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  1. Travel receipts maintain momentum in May with 17.7 pct YoY rise
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece's travel balance recorded a surplus of 1.88 billion euros in May, compared to 778.6 million euros in April, according to data released by the Bank of Greece (BoG) on Tuesday. The May balance was 15.5 percent higher than the 1.62 billion euros recorded in May 2024. Receipts for the month were

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  2. Budget balance up to May well above target as VAT brings in 650 mln more than planned

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 3.65 billion euros for May, compared... execution data released on Thursday. The primary balance up to May was 2.41 billion euros above... euros. Net revenues were 30.22 billion euros. The total budget balance for May showed a surplus

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  3. Jobs in tourism push May hiring balance upwards
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s employment balance in May had 132,730 more hires than departures, according to data from the Labour Ministry’s ERGANI information system. The hiring balance in May last year was positive... hirings in May came to 368,429 hires versus 235,699 departures. Voluntary departures accounted

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  4. Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
    Image: MacroPolis

    EconomyMacroeconomy

    Greece's travel balance recorded a surplus of 2.02 billion euros in May, compared to 735.9 million euros in April, according to data released by the Bank of Greece (BoG) on Wednesday. The May balance was 10.2 percent higher than the 1.84 billion euros recorded in May 2025. Receipts for the month

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  5. Return to bond markets to buoy coalition, may leave SYRIZA floundering
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    the coalition's case heading into local and European Parliament elections in May. Since being... campaigning tool for May's polls. However, they will now pivot to the return to bond markets, outlining... ahead of the European elections on May 25, when New Democracy will be hoping to hold off SYRIZA's

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  6. Greek economic sentiment for May at highest point since August 2008

    EconomyMacroeconomy

    Greece’s economic sentiment improved by 3.7 points to 99.1 in May, after falling by 2.1 points... points so far. The May figure is the highest reading since August 2008, when it stood at 101.4 points... for the third straight month, rising by 2.5 points in May to -52.5 following a 4.7-point increase

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  7. Greek trade deficit up by 21.9 pct in May as exports sink further

    EconomyMacroeconomy

    The rate of increase in Greece’s trade deficit accelerated to 21.9 percent in May from 17.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). May’s figure indicates.... After dropping 7.5 percent in April, imports resumed an upward trend rising by 2.8 percent in May

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  8. Improving car sales in Greece continue with 27.9 pct rise in May
    Photo by MacroPolis

    EconomyMacroeconomy

    strong growth of 27.9 percent in May after surging by 47.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). Despite the slowdown, the May rate is the fourth successive reading... figures showed the number of road motor cars stood at 13,000 in May, which is the highest reading

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  9. Greek deposit rate almost stable, loan rate slightly up in May

    EconomyMacroeconomy

    month by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according... in May. On corporate lending, there were two marked movements: 1) A drop by 30 bps in loans for amounts.... Following the rate changes in May, Greek corporate lending rates remain 250-350 bps higher than

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  10. Sharp drop of 4.2 pct in Greek industrial turnover in May

    EconomyMacroeconomy

    The drop in Greece’s Turnover Index in Industry accelerated to 4.2 percent in May from a revised 0.8 percent decline in April, according to the Hellenic Statistical Authority (ELSTAT). The May... smoothed the 12-month trailing rate. The decrease by 4.2 percent in May reflects a drop in manufacturing

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