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Economic sentiment drops off in Sept as consumer confidence falls for fourth month
EconomyMacroeconomyFollowing a series of rises, Greece’s economic sentiment (ESI) dropped in September by 3.3 points month-on-month to 109.7 points, from a rise of 1.8 points in August, according to European Commission figures released on Wednesday. Economic sentiment had...
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Quarterly unemployment rises to 13.8 pct in Q1, reflecting off season for tourism
EconomyMacroeconomyGreece’s non-seasonally adjusted quarterly unemployment rate maintained an upward trajectory in the first quarter of the year, rising to 13.8 percent, from 13.2 percent in Q4 2021, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The ...
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Electricity price shock, pressure on phone-tapping take shine off surveillance exit
PoliticsGreek Politicsinto the autumn, as it tries to structure its last economic package en route to the next elections
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Business transformation paying off as Eurobank records 932.3 mln profit in 9M
EconomyBankingEurobank posted an adjusted net income of 932.3 million euros in the nine months of 2022 (9M), compared to a profit of 297.5 million euros last year. Core pre-provision income (PPI) rose by 17.7 percent year-on-year (YoY) in 9M to 794.6 million euros, w...
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Budget starts year where it left off in 2022, beating target by 618 mln in Jan
EconomyMacroeconomyThe budget primary balance in January this year came to a surplus of 2.77 billion euros, compared to a surplus of 15 million euros in the same month of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday....
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Consumer confidence takes off in May as rest of sectors deliver mixed data
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a minor drop of 0.6 points in May, falling to 108.1 points, after rising by 1.9 points in April, according to European Commission figures released on Tuesday. Sentiment has been improving in five of the last se...
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SYRIZA leadership contest off to slow start, as ND rushes to contain political damage from fires
PoliticsGreek PoliticsThe contest to succeed Alexis Tsipras at the helm of SYRIZA looks set to gather momentum with the launch of a campaign aimed to generate engagement in view of the September leadership elections. Leadership hopefuls have been sketching out their visions ...
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Governing party MPs rally around ex-transport minister to fend off opposition attacks
PoliticsGreek PoliticsNew Democracy politicians presented a united front defending the government against a censure motion triggered by its handling of the deadly Tempe rail crash. Their fulsome support for resigned transport minister Kostas Karamanlis brought condemnation f...
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Mitsotakis targets rivals as Androulakis tries to shrug off doubters
PoliticsGreek PoliticsAs Greece edges towards the next general election cycle, Prime Minister Kyriakos Mitsotakis’s centre‑right government is recalibrating its political machinery with a clear objective to secure another term by shaping the battlefield on its own terms. The...
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Don't celebrate a French reconnection for EU just yet
Agoratook the unusual step of congratulating Macron despite there being a run-off against Le Pen yet to come... of Europe’s tendency to laud the eye-catching victories but brush off the smaller defeats even though... Greek elections of 2012, there was much backslapping over the fact that a pro-bailout coalition led
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