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Strong tax revenues, major underspend lead primary surplus 3.57 bln above target in Aug
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.5 billion euros up to August, compared to a surplus of 7.57 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Thurs...
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Oct budget execution data affirms strong revenue performance
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 10.25 billion euros up to October, compared to a surplus of 13.53 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on T...
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Car sales record strong rise in Dec, grow by 5.9 pct YoY in 2025
EconomyMacroeconomyVehicles going into circulation for the first time jumped by 18.7 percent year-on-year (YoY) in December, after a drop of 1.6 percent in November, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In December 2024, licences h...
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Strong primary surplus of over 8 bln at close of 2025 as spending is contained
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.09 billion euros for 2025, compared to a surplus of 8.7 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday. Expenditure, excludi...
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Despite strong close in Dec, industrial turnover up by just 0.3 pct YoY in 2025
EconomyMacroeconomyGreece’s industrial turnover recorded a significant rise of 5.6 percent year-on-year (YoY) in December, from unchanged in November, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The previous two months were revised...
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Strong travel receipts in Jan, balance up 157.6 pct YoY
EconomyMacroeconomyGreece's travel balance recorded a surplus of 234 million euros in January, compared to 313.2 million euros in December, according to data released by the Bank of Greece (BoG) on Tuesday. The January balance was 157.6 percent higher than the 90.8 millio...
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Strong rise in food sales pushes 7 pct YoY increase in Jan retail
EconomyMacroeconomyThe growth of Greece’s retail sales jumped by 7 percent year-on-year (YoY) in January, after a rise of 6.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The corresponding volume index also rose by 4.5 per...
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The quarterly national accounts from the income side
Agora, and the clientelist control over the government is too strong, to implement truly far-reaching structural reforms... exports? There is even a third way of slicing up the GDP pie. Who receives the income that is earned
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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammethe high surplus period they had strong real GDP growth (2.7 percent) and high inflation (4 percent... to the Fund suggest that sustained periods of high primary surpluses require strong economic growth... primary surpluses that are achieved through strong fiscal adjustment are often reversed following
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Greece’s 14–29s: Ambitious, anxious and lacking trust
Societystrong desires to emigrate; about 29.3% declare a “strong” or “very strong” desire to live abroad... and values. The youngest cohort (14–18) shows particularly strong nationalist tendencies, combining... towards parties and institutions paired with a strong desire to be heard. Trust in politicised
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