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S&P leaves Greece a notch away from investment grade as outlook blurs
Economynext year, from 6 pct growth in 2022, to less than 2 pct, at 1.7 pct, on the back of energy... further next year as pandemic and energy spending gets contained. The combination of strong growth
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PM turns on PASOK, sees opportunity to revive dwindling support
PoliticsGreek PoliticsAndroulakis became its leader last year are ideologically closer to ND than they are to SYRIZA. Creating...’s chances of a strong showing at the next elections, perhaps even thrusting the socialists
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SYRIZA pushes alternative cost-of-living package but govt support still a vote-winner
PoliticsGreek PoliticsThe surprise announcement of a “Market Pass” for hard-pressed shoppers in the prime minister’s budget statement has attracted strong criticism from the opposition. New Democracy’s main rival SYRIZA... of pandemic-era debts. The announcement offered more detail than the opposition party has presented
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Election date seen hanging in balance as PM weighs pros and cons
PoliticsGreek Politicsto the 3 pct threshold for electing MPs. During the pandemic, there was a strong ultra-right presence... was a main shareholder had been awarded public contracts worth more than 400,000 euros, in breach
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Growth of industrial turnover slows in Nov, drops by 1.4 pct MoM
EconomyMacroeconomyGreece’s industrial turnover stayed strong in November, rising by 18.2 percent year-on-year (YoY), after a slightly downwards revised 25.1 percent in October, according to data released... growth rates since December last year when it grew by 22.8 percent. After more than one year
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Banks discover stress test assumptions, results due in July
EconomyBankingfor the first time in more than a decade. According to the baseline scenario announced by the EBA... and higher interest rates having strong adverse effects on private consumption and investments. Under those
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Blinken visits Athens as opportunity emerges for thaw in Greek-Turkish relations
PoliticsForeign Policythat relations between our two allies are as strong as they can be.” The US Secretary of State is expected... by the Greek government as yet another sign that bilateral relations are better and closer, than
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Current account deficit exceeded 20 bln last year, up from 12.27 bln in 2021
EconomyMacroeconomyremains strong as the oil balance reached a deficit of 839.1million euros, from 864.3 million euros last.... The oil deficit has more than doubled, from 5.88 billion in 2021 to 13.59 billion euros in 2022
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Blinken visit highlights Greece's growing role as key regional partner
PoliticsForeign Policythen, our troops have been training more closely in more places than ever. And that’s strengthening our... who came to the aid of the Turkish people. Their contributions are a strong demonstration of who
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Industrial turnover rises 17.7 pct YoY in Jan, but falls sharply MoM at home and abroad
EconomyMacroeconomyGreece’s industrial turnover remained strong in January, rising by 17.7 percent year-on-year (YoY), from 16.6 percent in December, according to data released by the Hellenic Statistical Authority... cry from the increase of 42.4 percent in August. After more than one year of contraction, the index
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