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Corporate lending leads credit to 5.5 pct growth in Jul, highest since Sep 2009
EconomyMacroeconomyCredit movement in the Greek private sector gathered more pace in July, rising by 5.5 percent year-on-year (YoY) from a 4.5 percent rise in June, and 3.3 percent in May, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expansion had remained broadly stable after reaching
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Wages index grows by 5.5 pct in Q1, slows from previous quarter
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index kept the strong growth trend rising by 5.5 percent year-on-year, from an upwards revised 8.8 percent in the last quarter of 2022, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The wages index captures employees’ gross earnings
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Drop in energy prices bring import index down by 5.5 pct YoY in Oct
EconomyMacroeconomyGreece’s import price index remained in contraction in October, dropping by 5.5 percent year-on-year (YoY), after a 10.6 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The index recorded more than one year of consecutive
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Reflections on Greece's balance of payments
Agora: consumption (C), investment (I), exports (X), and imports (M). Thus, when demand is equal to supply: Y = C + I + X - M. X - M describes the exports to abroad of what Greece produces in goods... domestically (including energy such as crude oil and natural gas). The balance X - M is called the “foreign
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Athens takes plunge on gas exploration, sees hope in Israel-Lebanon deal
PoliticsForeign Policyand the island of Crete. "We want to make an opening with Libya as a whole, so that we can finally... located in the area between Greece and Libya," Mitsotakis said in an interview with ANT-1 TV, last Monday. It appears that Athens has decided to begin surveys in response to the recent Turkish-Libya
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Newsletter 113 - 31/03/2017
percent in February, according to the BoG. At the same time, net deductions significantly slowed to 101... by 1.1 points in March after a decrease of 5.5 points in February. Following a cumulative decline
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Budget primary surplus at 4.5 bln in 9-month, below target on lower revenues, higher tax refunds
EconomyMacroeconomyperiod showed that primary expenditure declined by 5.5 percent to 29.71 billion, representing..., missing the target by 101 million euros. PIB expenditure also dropped by 33.7 percent to 1.78 billion
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Newsletter 136 - 20/10/2017
period showed that primary expenditure declined by 5.5 percent to 29.71 billion, representing..., missing the target by 101 million euros. The Hellenic Statistical Authority’s (ELSTAT) second estimate
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Budget primary surplus of 4.54 bln in 9-month below target despite underspend
EconomyMacroeconomydeclined by 5.5 percent to 29.71 billion, representing an underspend versus the target by 1.62 billion.... For the nine-month period, revenues fell by 50.7 percent to 1.27 billion, missing the target by 101 million
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Apartment prices rise by 7.5 pct in Q4 and 7.2 pct in 2019
EconomyMacroeconomyQ4, properties in Athens and Thessaloniki recorded YoY price increases of 11 percent and 5.5 percent... was negative by -101 million euros, recovering from net monthly outflows of -130 million euros
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