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Despite seasonal recruitment in accommodation and catering, hiring balance slows to 2,999 in July
EconomyMacroeconomy, suggesting a drop of 21,396 jobs. This is partly attributed to the delay in hires last year..., with the remaining classed as layoffs. Layoffs are up by 8.5 percent compared to last year, as all..., while departures are up by 6,932. The proportion of hirings for full-time work came to 48 percent. Part
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Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
EconomyMacroeconomy, while government spending will drop by 1.5 pct, after rising by a marginal 0.2 pct in 2022. Exports..., mostly led by VAT. Income taxes will also outperform this year, up by 1.2 billion euros, thanks..., with tax revenues reaching 56.19 billion euros, with indirect taxes up by 700 million to 32.14
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Rise of fringe party complicates election arithmetic
PoliticsGreek Politicswill be held with a simple form of proportional representation. This threshold will drop to around 38 pct in the second elections, when the winning party will gain a bonus of up to 50 seats. However.... The position taken by the ND deputies was backed up by parliamentary speaker Kostas Tassoulas
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Complexities of post-election cooperation laid bare
PoliticsGreek Politicswill be able to determine who will be Prime Minister if the centre-left party teams up with the ruling... is trying to keep the Greek public in the dark by not making it clear who will end up as the country..., which is that despite seeing its support in the opinion polls drop by around 3 percentage points
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Rise of smaller parties a barrier to decisive result in first elections
PoliticsGreek PoliticsBuoyed by another opinion poll showing that his party is starting to pick up support ahead... a slight decrease of half a point, to 9 pct. There was also a 0.5 percentage point drop in the undecided..., up by 1 point since earlier in the month. Ellines is unchanged, on 3 pct. On Thursday, former
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Import prices fall sharply by 12.7 pct in Mar, as energy drops by 28.4 pct
EconomyMacroeconomysince. That said, in March 2022 the index had already started posting strong rises, being up by 34.6 percent. Month-on-month, the index posted a drop of 2.7 percent, after falling by 3.4 percent... percent, then durables by 3.1 percent. Intermediate goods were up by 1.1 percent and capital goods
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Consumer confidence takes off in May as rest of sectors deliver mixed data
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a minor drop of 0.6 points in May, falling to 108.1... to 121.7 points. The EEI is up by 11 points in the rolling 12-month period. Industry confidence... trade dropped in May to 14.8 points, from 27.2 in the previous month, up 14 points from June last year
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Producer Price Index contracts for third consecutive month, down 12.9 pct in May
EconomyMacroeconomyon Friday. The index was in negative territory for most of 2020 and up to March 2021, when it grew annually...), the index decreased by 2.6 percent, after a drop of 0.3 percent in the previous month. This is four continuous monthly contractions. The index over the rolling 12-month period is up by 14.3 percent
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NBG's NII jumps 75 pct to 1.05 bln in H1
EconomyBankinggains of 152 million euros. Pre-provision income (PPI) stood at 887 million euros in H1 2023, up by 29.... Core income stood at 1.23 billion, up by 60 percent annually. Operating expenses in H1 were 399 million euros, up by 3 percent YoY. Balance Sheet Group deposits amounted to 55.67 billion euros in H1
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Building activity continues to grow, rising by 13 pct YoY in Jun
EconomyMacroeconomyin Sterea Ellada with 30.9 percent, and the largest drop in Western Greece with 12.6 percent... issued in Western Macedonia with 31, as noted. During the first half of the year, permits were up by 11.7 percent YoY to 13,119. The corresponding surface is up by 15.3 percent while volume is also
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