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Retail turnover rises by 11.7 pct and volume by 10.8 pct in June
EconomyMacroeconomyby 0.6 percent compared to May, while volume dropped by 1.4 percent. The latest business indicators
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PM removes under-fire ministers from posts in late-summer reshuffle
PoliticsGreek Politicssuch positions. It is also worth noting the creation of a new ministry and the latest appointments are also
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General govt balance deteriorates due to deficits of state and social security funds
EconomyMacroeconomyGreece’s general government (gg) deficit came to 9.36 billion euros in the first seven months of the year, compared with a deficit of 5.96 billion euros in the same period of 2020, according to the Finance Ministry’s (MoF) latest monthly gg bulletin. In the underlying subcategories, the state
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Hercules APS delivers largest ever quarterly NPE reduction as ratio drops to 21.3 pct in Q2
EconomyBankingThe Bank of Greece has released the latest data on non-performing loans for the second quarter of the year. It shows the NPE ratio standing at 21.3 pct - a level not seen in several years. Broken down by segment, consumer NPEs were the highest at 33.6 pct, followed by roughly equal percentage
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Price hikes pose fresh challenge for government
PoliticsGreek PoliticsThere are indications that following the latest GDP data announced this week, Mitsotakis may even have
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New Covid measures readied as doubts about key cabinet choices rub off on PM
PoliticsGreek PoliticsApostolakis to the post and 52 pct said he was right not to accept it. Covid measures The latest
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Industrial production rises 7.8 pct in Jul to continue recovery since late 2020
EconomyMacroeconomypercent. According to the European Commission’s latest business surveys for June, industry confidence
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ND aiming to sway sceptical young voters despite overall poll dominance
PoliticsGreek PoliticsA day before Kyriakos Mitsotakis is due to set out his latest policy ideas at the Thessaloniki International Fair (TIF), reports suggest that the package of measures will also include interventions aimed at young Greeks – a constituency of voters that New Democracy seems to be struggling to connect
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PM announces extensive measures to build on recovery, counter inflation and put govt on track
PoliticsGreek Politicsthat following the latest GDP data, the government now expects the economy to grow by 5.9 pct rather than
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Growth in building activity decelerates to 17.6 pct in June after post-lockdown boom
EconomyMacroeconomy. The European Commission’s latest business sentiment indicators for August showed that the construction
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