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Cabinet reshuffle rumoured as scale of flood reconstruction task begins to dawn
PoliticsGreek Politicsis a drop in the bucket compared to the total package that will be required. By some initial.... Banks estimate that up to 1.5 billion euros of loans will be frozen as part of the first package... will be Christos Stylianidis, who served as Civil Protection and Climate Crisis Minister up until the May
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Insurgent campaign from Kasselakis puts shock SYRIZA leadership win in touching distance
PoliticsGreek Politicsthan 40,000 people signed up to become new SYRIZA members on the day of the vote. Although... will depend on whether he receives the backing of any of the other three candidates who will drop out... in the second ballot. Although new members could sign up on the day for the first vote, no new memberships
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Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling
EconomyMacroeconomygrowing since March 2021. Crop output prices were up by 31.5 percent in July, while animal output prices were up by 13 percent. In crop prices, the largest rise was in olive oil, which jumped by 92.1... costs have been de-escalating, dropping by 3 percent YoY in July, after a drop of 3.1 percent
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Clash over institutional interference primes political mood ahead of local elections
PoliticsGreek Politicsthe timing was suspicious. He suggested that the real aim was to cover up the involvement of the prime... Greek Solution” in order to cover up the surveillance scandal and compromise media freedom. Left... that Greek Solution’s support for the government was a quid-pro-quo so tax authorities would drop
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NBG's NII rises by 73 pct to 1.64 bln in 9M
EconomyBankingbillion, up by 59 percent annually. Operating expenses in 9M were 602 million euros, up by 3 percent... to just 1.9 billion euros, with 6.2 billion euros drop from the end of last year. Eurosystem funding
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Final budget sees 2.9 pct growth in 2024, primary surplus at 2.1 pct of GDP
EconomyMacroeconomyup next year and a sizable primary surplus in line with the country’s fiscal commitments that support... in 2024, from 11.2 pct this year. Nominal GDP in 2024 will be 233.78 billion euros, up from 222.77... intervention on the revenue front is the drop in the solidarity levy for public sector wages, costed
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Despite strains, manufacturing remains in growth as Nov PMI reaches 50.9 pts
EconomyMacroeconomymoved up in November, on the back of higher energy costs and oil prices, which was partially offset... low. Despite the challenging environment, business expectations edged up to their highest level since... export markets, which led to the fastest drop in new work from abroad since February”, they added.
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Decline in import prices accelerates to 13.4 pct in Oct
EconomyMacroeconomyGreece’s import price index continued to contract in October, picking up pace from the previous... 12-month rolling movement was negative by 9.2 percent, from a 6.6-percent drop in the previous period... percent, then durables with 2.7 percent. Non-durables were up by 0.2 percent and intermediate goods
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Growth in industrial production slows to 3.1 pct YoY in Nov, contracts MoM
EconomyMacroeconomyto a modest rise of 2 pct. Month-on-month (MoM), the seasonally adjusted index in October recorded a drop... in manufacturing, while water supply was up by 2.7 percent. Mining rose by 5.9 percent. The manufacturing index... for nearly one year, reaching 10 months. S&P notes that the rate of growth in December picked up
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Building activity slows in Nov as permits contract by 1.2 pct YoY
EconomyMacroeconomy, with the biggest rise noted in Crete with 20.3 percent, and the largest drop in Western Macedonia with 45.5... issued in Western Macedonia with 18. During the eleven months of the year, permits were up by 7.9 percent YoY to 24,429. The corresponding surface is up by 14.8 percent while volume is also higher
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