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  1. March sees first retail sales fall for two years, volumes show consumption diving
    Photo by MacroPolis

    EconomyMacroeconomy

    percent year-on-year (YoY) in March, from a downward revised rise of 9.8 percent in February, Hellenic... percent annually. This came after sales fell continuously for nearly a year. On a monthly basis... in May to 14.8 points, from 27.2 in the previous month, up 14 points from June last year. Overall

    1%

  2. CPI growth stable at 2.8 pct in May, food inflation gathers pace at 11.6 pct
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    The rise in Greece’s Consumer Price Index (CPI) remained broadly unchanged in May, growing by 2.8 percent year-on-year (YoY), from 3 percent in April, according to the data released on Friday.... The harmonised index of consumer prices (HICP) increased by 4.1 percent year-on-year (YoY) from 4.5 percent

    1%

  3. Fitch takes no rating action as fiscal continuity remains crucial to investment grade
    Photo by MacroPolis

    EconomyMacroeconomy

    have not taken any upgrade action this year. Greece is currently one notch away from investment grade... the strong finish of last year and lower energy risks. Fitch notes that reforms are crucial... expects Greece to stick to commitments, with the primary surplus this year at 1 pct of GDP and doubling

    1%

  4. Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    million, an increase of 5 pct compared to May last year, when employment had grown by 8 pct. Since May... workers. Gross earnings in May this year were up by 7 pct, largely incorporating the rise... of May were 1,184 euros, paid out in 14 salaries and 1,382 euros on a 12-month basis. Last year, wages

    1%

  5. Budget primary surplus comfortably beats target in May as taxes outperform by 2 bln
    Finance Ministry

    EconomyMacroeconomy

    ) budget execution data released on Thursday. In the first five months of the year, the budget... persons of the previous year, collected in instalments until the end of February 2023, as well as the performance of the collection of VAT for the current year. The full revenue breakdown will be provided

    1%

  6. Travel balance up 16 pct YoY in Apr, at 1.49 bln in first four months
    Photo by MacroPolis

    EconomyMacroeconomy

    euros in 2022, up roughly 20 percent year-on-year. Travel payments rose by 27.8 percent to 262.9... period versus roughly 494.4 euros last year. Receipts from the EU27 came to 703.9 million euros... period last year, there were 2.13 million travellers.

    1%

  7. Retail sales rise by 1.5 pct in Apr, food volumes down by 4.2 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    , with a rise of 1.5 percent year-on-year (YoY), from a marginal drop of 0.3 percent in March, Hellenic.... This came after sales fell continuously for nearly a year. On a monthly basis, the seasonally adjusted... a strong drop in May, up by 19 points from July last year. Overall, Greece’s economic sentiment

    1%

  8. Where are the Conservatives?
    Image: https://twitter.com/kmitsotakis

    Agora

    increase in government employees while he was in office of 21,101 new workers per year. Number two is Kyriakos Mitsotakis (ND) who in his first term just ended with 15,413 new workers per year. Number three is Kostas Simitis (PASOK) with 14,265 new workers per year. George Papandreou (PASOK

    1%

  9. Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
    Photo by MacroPolis

    EconomyMacroeconomy

    ) budget execution data released on Monday. In the first half of the year, the budget outperformed... persons of the previous year, collected in instalments until the end of February 2023, as well as the performance of the collection of VAT for the current year. The full revenue breakdown

    1%

  10. PM takes central role as fires continue to rage
    Image: https://civilprotection.gov.gr/

    PoliticsGreek Politics

    that preparation for the fire season began earlier than ever this year, in January. It also argues that more money has been made available to municipalities this year – 25 million euros compared to 18.4 million euros last year – for them to prepare for wildfires, with the focus being on clearing

    1%