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Economic sentiment back up to pre-pandemic levels, reaching 113.4 pts in Nov
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued improving in November, rising by 1 point month-on-month (MoM) to 113.4 points, following a 3.7-point rise in October, according to European Commission figures released on Monday. Economic sentiment had been im...
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Athens trying to step up Western Balkans engagement to counter Turkey's influence
PoliticsForeign PolicyGreece is intensifying its efforts to counter Turkey’s more active role in the Western Balkans, including by strengthening relations between Athens and Kosovo. Foreign Minister Nikos Dendias insisted last Thursday that the future of the Western Balkans ...
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Building activity ends 2021 on the up, rising by 26.6 pct annually
EconomyMacroeconomyLast year ended on a high with respect to the number of building permits issued in Greece, Hellenic Statistical Authority (ELSTAT) data showed on Monday. They rose by 18.3 percent year-on-year (YoY), although this was lower than the 42.9 percent increas...
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Credit growth edges up to 1.6 pct in Mar, led by rise in business loans
EconomyMacroeconomyCredit movement in the Greek private sector accelerated slightly to 1.6 percent year-on-year (YoY) in March, from 1.4 per percent in February, 0.9 percent in January, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expansion...
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Numbers stacking up for PM to announce winter relief package
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis heads for his summer holidays on Friday knowing that upon his return he will have to decide with his ministers what relief measures the government will set out at the Thessaloniki International Fair (TIF) next month. I...
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PASOK and SYRIZA turn up heat on govt as surveillance case realigns political forces
PoliticsGreek PoliticsPolitical pressure on Prime Minister Kyriakos Mitsotakis and his government intensified on Wednesday, when PASOK leader Nikos Androulakis rejected the government’s handling of the revelation that he had been the subject of surveillance by Greece’s intel...
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Greece beefs up border security to counter migration flow
PoliticsForeign PolicyAthens believes the migration crisis has entered a new phase, calling it a hybrid attack on Greece by Turkey. As a result, the Greek government has decided to deploy additional measures to protect the country’s borders. The Council for Foreign Affairs a...
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Deposits up to highest since 2011 after 2.27 bln rise in Sep
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in September accelerated to 2.27 billion euros, after it had slowed down to just 89 million euros in August, and 483 million euros in July, based on Bank of Greece (BoG) figures release...
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Annual debt strategy almost wrapped up with 5-year bond, at 3.92 pct yield
EconomyGreece’s debt managers managed to nearly complete the debt strategy for 2023 before the first quarter has been completed, with the issue of a 5-year bond yesterday that drew 2.5 billion euros with a yield of 3.92 pct. Following the inaugural 10-year iss...
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Post-election push for Greek-Turkish talks being lined up
PoliticsForeign PolicyIt seems that there will be an internationally coordinated new effort to bring Turkey and Greece back to discussions about their longstanding disputes after elections have taken place in both countries. That was the main message from two western diploma...
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