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  1. Unemployment in Greece falls to 19.5 pct in May, below 20 pct for first time since Sept 2011
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate in May edged down to 19.5 percent from... on Thursday. The unemployment rate in May last year was 21.7 percent. The latest rate is the first time.... The unemployed figures continue the improvement trend, with May showing a drop in unemployed by 18,029 compared

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  2. Primary cash balance at surplus of 438 mln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    that on a monthly basis, revenues dropped by 54 million euros in May and came to 3.12 billion euros... euros to 17.75 billion euros against last year’s total of 17.71 billion. Expenditure for May rose... January to May showed a strong increase of 1.94 billion euros, bringing the total to 21.46 billion euros

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  3. Budget primary surplus confirmed at 916 mln in May on higher expenditure
    Photo by MacroPolis

    EconomyMacroeconomy

    , compared to a surplus of 853 million noted in May 2018, the Finance Ministry’s (MoF) final budget... the aggregate target by 2.55 billion euros. The monthly primary balance for May landed at a deficit... to May 2018 when the figure stood at a deficit of 947 million euros, the monthly primary balance’s

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  4. Covid-19 takes toll on budget as primary deficit widens to 4.80 bln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    execution bulletin for May showed on Monday. May’s preliminary budget had been widely anticipated.... The monthly primary balance for May came to a deficit of 3.28 billion euros compared to a monthly deficit... billion euros in May 2019. Revenues On a monthly basis, net revenues came to 1.92 billion euros which

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  5. Current account shows deficit of 913.9 mln in May as travel receipts evaporate
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    Greece’s current account (C/A) balance posted a deficit of 913.9 million euros in May compared... billion euros year-on-year (YoY). According to the BoG, May’s performance is primarily attributable...). The services balance shrank by 81.7 percent YoY to stand at 328.2 million euros in May. The travel balance

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  6. Seasonal jobs account for 7 in 10 hirings as balance nears 100,000 in May
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s employment balance continued its recovery in May with 99,956 more hires then departures... also had a solid positive balance of 124,365 more hirings than departures. The balance in May last year... in May 2020 the labour market was affected by the pandemic with just 32,975 more hires ahead of a very

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  7. Current account balance continues to deteriorate as deficit up to May exceeds 9 bln
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current account recorded a deficit of 2.35 billion in May, from 2.69 billion euros in April, Bank of Greece (BoG) data showed on Monday. In May 2023, the balance showed a deficit of 1.63... in May, from 3.02 billion euros in the same month last year. Total imports came to 7.55 billion euros

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  8. Significantly improved oil balance pushes current account to 196.5 mln surplus in May
    Image via www.moh.gr

    EconomyMacroeconomy

    Greece’s current account recorded a surplus of 196.5 million euros in May, from a deficit of 2.11 billion euros in April, Bank of Greece (BoG) data released on Monday showed. In May 2024, the balance... the services surplus declined. The deficit for the balance of goods came to 2.36 billion euros in May, from

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  9. Athens buoyed by EU, US support over maritime spat with Turkey
    Photo via www.mfa.gr

    PoliticsForeign Policy

    on the Turkey–Libya maritime border deal. A common statement adopted by the EU leaders during... on Thursday decided to appoint a special envoy to Libya. This will be Ambassador Christodoulos Lazaris. His mission will be to maintain contact with all sides in Libya in order to closely monitor developments

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  10. After signing EastMed pipeline pact, Athens aims to tackle Turkey challenge

    PoliticsForeign Policy

    memoranda with the Tripoli-based government in Libya. Officials in Athens stress, however... following Turkey's intervention in Libya, the message to Ankara in the joint statement they issued... in Libya presents a dangerous threat to wider regional stability.” The statement also noted

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