, and fully digitalise public administration to remain
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General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
EconomyMacroeconomycontribution to the overall balance. Like the previous months, extrabudgetary funds made up the highest... billion euros at the end of May from 5.23 billion at the end of April, implying a modest drop of 1.8.... The recorded drop mainly reflects a reduction in the guarantees related to the Emergency Liquidity
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Sharp drop in gg primary surplus by end-April, arrears keep rising
EconomyMacroeconomy). This reflects a 13.8 percent drop in revenues to 10.43 billion, more than offsetting a 4.2 percent... and extrabudgetary funds recorded a slight drop in their arrears by 6 and 8 million respectively. Since the beginning... billion in April making up 88 percent of total gg guarantees. The remaining 12 percent of gg guarantees
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Industrial turnover dives 18.3 pct in Aug for highest drop in almost 5 years
EconomyMacroeconomy- and the fifth this year - double-digit drop rate. It is also the highest negative reading since October 2009... though that the latter makes up just a fraction of the total industrial turnover with a negligible...) and other transport equipment (+34.3 percent). On the flipside, the biggest drop was posted
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Notable drop of 13.3 pct in industrial turnover in January
EconomyMacroeconomyAfter a modest drop by 1.3 percent in December, the decline in Greece’s Turnover Index plummted... makes up just a fraction of the overall index. The industrial turnover in both the domestic... months. This is mainly attributed to a drop in output and incoming new orders, a slight decrease
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