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Konstantopoulou dominates opposition politics as PASOK and SYRIZA struggle to make mark
PoliticsGreek Politicson housing costs compared to the EU average of 19.7 pct, as per European Commission data. Christidis added
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Building activity ended 2024 strongly, permits up 14.9 pct in 2024
EconomyMacroeconomyBuilding activity closed 2024 strongly with an increase of 15.6 percent year-on-year (YoY) in December, after a rise of 6.4 percent in November, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday. The total number of permits issued in December reached 2,929, from
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Hiring balance turns positive in Feb, driven by seasonal jobs in tourism
EconomyMacroeconomyGreece’s employment balance was positive by 23,945 more hires than departures in February, according to data from the Labour Ministry’s Ergani information system. The hiring balance in February last year was also positive, with 24,543 more hires. This led to a year-on-year minor deterioration
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CPI at 2.4 pct in Mar as housing rises by 5.9 pct and food picks up pace again
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) has stabilised in the recent months, with a rise of 2.4 percent year-on-year (YoY) in March, from 2.5 percent in the previous month, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling
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Newsletter 459 - 11/04/2025
in the previous month, however, there are several alarming signs in the data behind the headline number
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Energy leads drop as import price index falls by 0.5 pct YoY in Feb
EconomyMacroeconomyGreece’s import price index posted a marginal drop in February, with a 0.5 percent year-on-year (YoY) decrease, after a 0.1 percent rise in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The previous month was the first growth in import
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Car sales rise 4.9 pct YoY in Mar, down 1.7 pct in Q1
EconomyMacroeconomyVehicles going into circulation for the first time grew by 6.9 percent year-on-year (YoY) in March, after a decrease of 1.2 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In March 2024, licences had dropped by 9.2 percent annually. Car sales
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Solid taxes and significant underspend push primary surplus 3.88 bln above target in Q1
EconomyMacroeconomyThe budget primary balance ran a surplus of 4.49 billion euros in Q1, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday. The primary balance came in at 3.88 billion euros above the target. Expenditure, excluding interest payments and the public
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Feb current account deficit improves YoY to 2.49 bln as impact of energy moderates
EconomyMacroeconomyGreece’s current account was in deficit in February of 2.49 billion, from a surplus of 1.2 billion euros in January, Bank of Greece (BoG) data showed. In February 2024, the balance showed a deficit of 3.06 billion euros. The Bank of Greece notes that this is mainly due to an improvement
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Travel surplus shrinks up to Feb as payments rise sharply
EconomyMacroeconomyGreece's travel balance recorded a surplus of 90 million euros in February, compared to 87.5 million euros in January, according to data released by the Bank of Greece (BoG) on Tuesday. The February balance was 25.8 percent lower than the 121.3 million euros recorded in February 2024. Receipts
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