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Greece's ongoing divestment from banking sector creates new lender, stirs controversy
EconomyBankingthe opposition parties and was seen as controversial as it essentially gave up all the upside in the sector... that Thrivest executes its own, which will see the Greek state holding drop to 35-37 pct. In this way... participation in the Hercules III APS will drop its NPE ratio to 3 pct, from 60 pct that is the respective
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Utilities and energy drive industrial production rise of 9.5 pct in June
EconomyMacroeconomy, after a drop of 3.4 percent in the previous month. The annual movement in the index reflects a 5.2 percent increase in manufacturing, while water supply was up by 8.9 percent. Electricity supply recorded... in water supply, partially offset by 0.8 percent drop in manufacturing and 5 percent in mining
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Deposits resume growth in Aug, rising to 195.36 bln
EconomyMacroeconomyof 1.4 billion euros, after a 607-million-euro drop in July, according to the latest Bank of Greece..., while redeemable at notice rose by 5 million to 1.55 billion and other deposits were up by 259... billion euros, after an 868-million euros drop in July.
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New medium term plan to 2028 sees tight fiscal path, moderate growth once RRF concludes
EconomyMacroeconomyaccelerating from 2.1 pct this year to 3.6 pct in 2025. The unemployment rate will drop to 9.7 pct in 2025... targets agreed with its eurozone lenders, with a primary surplus that stays stable at 2.4 pct of GDP up... of this year. The longer-term horizon estimates debt-to-GDP to drop to just short of 115 pct of GDP
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PMI at 50.3 in Sept after falling for six straight months, posting weakest reading in a year
EconomyMacroeconomy. Manufacturers responded with lower production volumes, leading to the first output drop in 20 months... production costs to customers. There was also a renewed drop in employment, and although job losses... issue, however, with output expectations for the year ahead picking up to the strongest in three
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Deposits resume rise in May, reaching 199.61 bln
EconomyMacroeconomyeuros, after a 795-million-euro drop in April, according to the latest Bank of Greece (BoG) figures... million to 1.55 billion and other deposits were up by 6 million to 35.54 billion. Corporate deposits..., increased by 1.53 billion euros to 207.49 billion euros, after a 1.1-billion euros drop in April.
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Trade deficit falls sharply in May, at 13.41 bln in 5M
EconomyMacroeconomypercent drop in April, according to data released by ELSTAT on Tuesday. The deficit came to 2.29 billion... those from non-EU countries had a sharp drop of 35.4 percent. Exports to EU countries rose by 2.6... was down by 0.5 percent, at 11.1 billion euros. Imports from EU countries were up by 4.1 percent YoY
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Newsletter 470 - 11/07/2025
suitable candidate—a drop of three points since the last survey. Despite the dip, government insiders.... Food prices were also up by 2.3 pct. Industrial Production Energy leads the decline in industrial production that recorded the first back-to-back drop since mid-2023. The index in May was down by 2
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Corruption claims, foreign policy missteps impede government’s efforts to build momentum
PoliticsGreek PoliticsDemocracy has edged up by half a point since April and now stands at 23 pct. There has been a significant drop in the backing for populist Course of Freedom, which has fallen from 14 to 10 pct. This means... seeing its support drop by 2 points. There was a significant increase in the proportion of undecided
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Electricity drags industrial production down by 0.5 pct YoY in July
EconomyMacroeconomy-on-year (YoY) drop, after a rise of 1 percent in the previous month, according to Hellenic... offset by a 2 percent drop in water supply and 4 percent in electricity. The manufacturing index... in the previous month. Since September 2024, industry confidence is up by over 3 points. In addition, Greece’s
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