Search
-
Unemployment rate up to 19.2 pct in Q1, long-term jobless still falling
EconomyMacroeconomyThe Greek non-seasonally-adjusted unemployment rate stood at 19.2 percent in the first quarter (Q1) of the year, increasing from the rate of 18.7 percent noted in Q4 2018, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. Despite the r...
6% -
Mitsotakis steps up pressure on voters to avoid July 7 letdown
PoliticsGreek PoliticsOpposition leader Kyriakos Mitsotakis has increased the pressure on voters to back his party on July 7, warning that if there is not a clear outcome, a second vote may have to be held in mid-August, spoiling Greeks’ holidays. Mitsotakis’s comment is the...
6% -
PMI edges up to 54.9 in August as production, new orders soar
EconomyMacroeconomyGreece’s manufacturing PMI rose to 54.9 points in August from 54.6 points in July, according to the latest data from Markit PMI. The latest headline figure reached its highest level in four months, backed by improvements in the health of the Greek manuf...
6% -
Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankingThe Greek government appears to have submitted to the European Commission its final proposal for an Asset Purchase Scheme (APS), which it hopes will help local banks substantially reduce their stock of non-performing loans. According to a report in Kath...
6% -
Authorities aim to collect up to 11 bln after strong uptake in overdue tax scheme
EconomyThe scheme to allow taxpayers to settle their debts in 120 instalments attracted over 1.2 million applications, the government said. The scheme closed on October 7 and is expected to add extra revenue to state coffers. The deadline for the closing of th...
6% -
Disposable income rises by 5 pct YoY in Q2, final consumption up by 1 pct
EconomyMacroeconomyGreek household disposable income grew by 5 percent year-on-year (YoY) in the second quarter (Q2) of 2019, increasing from the rise of 4.9 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on Thurs...
6% -
Retail turnover increases by 1.2 pct in August, volume edges up by 0.8 pct
EconomyMacroeconomyGreece’s retail sales index increased by 1.2 percent in August, following a revised decrease of 1.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The current month’s reading is the third positive reading for the year ...
6% -
ND focusses on economic goals in run-up to budget vote
PoliticsGreek PoliticsAway from the diplomatic tension with Turkey, the 2020 budget and other economic issues are top of the government’s agenda this week. Parliament is due to vote for next year’s economic plan in the coming days and the government is hoping to use the prec...
6% -
Disposable income rises by 3.5 pct YoY in Q3, final consumption up by 0.9 pct
EconomyMacroeconomyGreek household disposable income grew by 3.5 percent year-on-year (YoY) in the third second quarter (Q2) of 2019, decreasing from the rise of 5 percent noted in the previous quarter, according to Hellenic Statistical Authority (ELSTAT) data released on...
6% -
Retail turnover edged up by 0.2 pct in Dec, annual increase at 1.3 pct
EconomyMacroeconomyGreece’s retail sales index increased by 0.2 percent in December following a rise of 4.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The current month’s reading is the seventh positive reading for the year so far....
6%