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Led by a sharp drop in food sales, retail contracts by 1.4 pct YoY in Apr
EconomyMacroeconomyGreece’s retail sales resumed the contraction in April with a 1.4 percent year-on-year (YoY) drop, after a strong rebound of 11.1 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index recorded a solid decrease of 6.3 percent YoY. Sales have
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PASOK decides to hold new leadership contest as SYRIZA confusion continues
PoliticsGreek Politics, and strong alliances in the party. Geroulanos has played a prominent role under Androulakis’s leadership
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Manufacturing continues to improve, but June PMI weakest of year
EconomyMacroeconomyorders remained strong, reflecting favourable demand conditions, though the rate of increase softened
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Unemployment rate almost unchanged at 10.6 pct in May
EconomyMacroeconomythe Labour Ministry’s Ergani database showed that Greece’s employment balance had another strong month
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Mitsotakis's predecessors launch caustic attacks against PM's leadership, government policies
PoliticsGreek Politics, Karamanlis does not have such a strong pull within the party. While he does command the support
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Newsletter 430 - 05/07/2024
such a strong pull within the party. Whether Samaras is just flexing his political muscle in a bid
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Hotel and catering jobs propel May hiring balance to new record
EconomyMacroeconomyGreece’s employment balance had another solid month in May, with 126,660 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in May last year saw 95,951 more hires, a strong year-on-year improvement of 31,069 jobs. May’s balance
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Cost of living remains public's top worry, as government slashes green transition budget
PoliticsGreek PoliticsThe high cost of living and dissatisfaction with public services and the economy are feeding a pessimistic outlook among Greek voters, who continue to give New Democracy a strong lead over the opposition. The government, meanwhile, has signalled plans to halve the budget for its green transition
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Fresh turbulence at SYRIZA as opposition parties take aim at bank deal
PoliticsGreek Politicsin Parliament on Tuesday, where several opposition politicians expressed strong misgivings. New Democracy’s
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Late Easter helps retail sales rise by 14.3 pct YoY in May
EconomyMacroeconomyby a strong rise of 31.4 percent YoY in department stores, while supermarket sales were also up
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