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  1. Building permits turn negative for first time in more than a year, falling by 10 pct in April
    Image: MacroPolis

    EconomyMacroeconomy

    The growth in building permits stopped in April, dropping by 10 percent year-on-year (YoY), after it had slowed down in March, rising by 2.8 percent, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday. This is t...

    5%
  2. EC cuts 2023 growth forecast by more than half to 1 pct
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    In the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate. Greece is expected to grow by 6 pct in 2022 in real terms, up...

    5%
  3. Current account deficit widens to 2.4 bln in Mar, oil deficit more than doubles
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current deficit in March widened to 2.4 billion euros, from a deficit of 1.32 billion euros in February, Bank of Greece (BoG) data showed on Monday. In March 2022, the balance showed a deficit of 2.53 billion euros, while in March 2021 the curr...

    5%
  4. Eurobank's NII jumps by 56.2 pct in H1 to more than 1 bln
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted an adjusted net profit of 598.5 million euros in H1 2023, compared to a profit of 755 million euros last year, a drop of 20.7 percent. The profit was adjusted by normalising other income, after deducting significant trading income items ...

    5%
  5. Athens looks for improving mood rather than tangible outcome from Erdogan visit
    Photo via https://www.tccb.gov.tr/en/

    PoliticsForeign Policy

    Athens sees the High-Level Cooperation Council between Greece and Turkey, due to take place this Thursday, as yet another opportunity for both sides to retain the positive mood in bilateral relations, which has existed for roughly the last 10 months. Ho...

    5%
  6. Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The wa...

    5%
  7. Newsletter 439 - 01/11/2024

    Newsletters

    productivity growth and is an outlier is Ireland with more than 5 pct. The next cluster of countries... backing has plummeted further, from 7.5 pct to 6.4 pct, placing it in fifth place, more than 1 point... of the 99 pct of firms in Greece that are classed as SMEs, employing less than 250

    3%
  8. Greece and the euro: The flight of Icarus

    Agora

    . When one considers that Greece accounts for less than 4 percent of the eurozone’s total debt or GDP... retirement age was the same as in Germany, where most pensioners earn less than 800 euros (or 1,000 dollars) a month, where civil servants make up less than 20 percent of the workforce and where public

    3%
  9. Greek digital economy lagging due to weak demand, lack of skills

    Society

    among Greeks is higher than overall in the EU.” On the other hand, trust the internet is also lacking... internet users that use online banking (21%) or shop online (40%) are much lower than the EU average (57... and digital public services. The survey put Greece at the bottom end of the cluster of low

    3%
  10. Spotlight on challenges to labour productivity growth
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyMacroeconomy

    productivity growth and is an outlier is Ireland with more than 5 pct. The next cluster of countries... of firms in Greece that are classed as SMEs, employing less than 250 staff.

    3%