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Retail turnover drops by 3 pct and volume by 0.9 pct in March
EconomyMacroeconomyGreece’s retail sales index decreased by 3 percent in March following a revised drop of 4 percent in February, Hellenic Statistical Authority data showed on Monday. The index has now dropped in 12 of the last 13 readings, showing the impact of Greece’s lockdowns. The corresponding volume index fell
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OECD ups 2021 growth estimate by nearly 3 points, underlines RRF impact
EconomyMacroeconomydeposits rising by more than 7 pct of GDP. Private consumption is seen rising by 1.6 pct in 2021 and 3
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
EconomyBankingto be concluded with 600 million euros of Sunrise 3 in 2022. Piraeus intends to have an NPE ratio of less
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July trade deficit of 3 bln takes total to 20.67 bln, up by 65.6 pct YoY
EconomyMacroeconomyThe rise in Greece’s trade deficit slowed down in July, but still increased by a sizable 33.3 percent year-on-year, according to data released by ELSTAT on Wednesday. This came after a 42.7 percent jump in June. The deficit came to virtually 3 billion euros for July. Imports totalled 7.97 billion
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New bonds drive up central government debt by 3 bln to 404.69 bln in Q2
EconomyMacroeconomyGreece’s central government debt recorded a sizable rise of over 3 billion euros to 404.69 billion euros in Q2 2023, the Finance Ministry's (MoF) debt bulletin showed on Friday. The Q2 debt movements reflect mostly a rise of roughly 3.5 billion euros in bonds with the rest of the categories staying
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Corporate taxation, underspend lead to 3 bln primary surplus in March
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of close to 3 billion euros in March, compared to a surplus of 3.08 billion euros in the same month of 2023, according to the final Finance Ministry (MoF) budget execution data released on Tuesday. In March, the budget primary balance
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Current account deficit widens to 3 bln in Mar, at 4.47 bln in Q1
EconomyMacroeconomyGreece’s current account recorded a deficit of 3 billion euros in March, from a deficit of 2.49 billion euros in February, Bank of Greece (BoG) data released on Wednesday showed. In March 2024, the balance showed a deficit of 2.5 billion euros. The Bank of Greece notes that this is mainly due
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Disposable income rises in Q2, saving rate stays negative at -3 pct
EconomyMacroeconomy. The household saving rate (defined as gross savings divided by gross disposable income) stood at -3 percent
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Economic sentiment posts modest drop in Mar, consumer confidence recovers strongly
EconomyMacroeconomyrecovered from the decline during the pandemic. Over the rolling 12-month period, the ESI in March was almost 3 points over the 103.9 of April 2022. The index hit its most recent low in May 2020 following... and on a rolling 12-month basis is improved from the -55.3 points of April last year. The Employment
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Measures set for a comeback as Covid cases climb
PoliticsGreek Politicsin local testing drives reached 6-8 pct compared to the national average of 3 pct. Local outbreaks have.... The strategy will involve a door-to-door campaign-style approach, relying on what PM Kyriakos Mitsotakis
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