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  1. Underspend and improved tax collection help budget beat target by 881 mln in July
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance came to a surplus of 3.56 billion euros in July, compared to a deficit of 1.16 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Wednesday. In the first seven months of the year, the budget

    2%

  2. Govt looks to tax bonanza for autumn handouts announcement
    Photo via https://flic.kr/p/GG7K6F

    PoliticsGreek Politics

    on the horizon, the Finance Ministry has been scrutinising the budget execution data for funds

    2%

  3. Impact of energy moderates, current account deficit narrows to 7.86 bln in 6M

    EconomyMacroeconomy

    Greece’s current deficit narrowed further to 638.2 million euros in June, from 1.65 billion euros in May, Bank of Greece (BoG) data showed on Monday. In June 2022, the balance showed a deficit of 842.2 million euros, while in June 2021 the current account posted a deficit of 1.35 billion euros

    2%

  4. Government dampens expectations for handouts in PM's speech

    PoliticsGreek Politics

    of the year, when there is a clearer picture regarding the final budget execution data for 2023, which

    2%

  5. Travel surplus rises to 5.06 bln in June as arrivals soar by 26 pct in 6M
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance recorded a surplus of 2.73 billion euros in June, from 1.54 billion euros in May, according to Bank of Greece (BoG) data released on Tuesday. June’s balance was roughly 17 percent higher than the 2.23 billion euros registered in June 2022. The balance in June 2021 was just

    2%

  6. PM under pressure to account for destruction, as wildfires stoke anti-migrant sentiment

    PoliticsGreek Politics

    the destruction wreaked by the Evia wildfires of 2021 to reach 144,000 hectares, according to data from the EU’s

    2%

  7. Income tax, VAT help generate 3.56 bln budget surplus in July as interest expenses exceed 5 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance in July was confirmed at a surplus of 3.56 billion euros, compared to a deficit of 1.16 billion euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Friday. In the first seven months of the year, the budget

    2%

  8. Building activity grows by 15.8 pct in May, up 11.5 pct in first five months
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits recorded a decent movement in May, rising by 15.8 percent year-on-year (YoY), after a modest rise of 0.9 percent in April, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday. Permits have been growing annually this year except for February, which

    2%

  9. Warning from producer prices as most categories rise YoY in July, index up 1.4 pct MoM
    Image via www.moh.gr

    EconomyMacroeconomy

    Greece’s Producer Price Index (PPI) contracted for the fifth successive month in July, dropping by 8.6 percent year-on-year (YoY), after falling by 11.7 percent in June, ELSTAT data showed on Wednesday. The index was in negative territory for most of 2020 and up to March 2021, when it grew annually

    2%

  10. Retails sales contract 1 pct in June, volumes fall as food dips by 6.2 pct YoY

    EconomyMacroeconomy

    Greece’s retail sales turned negative in June, posting a drop of 1 percent year-on-year (YoY), after a solid rise of 7.8 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The corresponding volume index recorded a sharp drop of 7.6 percent. June is the second negative

    2%