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General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
EconomyMacroeconomyin EFSF/ESM/IMF loans which came to 250 billion euros in May and made up 69.2 percent of the total... and came to 11.79 billion in May. Bank support was unchanged month-on-month at 320 million. Gg
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Trade deficit falls by 47.7 pct in May
EconomyMacroeconomyGreece’s trade deficit fell by 47.7 percent year-on-year (YoY) in May compared to a drop of 30.3 percent in April, data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday showed... the value of oil products and ships, the trade deficit fell by 42 percent YoY in May. The aggregate
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Industrial production down by 4.9 pct YoY in May but picks up from previous month
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decreased by 4.9 percent year-on-year (YoY) in June, compared to a slightly downward revised drop of 7.8 percent year-on-year (YoY) in May, Hellenic... by 7.2 percent, following a rise of 2.9 percent in May. The annual movement in the index was driven
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PMI edges down to 48.7 points in October as output declines at fastest rate since May
EconomyMacroeconomy. The rate of decline was the fastest since May. The decline was spearheaded by a fall in new orders..., the recovery to pre-pandemic levels may be drawn out,” they concluded.
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Late May Day rallies highlight divides in left and labour movement
PoliticsGreek PoliticsA general strike and late May Day protest were held in Greece on Thursday in protest against upcoming labour legislation by the New Democracy government. The bill about to be presented in Parliament... labour issues as its own political turf, and have pointedly refused to join SYRIZA on Thursday’s May
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Trade deficit widens by 43.9 pct in May as imports soar
EconomyMacroeconomyGreece’s trade deficit rose by 43.9 percent year-on-year (YoY) in May, following a rise of 70.7 percent in April compared to an increase, according to data from the Hellenic Statistical Authority... products and ships, the trade deficit rose by 62.6 percent YoY in May. The aggregate figure for the first
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Oct CPI at highest since May 2011, led by natural gas, oil and electricity
EconomyMacroeconomy. Until May this year, when CPI posted a marginal increase of 0.1 percent, the index was in negative... observed across the economy. The latest figure of 3.4 percent has not been recorded since May 2011
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Deposit rise of 1.3 bln in May led by corporates as household savings drop
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in May stayed positive at 1.31 billion euros, from 1.35 billion euros in April, and negative movement of 989 million seen in March... back-to-back negative flows since the same period in 2019. The annual growth in May was up to 6.3
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PM targets elections in May as polls show outcome is finely balanced
PoliticsGreek Politics, the first of potentially two votes, will be held before the end of May. There had been intense speculation that Mitsotakis would opt for May 21, but some rumours suggested that he might want to wait
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Parties focus May Day messages on contrasting employment claims
PoliticsGreek PoliticsCampaign rallies taking place on May Day gave the main contenders in Greece’s upcoming parliamentary elections an opportunity to highlight their employment policies, with each claiming to have done... by Development Minister Adonis Georgiadis. Speaking at a May Day concert organised by the SYRIZA youth wing
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