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  1. Inflation triggers political machinations, move to increase budget spending
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    PoliticsGreek Politics

    revealed on Wednesday that an adjustment to this year’s economic plan is being prepared and will be tabled in Parliament shortly. He explained that the intervention will increase this year’s... VAT in catering and transport until the end of the year. Prime Minister Kyriakos Mitsotakis also

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  2. Travel balance improves significantly in first two months of 2022
    Photo by MacroPolis

    EconomyMacroeconomy

    . Receipts came to 133 million euros for the month, more than four times higher year-on-year, from 33... of the same period last year, but lower than the 168.5 million euros of 2020. Average expenditure per trip rose by 5.8 percent to 413.1 euros in the aggregate period versus 390.4 euros last year

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  3. Retail sales remain on upward path, rising by 16.8 pct YoY in Feb
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales increased by 16.8 percent year-on-year (YoY) in February, from a slightly... into the new year in 2021, so the annual growth captures the base effect of restrictions imposed in the previous year and a much-subdued retail season even during the annual sales. On a monthly basis

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  4. Spike in producer prices continues with 46.2 pct energy-led rise in March

    EconomyMacroeconomy

    percent year-on-year (YoY), after a 33.6 percent increase in February, ELSTAT data said on Friday... by 9.1 percent. It has been growing ever since, closing a full year that took the index from 103.72 points in March last year, to 151.62 points this year. Month-on-month (MoM), the index also jumped

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  5. Marginal growth for PMI in April as headwinds intensify
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    EconomyMacroeconomy

    , according to S&P Global data released on Tuesday. The data points to the second slowest rise in a year.... The rate of rise in input costs was the highest seen since September last year. Employment..., with the degree of optimism on the one year ahead outlook at the lowest since September of last year

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  6. Industrial production rises by 7.9 pct in Mar, driven by electricity supply

    EconomyMacroeconomy

    year-on-year (YoY), from 4.8 percent in February, according to Hellenic Statistical Authority (ELSTAT... of the first lockdown a year earlier. In October 2020, the index was down by 3.2 percent. Month-on-month... confidence fell by 6.1 points to 3.6. Since May last year, industry confidence is down by 2.2 points

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  7. Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1
    Photo by MacroPolis

    EconomyBanking

    losses of 404 million euros last year, due to 829 million euros in clean-up impairments. In Q1, clean-up... and 400 million euros respectively. At the end of Q1 this year, there were 4.7 billion euros of NPEs... to have an NPE ratio of less than 10 pct by mid-2022 and roughly 8 pct by the end of the year. P&L Pre

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  8. Growth in industrial turnover continues in Mar as manufacturing, petroleum products lead 38.3 pct rise

    EconomyMacroeconomy

    Greece’s industrial turnover growth remained strong in March, rising by 38.3 percent year-on-year... by the Hellenic Statistical Authority (ELSTAT) on Friday. After more than one year of contraction, the index... in March. The data points to the second slowest rise in a year, however, still signalling solid

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  9. Speculation about snap polls after summer revived by PM's US trip

    PoliticsGreek Politics

    -year term next year. The speculation is being driven by the administration itself, with government... insisted that he wants to see out his four-year term, thereby marking a return to “normality... if, as reported on Thursday, the eurozone decides to extend for another year the Stability and Growth Pact

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  10. PM checks up on wildfire strategy, vital to election plans

    PoliticsGreek Politics

    more air patrols on days when there is an extremely high risk of fires breaking out. Last year, Greece relied heavily on assistance from abroad to tackle the blazes. It has been decided that this year... to nature and wildlife seen last year, particularly in August, was damaging for the government

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