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Draft budget for 2025 sees 2.3 pct growth and strong primary surplus
EconomyMacroeconomyconsumption in 2024 is seen growing by 1.7 pct, exports are estimated up by 4.2 pct and imports will rise... rising by 1.6 pct, investments up by 8.4 pct, exports rising by 4 pct and imports also up by 3.6 pct... will drop further to 1.57 billion euros, or 0.6 pct of GDP, from 2.26 billion euros at 1 pct of GDP
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Mitsotakis delivers major tax-cut package as he seeks to stay course for another term
PoliticsGreek Politicsannounced by the PM: A universal 2-point drop in income tax (excluding the 9% introductory bracket... for under-25s earning up to 20,000 euros, and a 9 pct rate (instead of 22%) for 25–30 year-olds... more lenient criteria. The new income tax scale will be as follows: Up to 10,000 euros: rate of 9
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Producer prices rise marginally by 0.1 pct YoY as all components bar energy increase
EconomyMacroeconomywith a jump of 48.8 percent annually. Month-on-month (MoM), the index was up by 1.8 percent, from a drop of 0.3 percent in the previous month. Over the rolling 12-month period, the index is up by 0.1 pct, from unchanged previously. The products sold in the domestic market were up by 0.9 percent, led
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Industrial turnover and new orders indices rebound for second straight month
EconomyMacroeconomywas energy (up 7.7 percent), while capital goods and consumer durables turnover recorded the highest drop... indices recorded a drop of 1.0 and 4.9 percent respectively. The rise in the industrial turnover... not disclose New Orders’ data for the energy sector, with intermediate goods and capital goods (up
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Greeks not self-inflicting HIV but new cases have been rising markedly
Societyinternational news outlets picked up on the initial claim and this kind of bad news tends to stick..., drug users made up the majority of new HIV cases in Greece. They were 47.8 percent of the total cases... be a drop in the number of HIV cases in Greece for the first time in over a decade. KEELPNO said
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Greek GDP shrinks 3 pct in Q3, on course to contract by 4 pct in 2013
EconomyMacroeconomyconsumption retreated 8.1 percent in the quarter leading to a 6.6 percent drop in total final... exports of services up 8.8 percent from -1.6 percent in the second quarter. Unlike the previous two... period on mid single-digit rise in exports and drop in imports. Similarly to the way GDP has evolved
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Greek banks' Eurosystem funding at lowest since Jan 2010; ELA also wiped out
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 11.3 billion euros in May, the highest monthly drop since... from 3.12 billion in April. The sharp drop in May had been communicated in Greek banks’ Q1 results... in late 2008. The initial amount of state guarantees stood up to 23 billion and that threshold was later
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Greek primary budget surplus at 707 mln as revenues beat target in May
Economytrend in May increasing by 6.9 percent (from -1.4 percent in April), which led the 5-month figure up... the 5-month figure up 9.3 percent to 3.72 billion, outperforming target by 4 percent. In contrast... percent to 5.56 billion, in line with the target. Consumption taxes showed a higher drop at -9.5 percent
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Car registrations surge by 46.3 pct in June thanks to tourism, consumer confidence
EconomyMacroeconomy. There was a 6.4 percent drop in the first half of 2013. The 12-month trailing index shows a slower growth at 19... and a material acceleration in the second half of that period. The bulk of new licences (making up more than... percent in each of the preceding three years. The cumulative drop of car registrations stood at 78
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Industrial turnover rebounds by 10.5 pct in June after three months of decline
EconomyMacroeconomy12 months, the average index showed a drop of 4.2 percent. The increase in June reflects a rise... by 37.4 percent. Note that the latter makes up just a fraction of the total index with a minimal... by 3.3 percent. The former primarily stems from a rise in the turnover for the non-eurozone countries (up
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