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Energy pushes industrial turnover growth up by 38.9 pct YoY in Jul, as index records rare monthly drop
EconomyMacroeconomyGreece’s industrial turnover remained on a solid growth path in July, jumping by 38.9 percent year... while the foreign markets were up by 2.7 percent. Greece’s Manufacturing PMI dropped by just 0.3.... August’s PMI captured back-to-back, albeit modest, declines in the state of the Greek manufacturing
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Athens expects tension with Turkey to drag on as chances of talks fade
PoliticsForeign Policyas an indirect threat against Western Thrace’s sovereignty. Additionally, last week Turkish media... spokesperson said that nobody should dispute the sovereignty of the Aegean islands, adding that “now’s..., Turkey’s permanent representative at the UN, Feridun Sinirlioglu claimed that Greece
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Migration back on main political agenda
PoliticsGreek Politicsthe Turkish coastguard “violently pushing forward” migrants from Turkey’s waters towards Greek... Domestically, Mitsotakis and his party have argued that Turkey’s claims are part of a broader propaganda.... Although Athens believes Erdogan’s approach is largely linked to his need to rally the nationalist
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Govt rushes in new energy measures as Brussels decision on gas price cap deferred
PoliticsGreek Politicsfollowed Germany in voicing its support for the Commission’s proposal. In practical terms, the measures... on spyware, Androulakis attributed his own surveillance by Greece’s National Intelligence Service (EYP) to political motives, rejecting the government’s explanation that it was prompted by unspecified
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Economygrade. It is also one notch ahead of Moody’s that has its own scale and is currently at ‘Ba3’. Fitch... in April this year when S&P moved Greece one notch from investment grade. Moody’s latest rating... and 170.4 pct at the end of 2024. That said, there are several mitigating factors regarding Greece’s debt
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ND and SYRIZA prepare to set out on campaign trail
PoliticsGreek Politicsover the coming weeks as the government takes its message to the electorate ahead of next year’s... of New Democracy’s regional representations as the preparations for the actual campaign, including... for a victory in the second election, it could finish off ND’s chances of gaining an outright majority
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Despite downward revision, IMF sees Greece growing by 1.8 pct in 2023
EconomyMacroeconomyin the previous estimate in July and the eurozone’s engine Germany is now seen in a small contraction of 0.3 pct, from growth of 0.8 pct in the July forecast. Italy’s economy is also expected... previously was expected at 3.5 pct in April’s WEO, and lower than the 2.6 pct growth forecast
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Turkish missile test adds to complexity of defence assessment in Athens
PoliticsForeign Policythat the news was revealed by a foreign network and not by the Turkish media, sources noted. Tuesday’s... currently acknowledge the escalation of Turkey’s aggressiveness and share common concerns about the future... of the Greek positions on this issue. He also expressed the government’s concerns about the current situation
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Industrial turnover up 42 pct YoY in Aug, but drops 15 pct MoM
EconomyMacroeconomyGreece’s industrial turnover remained on a solid growth path in August, accelerating to 42 percent... percent while the foreign markets were down by 15.4 percent. Greece’s Manufacturing PMI improved... Global data. September’s PMI captured the third consecutive decline in the state of the Greek
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Speculation over polls heats up as parties battle over cost-of-living measures
PoliticsGreek Politics’s mind, there has been renewed speculation over the timing of polls in the new year... placed to steer the economy through the unfolding crisis. Addressing the meeting of his party’s... was open to calling elections in the spring, several weeks before the expiry of New Democracy’s term
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