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  1. Current account deficit for Jan-Feb at 4.12 bln, significantly higher than 2021
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece posted a current account (C/A) deficit of 2.12 billion euros in February, from 1.99 billion euros in January, Bank of Greece (BoG) data showed on Wednesday. In February 2021, the balance showed a deficit of 761.7 million euros, while in February ...

    8%

  2. Building permits turn negative for first time in more than a year, falling by 10 pct in April
    Image: MacroPolis

    EconomyMacroeconomy

    The growth in building permits stopped in April, dropping by 10 percent year-on-year (YoY), after it had slowed down in March, rising by 2.8 percent, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday. This is t...

    8%

  3. EC cuts 2023 growth forecast by more than half to 1 pct
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    In the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate. Greece is expected to grow by 6 pct in 2022 in real terms, up...

    8%

  4. Current account deficit widens to 2.4 bln in Mar, oil deficit more than doubles
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current deficit in March widened to 2.4 billion euros, from a deficit of 1.32 billion euros in February, Bank of Greece (BoG) data showed on Monday. In March 2022, the balance showed a deficit of 2.53 billion euros, while in March 2021 the curr...

    8%

  5. Eurobank's NII jumps by 56.2 pct in H1 to more than 1 bln
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted an adjusted net profit of 598.5 million euros in H1 2023, compared to a profit of 755 million euros last year, a drop of 20.7 percent. The profit was adjusted by normalising other income, after deducting significant trading income items ...

    8%

  6. Athens looks for improving mood rather than tangible outcome from Erdogan visit
    Photo via https://www.tccb.gov.tr/en/

    PoliticsForeign Policy

    Athens sees the High-Level Cooperation Council between Greece and Turkey, due to take place this Thursday, as yet another opportunity for both sides to retain the positive mood in bilateral relations, which has existed for roughly the last 10 months. Ho...

    8%

  7. Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The wa...

    8%

  8. Summer optimism undermined by uptick in Covid-19 indicators and subdued expectations for tourism
    Photo by MacroPolis

    PoliticsGreek Politics

    , with occupancy rates in Covid ICU units remaining at more than 70 pct. Meanwhile, wastewater monitoring... to the fact that Greece will have more scheduled direct flights from the US this summer than ever before. On Wednesday, Mitsotakis cut the ribbon on the newly renovated Macedonia airport in Thessaloniki, one

    7%

  9. PM gives ESY clean bill of health, prompting opposition backlash
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    of total health spending, which is more than double the EU average of 14.3 percent. The gap... that hospitals and health centres nationwide have been renovated, that staff numbers are rising alongside

    7%

  10. Turkey closes borders, Greece keeps up pressure
    Photo by Richard Leonard via Flickr https://flic.kr/p/5iRa7

    PoliticsForeign Policy

    in Libya. Dendias reportedly briefed Raab on the Greek positions and “on the dangers that are being created

    7%