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  1. Greece sticks to debt repayment strategy amid uncertainty caused by EU elections
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Following a disappointing result in the European Parliament elections on June 9, in which New Democracy fell almost 5 points short of its own target of 33 pct and experienced a sharp drop in support... polls by opposition parties. The French spread over bunds shot up to 74 basis points mid-week

    6%

  2. Credit expansion reaches just 66 mln of inflows in May

    EconomyMacroeconomy

    was positive by 105 million euros, after a drop of 730 million euros in April. Within corporate lending, the flow of credit to non-financial corporations was up by 78 million euros. The balance stood at 67.1

    6%

  3. Scope leaves rating unchanged at BBB-, ups outlook to positive due to solid fiscal performance

    Economy

    surplus of 2.5 pct of GDP up to 2027, beating the previous 2.1 pct of GDP outlook. This leads to modest... on a favourable trajectory that will drop from the high of 207 pct of GDP in 2020 due to the pandemic

    6%

  4. Economic sentiment falls sharply in July as nearly all segments deteriorate
    Photo by MacroPolis

    EconomyMacroeconomy

    from August last year. Construction confidence also had a significant drop to 7.6 points, from 15.6 points previously. The index is currently up by 14 points on a rolling 12-month basis.

    6%

  5. Seasonal worries add to pressure on govt as opposition highlights holiday costs, hospital staffing
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    is for its support to drop below 30 pct permanently. Ministers have been tasked with preparing... household electricity bills as summer heatwaves pushed up prices, the main opposition party SYRIZA

    6%

  6. Kasselakis worsens SYRIZA divide by replacing parliamentary leader
    Image: https://www.syriza.gr/

    PoliticsGreek Politics

    SYRIZA appears on a course to lose its position as the main opposition in Parliament, after fewer than half the party’s lawmakers backed a shake-up of the front bench sprung on them by leader... by an erstwhile ally, and the first of the autumn polls signalling a precipitous drop in popularity

    6%

  7. Industrial Production grows 10.6 pct in Jul as electricity and manufacturing lead way
    Photo via https://flic.kr/p/29HRurs

    EconomyMacroeconomy

    percent increase in manufacturing, while water supply was up by 3.4 percent. Electricity supply... in manufacturing, partially offset by 4.7 percent drop in electricity supply and 1.8 percent in water supply

    6%

  8. Data underlines Greece still has big wage gap to bridge
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    the MoU policies dictated a drop in the minimum wage to 580 euros, adding a sub-minimum wage for workers... period have dropped by 2.3 pct. In industry, labour productivity is up by 1.6 pct, whereas real wages

    6%

  9. Corporations drive sharp rise for deposits in Nov, reaching 198.01 bln
    Photo via https://flic.kr/p/95a2dS

    EconomyMacroeconomy

    to 1.55 billion and other deposits were up by 197 million to 37.6 billion. Corporate deposits... government, increased by 3.07 billion euros to 205.82 billion euros, after a 1.87-billion euros drop

    6%

  10. Unemployment rate remains in single-digit territory for Nov, at 9.6 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in November, edging down up to 9.6 percent, from 9.8 percent in the previous month, Hellenic Statistical... of 2023, amounting to 454,695, an 9.5 percent drop. Unemployment is moving away from the half million

    6%