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Vehicle sales down by 2.3 pct YoY in Oct due to sharp drop in new cars
EconomyMacroeconomy. Car sales in October came to 19,155 compared to 19,607 in 2023, a drop of 2.3 percent. Passenger cars... by 3 percent annually. Passenger cars were up by 3.2 percent, lorries increased by 0.7 percent
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Deposits drop by 2.26 bln in Oct to 195.51 bln
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted in October with a drop of 2.26 billion euros, after a 2.32-billion-euro rise in September, according to the latest Bank..., while redeemable at notice dropped by 23 million to 1.53 billion and other deposits were up by 52
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PMI posts moderate drop in Nov, difficulties in supply chain persist
EconomyMacroeconomyGreece’s Manufacturing PMI recorded a moderate drop in November, falling to 50.9 points, from 51.2 points in October, according to S&P Global data released on Monday. The conditions in the Greek... times lengthened further and a fresh round of accelerated price hikes led firms to step up
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The conundrum of Greek olive oil exports
EconomyFeaturesin Spain. But Greece’s olive oil export model is stuck in a rut. That’s because the vast majority... the mould of the current export model. The figures tell the story of how beneficial a change in strategy... model would increase efficiency, strengthen marketing and in turn help the branding of Greek olive oil
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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomyagainst an import model driven by private consumption, since this is not a productive model and is too similar to the consumption model which was partially responsible for sparking the Greek economic.... In absolute terms, the largest decline was noted in those owing up to 500 euros (-189,956 or -8.63 percent
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Survey shows investor interest remains solid
EconomyFeaturesinvestment. This is up from last year’s answer of 50 percent. Furthermore, 69 percent think... from 69 percent to 52 percent in the last survey, adding to hopes that Greece’s economic model... production model based on the stimulation of industrial extroversion, the integration of digital technology
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RRF proposals and Pissarides report chart direction of travel for post-pandemic Greece
PoliticsGreek Politicstransform the Greek economic model. The submission of the national proposals for the EU’s Recovery... in scope, amounting a ten-year plan for the transformation of the Greek economic model. The report... to a more extrovert model with more exports and more inward investment. The report claims
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Mitsotakis makes bid to dissuade farmers from continuing their protests
PoliticsGreek Politicsadministration is prepared to “scrape the barrel” to come up with available funds. Reports suggest... model” regarding universities, rather than the system used in Cyprus. He argued... with state-funded universities. He argued that the Cypriot model, by contrast, is more of a money
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Google mobility report illustrates stark drop in activity due to Covid-19
Society. This compared to a 94 percent drop in Italy and Spain, a 77 percent drop in Germany and a 24 percent drop... in Greece fell by 55 percent against the baseline, while in Italy the drop came to 90 percent. In Spain... percent. The Greek data showed that visits to transit stations fell by 71 percent. In Italy, the drop
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Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln
EconomyMacroeconomyin November, according to the Bank of Greece (BoG). In absolute terms, travel receipts were up... international tourist arrivals (+33.5 percent) to 537,700, which were almost offset by a significant drop.... Overall, the travel balance for 2014 showed a surplus at 11.37 billion, up 10.2 percent, implying
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