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Retail index rises another 15 pct in May from 2020 lows
EconomyMacroeconomyGreece’s retail sales index continued its impressive rise with a 15 percent year-on-year (YoY) rise in May, from a slightly revised jump of 38.8 percent in April, according to Hellenic Statistical Authority data released on Friday. This is the second, consecutive, rise of the index since October
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Unemployment at 15 pct in June
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped to 15 percent in June from a revised 15.8 percent in May, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same month of 2020, the unemployment rate was 17.8 percent. Year-on-year, the figure for those employed
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Jan budget deficit confirmed at 15 mln, revenues 610 mln short and spending underexecuted
EconomyMacroeconomyThe budget primary balance for the first month of 2022 came to a small surplus of 15 million euros, compared to a deficit of 1.47 billion euros in the same month last year, according to the final Finance Ministry (MoF) budget execution data released on Friday. The primary balance is well ahead
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Industrial turnover up 42 pct YoY in Aug, but drops 15 pct MoM
EconomyMacroeconomy, industrial turnover in the total market decreased by 15 percent, led by decreases of 15.1 percent
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15% Uncertainty: Greece, Europe and the tariff shockwave
AgoraOver the past year the United States has reset its trade stance through a series of executive tariff moves and a high profile EU–US framework that established a 15 percent baseline levy. In this episode we’ll trace how a headline tariff number translates into real costs for businesses in Greece
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Mitsotakis steps up pressure on voters to avoid July 7 letdown
PoliticsGreek Politicson July 7, warning that if there is not a clear outcome, a second vote may have to be held in mid-August... is encouraging voters to cast their ballots on July 7, when some Greeks will be on holiday and others... that an inconclusive result on July 7 would lead to a second election a month or so later, using
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Greek exports up 7 pct in October, reach highest monthly level for 2014
EconomyFollowing a downward trend in the preceding three months, Greece’s exports rebounded by 7 percent in October, according to the flash estimate of commercial transactions released by Hellenic... is the highest reading in the year to date. In addition, the 12-month trailing index is down 7 percent
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Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI
EconomyMacroeconomyworkers. Gross earnings in May this year were up by 7 pct, largely incorporating the rise... grew by 5 pct, with the cumulative growth since 2019 up by 14 pct. Of course, the 7 pct increase up
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SYRIZA calls for vote of no confidence, as PM's apology over storm chaos fails to chime
PoliticsGreek Politicsindividual motorists who ignored weather warnings than SYRIZA supporters (15 pct, 10 pct and 1 pct... the highway managers and 7 pct who blamed motorists. Asked to comment on the compensation agreed by the road...’ Protection and Interior. Earlier this week, the party joked in an announcement that dismissing all
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Newsletter 389 - 14/07/2023
Alexis Tsipras who led the left-wing party for 15 years before resigning recently. Former finance... the GLF loans. When combined with the bond exchange, Greece will have cleared some 7 billion euros... had a presence in the country for at least two consecutive years in the past 35 years. Interior
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