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Travel balance improves significantly in first two months of 2022
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 63 million euros in February, from 60.8 million euros in January 2022, according to Bank of Greece (BoG) data released on Thursday. February’s balance was significantly higher than the 5.4 million euros recorded in February 2021, However, lower than
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March budget primary balance short of target, but taxes continue to overperform
EconomyMacroeconomyThe budget primary balance for the first three months of 2022 was confirmed at 1.65 billion euros, compared to a deficit of 13.4 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Tuesday. The primary balance was below
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Reopening of 7-year bond affirms tougher conditions on sovereign debt market
Economypct. The shifting landscape is also evident when compared to last year’s data, when Greece also
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Growth in building permits slows to 4.3 pct YoY in Jan
EconomyMacroeconomyThe new year started with a slowdown in the growth of building permits in Greece, with total permits rising by 4.3 percent year-on-year (YoY) in January, after closing 2021 with a rise of 18.3 percent in December, according to the latest data released by the Hellenic Statistical Agency (ELSAT
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Retail sales remain on upward path, rising by 16.8 pct YoY in Feb
EconomyMacroeconomyGreece’s retail sales increased by 16.8 percent year-on-year (YoY) in February, from a slightly downwards revised 13.5 percent rise in January, Hellenic Statistical Authority (ELSTAT) data showed on Friday. It should be noted that Greece’s second lockdown was introduced in November 2020 and ran
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Spike in producer prices continues with 46.2 pct energy-led rise in March
EconomyMacroeconomyGreece’s Producer Price Index (PPI) continued its explosive rise in March, when it jumped by 46.2 percent year-on-year (YoY), after a 33.6 percent increase in February, ELSTAT data said on Friday. The index was in negative territory for most of 2020 and up until March 2021, when it grew annually
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Mitsotakis fast-tracks energy package announcement on eve of party conference
PoliticsGreek Politicsfor political gains, and it believes it has the data to back it up. It has scheduled a debate
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Newsletter 336 - 06/05/2022
of 1.836 pct. The shifting landscape is also evident when compared to last year’s data. In 2021, Greece
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Growth of trade deficit slows in Mar, Q1 rise reaches 79 pct
EconomyMacroeconomyThe rise in Greece’s trade deficit slowed in March, when it increased by 13.4 percent year-on-year (YoY), after surging by more than 170 pct in February, according to data released by ELSTAT on Friday. The deficit came to 3.29 billion euros for the month. Imports totalled 6.9 billion euros, rising
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PM sets out path to next elections as PASOK restores traditional name
PoliticsGreek Politicsenlisted some new members on Sunday, although no data was immediately made available. Androulakis
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