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At sidelines of UNGA, Mitsotakis talks up Greece’s prospects as energy, tech hub
PoliticsGreek PoliticsDespite the cancellation of his meeting with Turkish President Recep Tayyip Erdogan at the sidelines of the 80th United Nations General Assembly (UNGA), Prime Minister Kyriakos Mitsotakis has had a busy week of talks in New York, during which has tried ...
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Current account deficit improves significantly, reaching 6.62 bln up to Aug
EconomyMacroeconomyGreece’s current account recorded a surplus of 1.1 billion euros in August, from a surplus of 938.4 million euros in July, Bank of Greece (BoG) data released on Tuesday showed. In August 2024, the balance showed a surplus of 313.5 million euros. The Ban...
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Greece's industrial production shows no signs of reversing the negative trend
EconomyMacroeconomyThe Industrial Production Index recorded a drop of 1.8 percent in September showing a decelerating trend following a drop exceeding 7 percent in the preceding two months, according to Hellenic... recording the highest decline, while the remaining monthly readings showed a mid-single digit drop
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Narrowing of trade deficit slows in November as exports fall 22.5 pct
EconomyMacroeconomy(ELSTAT). The change to November shows a continued deceleration since the drop in the trade deficit... at a higher rate than imports. The low single-digit drop in November reflects imports falling by 15.3... of the oil bill was much smoother in 11-month exports, which exhibited a 2.5 percent drop excluding oil
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Electricity drives rare rise in Greek industrial production index
EconomyMacroeconomyin line with the 3.4 percent drop recorded in 2012. The monthly movements throughout 2013 indicate high... percent), July and August recording the highest drop (7.8 – 8.1 percent), while the other monthly readings showed a mid-single digit drop. It is worth noting that the IPI has only had five positive year
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Greek deflation slows to 1.5 pct in January
EconomyMacroeconomyThe drop in Greece’s Consumer Price Index (CPI) slowed to 1.5 percent in January from 1.7 percent... eased 1.2 percent due to a double-digit drop (-15.1 percent) in clothing and footwear most likely... as education are the two sectors mostly hit by deflation showing a drop ranging from 3.9 to 4.3 percent
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Greek retail sales dive 8.5 pct in May after brief rise in April
EconomyMacroeconomyin April. The rate of drop in May retail turnover indicates the highest negative reading since... reason, the month on month (MoM) evolution showed a drop in May retail turnover and volume by 7.2... as furniture, electrical and household equipment posted the highest YoY drop at -17.8 and -11 percent
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OECD report paints grim picture for Greece's labour market
EconomyMacroeconomy, following a 4.8 percent drop in 2012, 8.8 percent in 2011 and 6.9 percent in 2010. Except 2012... an economic adjustment program, Spain also showed a drop in each of the 4-year period ranging from -1.1 to -2.5 percent, while the respective drop in Ireland stood at slightly higher levels, between
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ELSTAT survey finds 2013 household budgets devastated, inequality persists
Societyexpenditure by sub-categories revealed that the highest YoY drop in 2013 was posted in liquid fuels (-17.56... drop. On the flipside, expenditure for medicines (+5.11 euros), cafes (+3.68 euros) and tobacco (+3.4... consumption showed a slight increase of 1.2 percent and natural gas a drop of 3.2 percent. In addition
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Slight uptick in October for Greek PMI, which remains in contraction
EconomyMacroeconomydecreased in October with production posting a drop, albeit marginal, for the third time in the last... to September. The survey also indicated a sharp drop in stocks of purchases, while stocks of finished... and a further drop in manufacturers’ charges. The movement in purchase prices reversed a marginal drop
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