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Unhappy voters struggle to find alternatives as PM faces fresh attack from veteran conservatives
PoliticsGreek Politicssliding more than two percentage points to third. Communist Party KKE and Greek Solution
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PM prepares to finalise relief package as talk of electoral tweak gathers pace
PoliticsGreek Politicsare reportedly flocking to the prime minister’s office with fresh proposals. They argue that the sliding bonus
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Despite lukewarm reaction, PM insists tax cuts will pave way to third term
PoliticsGreek Politicsreplacement. Mitsotakis said that despite sliding in the polls, his New Democracy party still has a healthy
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Economic sentiment rises in Dec despite sharp drop in retail trade
EconomyMacroeconomyof sliding to -47 points, from -50.6 points in the previous month. Consumer confidence
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Retail sales growth slows to 1.7 pct YoY in Nov on back of sharp drop in fuel transactions
EconomyMacroeconomymonths of sliding to -47 points, from -50.6 points in the previous month. Consumer confidence
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Strong tourism season confirmed by Q2 accommodation turnover
EconomyMacroeconomyThe Turnover Index in Accommodation and Food Services rose by 6.7 percent in the second quarter (Q2) after a 44.9 percent increase recorded in Q1, according to Hellenic Statistical Authority (ELSTAT). Q2 figure is the third highest reading since 2006 (w...
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Greek trade deficit shrinks by 4.4 pct in October on back of strong exports
EconomyMacroeconomyAfter a sharp rise by 34.2 percent in September, Greece’s trade deficit narrowed by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT). The absolute figures show that the October trade deficit stood at 1.77 billion after re...
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Strong rebound of 7.7 pct in week for Greek stocks with jump in trading activity
EconomyGreek shares rebounded 7.7 percent this week for the first time in the last four weeks amid a jump in trading activity triggered by the introduction of new NBG shares last Monday and indices rebalancing. The Eurogroup Working Group (EWG) tentatively app...
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IMF sees contraction of 0.6 pct this year before strong rebound in 2017
EconomyThe International Monetary Fund has provided its latest macro forecasts for Greece in the World Economic Outlook (WEO) published on Tuesday. The fund expects Greece to return to growth in 2017 after contracting further this year. In particular, GDP is s...
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Despite strong rebound on Friday, Greek stocks dive 5.2 pct during week
EconomyDespite a rebound of 5.4 percent on Friday, the Greek stock market fell 5.2 percent this week amid the negative sentiment that prevailed in the global markets until Thursday largely fuelled by Brexit concerns. The European Stability Mechanism (ESM) boar...
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