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Wildfires and healthcare failings test government over summer season
PoliticsGreek Politicswas 18,000 strong, with 4,000 firefighters and 260 new fire trucks added in the last six years, while... Georgiadis is systematically starving the public health system of funds as part of a privatisation agenda
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ELTA CEO resignation fails to stem political fallout from post office closures
PoliticsGreek Politicsincreasingly prone to missteps in its attempts to respond to crises. Given New Democracy’s strong lead... is pursuing a strategy of privatisation by stealth, favouring ELTA’s private sector rivals. Sokratis
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Rumblings spread in New Democracy in aftermath of post office fumble
PoliticsGreek PoliticsKyriakos Mitsotakis has promised to tighten rules on gun ownership and establish a strong police... of the government agenda, Hatzidakis is closely associated with privatisation initiatives and reforms
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PASOK sustains its attack on ELAS as wildfires continue to dominate agenda
PoliticsGreek PoliticsA major programmatic interview by ELAS leader Alexis Tsipras continues to elicit strong reactions from the government as well as from the main opposition party PASOK, seemingly confirming the ex-PM's... forested areas. He linked this to the part-privatisation of distribution grid operator HEDNO, noting
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Strong tourism season confirmed by Q2 accommodation turnover
EconomyMacroeconomyThe Turnover Index in Accommodation and Food Services rose by 6.7 percent in the second quarter (Q2) after a 44.9 percent increase recorded in Q1, according to Hellenic Statistical Authority (ELSTAT). Q2 figure is the third highest reading since 2006 (w...
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Greek trade deficit shrinks by 4.4 pct in October on back of strong exports
EconomyMacroeconomyAfter a sharp rise by 34.2 percent in September, Greece’s trade deficit narrowed by 4.4 percent in October, according to the Hellenic Statistical Authority (ELSTAT). The absolute figures show that the October trade deficit stood at 1.77 billion after re...
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Strong rebound of 7.7 pct in week for Greek stocks with jump in trading activity
EconomyGreek shares rebounded 7.7 percent this week for the first time in the last four weeks amid a jump in trading activity triggered by the introduction of new NBG shares last Monday and indices rebalancing. The Eurogroup Working Group (EWG) tentatively app...
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IMF sees contraction of 0.6 pct this year before strong rebound in 2017
EconomyThe International Monetary Fund has provided its latest macro forecasts for Greece in the World Economic Outlook (WEO) published on Tuesday. The fund expects Greece to return to growth in 2017 after contracting further this year. In particular, GDP is s...
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Despite strong rebound on Friday, Greek stocks dive 5.2 pct during week
EconomyDespite a rebound of 5.4 percent on Friday, the Greek stock market fell 5.2 percent this week amid the negative sentiment that prevailed in the global markets until Thursday largely fuelled by Brexit concerns. The European Stability Mechanism (ESM) boar...
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Wages index sees strong rebound of 4.6 pct in Q2
EconomyMacroeconomyThe seasonally adjusted (SA) Wages Index increased for the third straight quarter at a notably accelerating pace of 4.6 percent in the second quarter (Q2) of 2016 following a rise by 0.7 percent in Q1, Hellenic Statistical Authority (ELSTAT) figures dis...
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