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  1. Trade deficit widens by 71.6 pct Jan-Apr, reaching total of 11.3 bln
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    The rise in Greece’s trade deficit accelerated in April, when it increased by 49.5 percent year-on-year (YoY), from 13.5 percent increase in March, according to data released by ELSTAT on Tuesday... with April last year. Although the latest trade deficit figure is contained compared to the figure

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  2. Property prices continue on upward trajectory with 8.6 pct rise in Q1

    EconomyMacroeconomy

    The rise in the nominal value of apartments in Greece slowed slightly to 8.6 percent year-on-year in Q1 of this year, from an upwards revised 9.5 percent in the last quarter of 2021, Bank of Greece... the first year of the pandemic. In 2019, prices increased by 7.2 percent. Old apartments - those over

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  3. Wages index down by 1.9 pct in Q1, records back-to-back annual drops
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    of 2022, dropping by 1.9 percent year-on-year (YoY), after a revised drop of 1.5 percent in the last... 2022 came to 110.8, from 110.1 at the end of last year. The index’s record high of 134.7 was posted... percent QoQ as the end of each year includes annual bonuses in the form of a 14th salary. Wages

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  4. Credit growth accelerates to 3.2 pct in May, led by loans to businesses
    Photo via https://flic.kr/p/2b9vcaC

    EconomyMacroeconomy

    Credit movement in the Greek private sector was steady at 3.2 percent year-on-year (YoY) in May, from 2.8 percent in April, and 1.6 percent in March, Bank of Greece (BoG) figures released... pct in February last year. The latest growth figure is the highest since March last year when growth

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  5. Producer prices soar by 43 pct YoY in May, but see first monthly drop since Aug 2021
    Image: https://flic.kr/p/ebWd8J

    EconomyMacroeconomy

    , with one more explosive rise in May, shooting up by 43 percent year-on-year (YoY), having jumped... in February last year, to 150.86 points. Month-on-month (MoM), the index dropped by 2.9 percent, after a rise of 2.5 percent in April. This is the first monthly drop since August last year. The rise

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  6. Trade deficit jumps by 84.7 pct in May, reaching 14.7 bln for 2022
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    The rise in Greece’s trade deficit accelerated in May, jumping by 84.7 percent year-on-year (YoY... last year. This is the second month in 2022 when the deficit exceeds 3 billion euros, after 3.13... euros. The aggregate figure for the first five months of the year showed that the trade deficit

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  7. Govt turns attention to more relief measures in absence of snap polls
    Image: https://flic.kr/p/2j6Tdii

    PoliticsGreek Politics

    for the end of New Democracy’s four-year term towards next summer. Although the opposition remains... the solidarity levy on pensions and civil service incomes at the end of the year, as well as increasing... to the minimum wage, after two rises this year, so it reaches the pre-crisis level of 751 euros, plus other tax

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  8. Fire on outskirts of Athens puts PM's crisis strategy under scrutiny
    Image: MacroPolis

    PoliticsGreek Politics

    on the centre-right government and all but killing off the prospects of snap elections later this year... of northwestern Athens. Last year’s blazes were a public relations blow for Prime Minister Kyriakos Mitsotakis... to a technocrat. However, a year on from his appointment, questions are being raised about how suitable

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  9. Industrial turnover posts 53.1 pct YoY growth in May, biggest rise during pandemic recovery
    Photo via https://flic.kr/p/8svhf

    EconomyMacroeconomy

    percent year-on-year (YoY), after a rise of 33.4 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. After more than one year of contraction... points in May. Since July last year, industry confidence is down by 7.5 points. Overall, Greece’s

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  10. Fires continue to test capabilities and spark political confrontation

    PoliticsGreek Politics

    in this year’s coordination and performance compared to last year. The improvement is credited in part... post last year after apparent failings in Greece’s firefighting strategy, which contributed, among... insistence on holding elections at the end of the government’s four-year term.

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