Search
-
Role of inflation in US elections gives government food for thought
EconomyMacroeconomyit will drop the trade tax for physical persons, i.e. self-employed and sole proprietors. Income... direction, with Eurostat’s HICP at 3.2 pct in October, consistently picking up pace from the 2.4 pct in May... from the current high levels, services are also pushing up prices and housing is also a driver
7% -
OECD report underlines sobering reality of economic recovery
EconomyMacroeconomythe fourth-worst spot after the Czech Republic, the Netherlands and Germany with a nominal drop. In the representative’s op-ed it is noted that when more updated data up to Q2 2024 are included the average... for basic goods over the last two years have gone up by 65 pct, which pushes the poverty rate to more
7% -
Budget exudes fiscal stability, but hints at political complications
EconomyMacroeconomyin the form of benefits or “passes.” The deep economic effects of the pandemic pushed up the debt load... pct of GDP, a significant drop of the ratio by more than 60 points since the 2020 high. Greece... will make up 34.44 billion euros, out of 80.5 billion euros of total spending. Interest payments will come
7% -
CPI at 2.7 pct in Jan as rent rise of 9.2 pct highlights housing cost difficulties
EconomyMacroeconomy. In January 2024, the CPI was up by 3.1 percent YoY. The highest annual increase was in June 2022 with 12.1.... Education was up by 2.6 percent. Housing costs also increased by 4.6 percent mainly due to rentals... Price decreases were recorded in household equipment with a drop of 0.2 percent. Food inflation has
7% -
CPI stabilises at 2.5 pct in Feb, housing costs and rents continue to climb
EconomyMacroeconomy. In February 2024, the CPI was up by 2.9 percent YoY. The highest annual increase was in June 2022... was up by 2.6 percent. Housing costs also increased by 5.1 percent mainly due to rentals for dwellings..., in the prices of heating oil and solid fuels. Price decreases were recorded in household equipment with a drop
7% -
PM's latest reshuffle off to bumpy start with first day resignation
PoliticsGreek Politicsof his party. Mitsotakis also passed up the opportunity to shrink the size of his government... of Freedom places a remarkable second with 33 pct, up 6 points since December. This is a reflection... to the top of the political agenda. The flipside of this is the dramatic drop in those who are considering
7% -
Rise in producer prices eases to 0.5 pct YoY, in growth for four straight months
EconomyMacroeconomyby 2.8 percent, from a minor drop of 0.2 percent in the previous month. Over the rolling 12-month period..., intermediate goods increased by 2.5 percent, capital goods were up by 3.1 percent, durables up
7% -
Clarity over fiscal space clears way for next set of relief measures
EconomyMacroeconomyclause regime will free up some 500 million euros of fiscal space that the government can add... an intermediate tax rate and up the level of the 40 pct tax rate that currently stands at 40,000 euros. A side.... The measures that appear certain are the drop in rents taxation, changes in the tax scale
7% -
Industrial turnover falls by 9.1 pct YoY in Apr, driven by foreign markets and manufacturing
EconomyMacroeconomyGreece’s industrial turnover accelerated its sharp decline in April, with a drop of 9.1 percent... of 5.9 percent in manufacturing and mining down by 4 percent. Monthly, the domestic market was up by 8.2... to 5.1 points, from 6.2 points in the previous month. Since June 2024, industry confidence is up 1.5
7% -
ND in danger of being blown off course by farming subsidy scandal
PoliticsGreek Politics. There was an even bigger drop – of 1 percentage point – for far-left Course of Freedom, which is now down to 9.6 pct. The Communist Party (KKE) gained 1.2 points to move up to 7.7 pct, while ultranationalist Greek Solution was up from 6.5 pct to 7.3 pct. SYRIZA remained rooted at 4.6 pct. No other party
7%