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DBRS leaves rating unchanged at 'BBB', cautions about risks and challenges
Economy1–2 years and remains on a clear downward path supported by strong fiscal performance and structural
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Milestone drilling agreement yields rare good news moment for embattled Mitsotakis
PoliticsGreek Politicsholds the concession on Block 2 in the northwest Ionian Sea, and Stena Drilling marks the first concrete step towards exploratory drilling in the Assopos 1 location. According to Energean CEO Mathios
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Q1 GDP growth slows to 0.2 pct QoQ as investments drop
EconomyMacroeconomyslightly to 2 percent year-on-year (YoY), from a 2.3 percent YoY rise in Q4. The quarterly movements... percent and services were up by 4.2 percent. Compared to Q1 2025, final consumption increased by 1
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Electricity main driver for industrial production rise of 2.1% YoY in April
EconomyMacroeconomyin the index reflects a rise of 9.8 percent in electricity and a rise of 1 percent in manufacturing... in manufacturing and 2 percent in water supply, added to a 0.5 percent drop in mining. According to the European
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Newsletter 509 - 19/06/2026
that “Freebie 1 competes with Freebie 2” and urged voters to be wary of “those who distribute what does
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Greece trying to lay 'phantom' pensions to rest
Societysecurity fund, IKA, carried out its first ever census between July 1, 2011 and September 30, 2011... Yiannis Vroutsis said that a total of 51,551 bogus pensions had been discovered with the most... defrauded the fund out of a total of about 10 million euros. In May, Alternate Finance Minister Christos
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A fierce political clash over medicine prices in Greece
PoliticsGreek Politicslast year a total of about 5.5 billion euros on some 6,800 drugs available on the local market... is for government spending on medicines to be no more than 1 percent of GDP, or 1.7 billion euros. One.... Of the 5.5 billion spent in total last year, more than 900 million (almost 17 percent) was on generic
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Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend
Economynegative contributor to the total revenue underperformance, as the respective 3-month figure fell short... expenses are mainly owed to a cut in grants to the social security sector by 27 percent or 1... of the year were in line with the target. They posted a 6.1 percent increase to 1.99 billion. The total
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OECD sees 3.3 bln euros of savings Greece can make by cutting red tape
EconomyMacroeconomy, pharmaceuticals and tourism. The last five areas account for less than 1 percent of total administrative... estimated in 2006 that total administrative costs amounted to 6.8 percent of GDP and that a reduction
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How Greek banks moved into a new era
Agora. They successfully raised a total of 8.31 billion (Alpha 1.2 billion, Eurobank 2.86, National 2.5... points (pp), followed by Piraeus at 1.3 pp, Alpha at 0.6 pp and National 0.5 pp (1 pp for Greece..., the four banks had accumulated LLRs of 43 billion corresponding to 16.6 percent of the total loan book
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