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  1. Management of RRF funds sparks new political tension
    Photo via https://flic.kr/p/GG7K6F

    PoliticsGreek Politics

    ) are investigating fraud allegations in connection to the way that up to 2.5 billion euros of EU funds... large firms even though SMEs make up 97 pct of the businesses in Greece. He added that 4.5 billion... of friction in Greek politics since it was set up almost four years ago, this is the first time

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  2. Sentiment unchanged in April thanks to services gains, consumer confidence also rises

    EconomyMacroeconomy

    12-month period, the ESI in April is up 1.2 points from May last year. The average ESI in the EU stood... to 122.6. The EEI is up by roughly 4 points in the rolling 12-month period. Industry confidence stayed..., industry confidence is now up by 2.2 points. The services index had a solid rise of 7 points to 46.5.

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  3. Vehicles licences jump by 36.3 pct in Apr thanks to strongest car sales since 2010
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    and used cars had an increase of 26.3 percent. The remainder was made up of lorries (2,525) up by 21.9 percent and buses (186) up strongly by 186.2 percent. Motorcycle sales decreased by 60 percent from... annually. Passenger cars were up by 11.6 percent, lorries decreased by 2.5 percent and buses rose

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  4. Alpha reports 211 mln profit in Q1 as NII reached 420 mln
    Photo by MacroPolis

    EconomyBanking

    (PPI) in Q1 was 322 million euros, from 269 million in Q1 2023, up by 20 percent. Asset quality... percent in Q1 and 71 percent from collateral. P&L NII was 420 million euros in Q1, up by 10 percent..., from 82 million euros last year, up by 18 percent. Trading income was up to 43 million euros, from 17

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  5. Seasonal jobs for chefs, waiters and cleaners propel April hiring balance to highest on record
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    pct of the total, with the remaining classed as layoffs and termination of contracts. Layoffs are up by 18,343 year-on-year, while voluntary exits were up by 17,291. Hirings were up by 44,907 jobs...-time work came to 63.6 percent. Part-time and shift work made up 29.4 percent and 7 percent of hirings

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  6. CPI slows to 2.4 pct in May as food price increases ease
    Photo by MacroPolis

    EconomyMacroeconomy

    , from a rise of 0.5 percent in April. In May 2023, the CPI was up by 2.8 percent YoY. The price index... percent and health increased by 2.2 percent. Education was up by 3.5 percent. Housing costs dropped..., with vegetables also up by 1.2 percent annually, fruits up by 1.7 percent and olive oil rising by 56.8 percent.

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  7. Kasselakis pushes back against growing speculation about centre-left alliance
    Image: https://www.syriza.gr/

    PoliticsGreek Politics

    concern within the “system” about Mitsotakis’s prospects and is looking for back-up to support him... cooperating. “I have said repeatedly: Cooperation is built from the bottom up, and we are present as far... the future of the Greek centre left continue, SYRIZA is trying to keep up the pressure on the government

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  8. Producer prices down by 1.4 pct YoY in May, headed by energy
    Image: https://flic.kr/p/nvyL2P

    EconomyMacroeconomy

    , and manufactured food products increased by 0.9 percent and chemical products up by 1 percent YoY. Goods sold to the foreign market were up by 5.7 percent YoY, led by pharmaceuticals that increased by 16.4 percent, food products up by 16.2 percent and refined oil products increased by 9.4 percent. In the broader

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  9. Ongoing rise in imports and tame exports elevate trade deficit to 3.39 bln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    of oil products and ships, the aggregate deficit was up by 11.1 percent, at 11.15 billion euros. Imports from EU countries were up by 2.7 percent to 17.55 billion euros, while imports from non-EU markets were also up by 2.5 percent at 17.84 billion euros. Exports to EU countries decreased 10 percent

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  10. Fresh turbulence at SYRIZA as opposition parties take aim at bank deal
    Image: https://www.syriza.gr/

    PoliticsGreek Politics

    secretariat walked out of a meeting of the planning committee set up to organise the SYRIZA party... of Kasselakis to date, called on him to apologise for his outburst. Kasselakis followed up several... decision-making mechanisms and coming up with a fresh political agenda, however no further details have

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