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  1. Despite improvement in services, goods tip current account to deep deficit of 2 bln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece posted a current account (C/A) deficit of 2 billion euros in May, from 1.62 billion euros in April, Bank of Greece (BoG) data showed on Thursday. In May 2021, the balance showed a deficit of 1.36 billion euros, while in May 2020 the current account posted a deficit of 911 million euros

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  2. Questions posed about pace of absorption for RRF funds
    Photo by MacroPolis

    PoliticsGreek Politics

    far received 7.5 billion euros from Brussels. According to the recent data published by the Greek

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  3. Fires continue to test capabilities and spark political confrontation

    PoliticsGreek Politics

    has interpreted the poll data as a sign that New Democracy could gain a majority after a second vote

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  4. Final budget execution for June affirms solid revenues, driven by VAT and income tax
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros, compared to a deficit of 9.09 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Monday. The primary balance beat the target

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  5. Disposable income rises by 3.8 pct in Q1, saving rate drops to lowest since 2018 at -9.8 pct
    By Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Household disposable income increased by 3.8 percent year-on-year (YoY) in the first quarter (Q1) of 2022, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. The absolute figure was 30.77 billion euros, from 29.64 billion euros a year ago. A rise of 5.3 percent was noted

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  6. ND exults in Saudi Arabia deals as opposition calls for answers over spyware
    Image: www.primeminister.gr

    PoliticsGreek Politics

    concerned the creation of joint Greek-Saudi venture to construct an undersea data cable that will connect

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  7. Building permits turn negative for first time in more than a year, falling by 10 pct in April
    Image: MacroPolis

    EconomyMacroeconomy

    The growth in building permits stopped in April, dropping by 10 percent year-on-year (YoY), after it had slowed down in March, rising by 2.8 percent, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday. This is the first contraction since February 2021, when

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  8. PM pledges another billion for energy bills as govt retreats over environment bill
    Image: www.primeminister.gr

    PoliticsGreek Politics

    and just 8 pct got the maximum of up to 600 euros. This data appears to justify the complaints made

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  9. Producer prices climb by 39.9 pct in June, but record first back-to-back monthly drops since 2020
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    The pace of Greece’s Producer Price Index (PPI) annual growth slowed down further, still with another explosive rise in June of 39.9 percent year-on-year, after shooting up by 43 percent in May, ELSTAT data said on Friday. The index was in negative territory for most of 2020, and up until March

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  10. Manufacturing slips into contraction for first time since early 2021 as PMI drops by 2 pts in July
    Photo via https://flic.kr/p/N3FV1

    EconomyMacroeconomy

    Greece’s Manufacturing PMI dropped by 2 points to 49.1 in July, according to S&P Global data released on Monday. July’s PMI captured the first decline in operating conditions since February 2021, stopping a nearly year-and-half period of expansion and indicating a downturn of the conditions

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