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Growth of industrial production moderates to 2 pct YoY in Jan
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) slowed in January with a 2 percent year-on-year (YoY) rise, after a 5.8 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. The index has been in annual growth continuously since March 2024
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OECD sees stable growth path of 2 pct in 2025, long-term challenges persist
EconomyMacroeconomyThe OECD published on Tuesday its latest economic outlook, which sees a stable growth path for Greece, broadly in line with the latest estimates by most organisations and the Greek authorities. GDP growth is projected to remain resilient at 2 pct in 2025 and 2.1 pct in 2026, supported by higher
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Rise in producer prices accelerates to 2 pct YoY in May for fifth straight increase
EconomyMacroeconomyGreece’s Producer Price Index (PPI) picked up pace in May, with a rise of 2 percent year-on-year (YoY), after an increase of 0.5 percent in April, ELSTAT data showed on Monday. This is the fifth consecutive positive reading after a period of contraction that started in March 2023. The index had
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Energy at forefront of 2 pct decline for industrial production in May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) continued its drop in May with 2 percent year-on-year (YoY), after a sharp fall of 4.2 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. This is the first back-to-back negative readings since
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Inflation broadly stable at 2 pct YoY in Oct, rents up by almost 9 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) was broadly stable in October with a rise of 2 percent year-on-year (YoY), from 1.9 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period was broadly
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Greece lays out plans for debt relief from eurozone
EconomyProgrammeservicing were decided at that Eurogroup and included: a) Lowering by 100 basis points (bps) the interest...’s budget with less than 500 million due to its already very favourable interest rate. Alternative... financing path and will impact the Greek budget at the time that resumption of payments is scheduled
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What are Greek coalition's plans for privatisation programme?
Economy(small PPC). 2) The sale of a 66 percent share in the Independent Power Transmission Operator (IPTO... Port Authority, and 100 percent of Trainose (operation and management of railway activities). In addition, the 2015 budget indicated the previous government would step up the privatization process
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The ECB's strict rules apply if you dare not comply
Agorathat the ECB is also Greece's central bank, having supplied over 100 billion euros to the country’s lenders... from the Irish government, which is about 2 percent of Ireland's GDP each year. When IBRC... the promissory notes arrangement the Irish budget would be hit for a decade with a net annual payment
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Newsletter 87 - 09/09/2016
of the state budget posted a drop from last year. The breakdown showed revenues grew by 3.58 billion... monthly drop also includes arrears’ clearance of 970 million, according to the July budget execution.... In absolute terms, the trade deficit stood at 1.34 billion euros. 2 The refugee crisis as a charade
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Newsletter 138
surplus would exceed even the 2.2 percent of GDP recorded in the draft 2018 budget and would allow..., improving from the previous month’s figure of 46 million euros. The primary surplus of the state budget... and introduced by the start of 2018 will give banks the power to warranty 100 percent of their demands against
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