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  1. More lost ground made up in Aug as travel surplus nears 3 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 2.97 billion euros in August, from 1.32 billion euros a year ago, when the tourism sector rounded off a rather tentative peak season due to the pandemic outbreak, according to Bank of Greece (BoG) data relea...

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  2. Where is Odysseus? Part 3 - Participation
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    We continue to trace the progress of Odysseus, who started a long voyage in 2018 to help bring Greece home to a sustainable and prosperous economy, seeking to navigate a high debt ratio of 185 percent of GDP towards a debt ratio of 60 percent of GDP. Th...

    24%

  3. Unemployment rate hovers at 12.5 pct in May, improves by 3 pps on last year
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) unemployment rate stayed unchanged in May, dropping to 12.5 percent, from an upwards revised 12.6 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In the same month last year, the unemp...

    24%

  4. Current account deficit narrows to 5.63 bln up to April, down 3 bln YoY
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current deficit in April narrowed to 1.78 billion euros, from 2.4 billion euros in March, Bank of Greece (BoG) data showed on Tuesday. In April 2022, the balance showed a deficit of 1.66 billion euros, while in April 2021 the current account po...

    24%

  5. VAT, income taxes help push May budget primary balance above target by more than 3 bln
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance in May was confirmed to be a surplus of 2.3 billion euros, compared to a deficit of 1.49 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Monday. In the f...

    24%

  6. Current account deficit narrows further in May, down by over 3 bln in first five months
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    Greece’s current deficit narrowed to 1.65 billion euros in May, from 1.78 billion euros in April, Bank of Greece (BoG) data showed on Friday. In May 2022, the balance showed a deficit of 2.08 billion euros, while in May 2021 the current account posted a...

    24%

  7. Economic sentiment unchanged in Dec, consumer confidence improves by 3 pts
    Image via www.deloitte.com/gr

    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) was virtually unchanged in December, falling marginally to 106 points, from 106.2 in the previous month, according to European Commission figures released on Wednesday. Over the rolling 12-month period, December’s ESI i...

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  8. Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May

    EconomyMacroeconomy

    Greece’s industrial turnover turned positive in May, with a rise of 2.6 percent year-on-year (YoY), from a 9.2 percent decrease in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. This is the first positive rea...

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  9. Greek C/A deficit to July narrowed to just 156 mln with boost from tourism

    EconomyMacroeconomy

    in the current transfers’ surplus to 1.86 billion, from just 100 million last year, owing... at the end of May called for a C/A deficit at 3 percent of GDP in 2013 and to hover around 2 percent in 2014

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  10. Greece's C/A deficit for March drops sharply to 44.4 mln

    EconomyMacroeconomy

    , from 100 million in February, chiefly due to an inflow of 200 million from the participation... of 2.7 billion recorded in February was reversed to a net inflow of 3 billion in March bringing

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