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Approach to protests, policing poses a new quandary for government
PoliticsGreek Politics. Striking the right balance between ensuring that SYRIZA does not give police the type of free reign... portfolio from the Interior Ministry to the Justice Ministry amid concerns that Panousis and Interior Minister Nikos Voutsis did not see eye to eye. It was notable that Justice Minister Nikos
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Greek banks' equity raising could keep official support to a minimum
Economy. Bondholders have the option to agree to a share exchange at 100 percent of nominal value for the senior... outstanding bank bonds. Of this amount, 533 million relate to senior securities, 267 million to Tier 2 and 78 million to Tier 1 securities. Bondholders are offered the option for a share exchange at 100
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomyThe Hellenic Statistical Authority (ELSTAT) said on Tuesday that the Consumer Price Index (CPI) fell 2 percent in May, which was a faster pace compared to the preceding months. May's figures mean.... The 2 percent decrease of the CPI in May is largely due to a drop in prices of three sectors
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Industrial turnover rebounds 2 pct in November
EconomyMacroeconomyGreece’s Turnover Index in Industry rebounded by 2 percent in November after an upward revised drop of 2.9 percent in October, Hellenic Statistical Authority (ELSTAT) data displayed on Thursday... increases were posted in consumer non-durables (+5.2 percent) and intermediate goods (+2 percent
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Industrial production falls by 2 pct in February
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) declined by 2 percent in February after a 1.2 percent fall in January, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday. February’s...). The seasonally adjusted IPI fell by 2 percent, and came to 94.63 for February. The aggregate
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Government readies up to 2 bln in assistance for shuttered firms and employees
EconomyFinance Minister Christos Staikouras announced on Wednesday a second round of coronavirus-related support measures for the Greek economy, which will total roughly 2 billion euros. The measures... and processing tax refunds as soon as possible. Total state arrears stand at around 2 billion euros
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CPI falls by 2 pct YoY in September
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY) in September compared to a decline of 1.9 percent seen in August, Hellenic Statistical Authority (ELSTAT) figures showed... for September rose by 2 percent compared to August. The CPI remains at its lowest rate since July 2015 when
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CPI falls by 2 pct YoY in January as apparel and transport drop
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) fell by 2 percent year-on-year (YoY) in January compared to a decline of 2.3 percent seen in December, Hellenic Statistical Authority (ELSTAT) figures showed... the decrease of 2 percent in December. Additionally, the goods’ index fell by 2.6 percent while
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GDP grows by 1.3 pct QoQ in Q2, in line with growth estimates of 2+ pct for year
EconomyMacroeconomyto 2.7 percent year-on-year (YoY), from a 2 percent YoY rise in Q1. The quarterly movements in Q2... components recovered. Final consumption increased by 2 percent YoY, while investments also increased
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GDP continued to slow in Q4, rise for 2023 at 2 pct
EconomyMacroeconomyGDP grew by 2 percent, with final consumption up by 1.8 percent, investments down by 0.5 percent... in the latest economic outlook places Greek growth at 2.4 percent for 2023, slowing to 2 percent in 2024.
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