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  1. Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance
    Photo by MacroPolis

    EconomyMacroeconomy

    euros, compared to a deficit of 6.38 billion euros during the same period last year, according... until the end of February 2022, the better performance of the previous year taxes collected... of the current year, as well as the collection of the first four instalments of ENFIA, which were initially

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  2. Trade deficit of 2.9 bln in Aug takes aggregate to 23.66 bln, up by 60 pct YoY
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    percent year-on-year, according to data released by ELSTAT on Friday. This came after a 33.3 percent jump... compared with August last year. One needs to go back to early 2010 to find this level of trade deficit... billion euros. The aggregate figure for the eight months of the year showed that the trade deficit

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  3. PM mulls more assistance with energy costs through winter
    Image: https://www.flickr.com/photos/151653494@N04/

    PoliticsGreek Politics

    last year that it is acutely concerned about the impact that rising energy costs can have on voters... of year, underlining the importance that Mitsotakis has attached to keeping household bills under as much control as possible, especially as next year’s elections approach. In the absence

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  4. Education hirings offset losses in tourism for Sept as 9M figure drops by 21,394 jobs YoY
    Photo by MacroPolis

    EconomyMacroeconomy

    classed as layoffs. Layoffs are up by 21 percent compared to last year, as all Covid-related measures preserving jobs have been wound down. Hires were up by 39,266 jobs compared to September last year... is dominating the positive balance with 68,921 thanks to the start of the school year. Accommodation

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  5. Final budget execution data for Sep highlights overperformance in most tax categories
    Photo by MacroPolis

    EconomyMacroeconomy

    , compared to a deficit of 5.96 billion euros during the same period last year, according... by 5.22 billion. This overperformance is due to the better performance of the previous year taxes... of the current year, and the collection until the end of September of the five out of ten instalments

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  6. Disposable income rises by 1.7 pct in Q2, but saving rate of -14.2 pct lowest since 2014
    By Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Household disposable income increased by 1.7 percent year-on-year (YoY) in the second quarter (Q2.... The absolute figure was 32.98 billion euros, from 32.45 billion euros a year ago. A drop of 7.4 percent... by gross value added) was 19.3 percent in Q1, from 21.6 percent in Q1 last year.

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  7. Retail sales up by 14.1 pct in Aug, volume rises by 4.4 pct

    EconomyMacroeconomy

    The growth in Greece’s retail sales picked up pace in August with a rise of 14.1 percent year-on-year (YoY), following a downwards revised 11.5 percent in July, Hellenic Statistical Authority (ELSTAT... have been growing continuously since April last year when they jumped by 39.4 percent annually

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  8. Tsipras targets PM, looking to gain traction from scandals
    Image: https://www.syriza.gr/

    PoliticsGreek Politics

    to the PM, asking him to explain how free and fair elections can take place in Greece next year...” if Mitsotakis is in a position to spy on his political rivals in the runup to next year’s votes..., especially for those countries that have upcoming elections in the next year. We need to be aware

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  9. Sep trade deficit of 3.61 bln largest since 2010, 9M gap up by 62 pct

    EconomyMacroeconomy

    Greece’s trade deficit jumped in September by 70.4 percent year-on-year (YoY), after a rise of 29.9... totalled 4.73 billion euros. This is an increase of 26.3 percent compared with September last year. One... euros. The aggregate figure for the nine months of the year showed that the trade deficit increased

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  10. Cost-of-living protest adds to government's concerns

    PoliticsGreek Politics

    the second general strike this year on Wednesday as unions took to the streets to call for wage... the rising cost of electricity by subsidising bills since late last year. Greek households pay among... and the war in Ukraine. It also introduced a fuel subsidy earlier this year to help vehicle owners

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