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  1. Newsletter 424 - 24/05/2024

    Newsletters

    reflects a drop of circa 2.5 billion euros in intergovernmental repos, lower loans to the official sector

    2%

  2. Imports soar in April, pushing trade deficit up by 35.6 pct
    Photo by Håkan Dahlström via Flickr https://flic.kr/p/5MQQVH

    EconomyMacroeconomy

    Greece’s trade deficit recorded a jump of 35.6 percent year-on-year (YoY) in April, after a drop of 7 percent in March, according to data released by ELSTAT on Friday. The deficit came to 3.01 billion euros for April. Imports totalled 7.48 billion euros, rising by almost 20 percent YoY. Exports

    2%

  3. Greece sticks to debt repayment strategy amid uncertainty caused by EU elections
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Following a disappointing result in the European Parliament elections on June 9, in which New Democracy fell almost 5 points short of its own target of 33 pct and experienced a sharp drop in support compared to the 41 pct it got just one year ago in the national elections, Prime Minister Kyriakos

    2%

  4. Parties turn focus on economy as PASOK struggles with election fallout

    PoliticsGreek Politics

    in the form of a drop in inflation, however he acknowledged that the real goal was to bring prices

    2%

  5. Credit expansion reaches just 66 mln of inflows in May

    EconomyMacroeconomy

    was positive by 105 million euros, after a drop of 730 million euros in April. Within corporate lending

    2%

  6. Growth in vehicle sales remains subdued in June, H1 up by 6.5 pct YoY
    Image: https://flic.kr/p/cBTPu

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time rose by 3.6 percent year-on-year (YoY) in June, after a drop of 0.8 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In June 2023, licences had grown by 9.2 percent annually. Car sales

    2%

  7. Scope leaves rating unchanged at BBB-, ups outlook to positive due to solid fiscal performance

    Economy

    on a favourable trajectory that will drop from the high of 207 pct of GDP in 2020 due to the pandemic

    2%

  8. Economic sentiment falls sharply in July as nearly all segments deteriorate
    Photo by MacroPolis

    EconomyMacroeconomy

    from August last year. Construction confidence also had a significant drop to 7.6 points, from 15.6

    2%

  9. Despite moderation in June, H1 hiring balance up by 34,290 jobs YoY
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s employment balance moderated in June, with 23,961 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in June last year saw 28,761 more hires, a year-on-year drop of 4,800 jobs as seasonal hires took place in previous

    2%

  10. Trade deficit moderates in June, up 10.5 pct YoY in H1
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit recorded a drop of 9.8 percent year-on-year (YoY) in June, after a solid rise of 13.6 percent in May, according to data released by ELSTAT on Wednesday. The deficit came to 2.35 billion euros for June. Imports totalled 6.61 billion euros, dropping by 2.5 percent YoY. Exports

    2%