Search
-
GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast
EconomyMacroeconomyto 2.3 percent year-on-year (YoY), from a 2.1 percent YoY rise in Q1. The quarterly movements in Q2 were... year-on-year, while imports were up by 9.6 percent. Goods exports increased by 2 percent YoY, while.... To reach the goal of 2.5 percent annual growth the Greek economy in the second half of the year
1% -
Draft budget for 2025 sees 2.3 pct growth and strong primary surplus
EconomyMacroeconomyits time in office. Growth for this year is seen at 2.2 pct, when the 2024 budget had assumed that the Greek economy would grow by 2.9 pct. Investments for this year are also seen growing by 6.7 pct... growth slightly moderates to 0.7 pct, from 1.1 pct this year, while the unemployment rate for first
1% -
Boosted by seasonal jobs, unemployment at 9 pct in Q3 - lowest since 2009
EconomyMacroeconomyAegean at 3.1 percent. The number of long-term unemployed (more than 1 year) came to 242,000 people... not worked for more than four years, though dropping by 22.3 percent year-on-year. Most of the employed... percent year-on-year. There were 2.69 million people in permanent jobs, a rise of 0.9 percent quarterly
1% -
Government pledges more reforms, but economy set to prove deciding factor in 2025
PoliticsGreek PoliticsAfter suffering a more turbulent year than it expected, the government is aiming to regain its... that determines whether New Democracy enjoys a better year or not. In an article published... for the New Year. He explained that the ruling conservatives have a new “roadmap”, according to which
1% -
Debt position a bulwark against global turbulence
EconomyMacroeconomydebt markets with yields gradually climbing during the last quarter of last year, partly due... published just before Christmas. Greece’s debt managers presented a modest debt strategy for this year... for the year and then regular re-openings of existing issues that increase the liquidity across
1% -
Newsletter 458 - 04/04/2025
for other uniformed personnel to also receive wage rises later this year as he tries to regain the support... of a total of 21.7 billion of travel receipts last year coming from European Union countries, led... topped the table with 5.4 million visitors. The outlook for the eurozone this year was already
1% -
Fiscal data impressive but details suggest caution still required
EconomyMacroeconomyeven at headline level were hiked by close to 30 pct since 2022. Last year’s fiscal picture also... finances were solid last year, the public arguments seem to be missing that the data compiled... of 2025, Greece had a bumper year in privatisations, jumping to 4.18 billion euros, on the back of two
1% -
Piraeus Bank profit at 284 mln in Q1, commissions income up to 160 mln
EconomyBankingmillion euros, from a 4 million euros loss in the previous year. Total operating expenses stood at 224 million euros, from 193 million euros a year ago. Reported pre-provision income (PPI) was 185..., from 58.59 billion a year ago. The loans-to-deposits ratio was at 66 percent, while the liquidity
1% -
Newsletter 467 - 20/06/2025
fuels and electricity prices. According to ELSTAT data for CPI in May, electricity jumped year-on-year.... Last year, more than 620,000 tourists from Israel visited Greece with estimated receipts of almost 420 million euros via 3.9 million overnight stays. This year the outlook was for even stronger
1% -
Newsletter 468 - 27/06/2025
inflow of visitors from Israel, a market that brings in roughly half a billion euros per year from over 600,000 visitors, a figure that was seen rising this year closer to 800,000 travellers... was solid. Receipts exceeded 1 billion euros, jumping by 17.4 pct year-on-year (YoY). Over the first
1%