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  1. CPI stabilises at 2.5 pct in Feb, housing costs and rents continue to climb

    EconomyMacroeconomy

    The growth in Greece’s Consumer Price Index (CPI) appears to have stabilised in the recent months, with a rise of 2.5 percent year-on-year (YoY) in February, from 2.7 percent in the previous month..., and in deflation since December last year, for the first time since May 2021.

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  2. Import prices rise by 0.1 pct YoY in Jan, led by energy and non-durables
    Image: https://flic.kr/p/Tsun9u

    EconomyMacroeconomy

    Greece’s import price index started the new year virtually unchanged, with a 0.1 percent year-on-year (YoY) rise increase in January, after a 0.6 percent rise in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The previous month was the first

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  3. Moody's upgrading Greece to investment grade puts an end to painful 15-year cycle
    Photo by MacroPolis

    Economy

    back in 2023 and it was later followed by Fitch and DRBS. Last year was rather subdued in upgrades... agencies, the rating score is expected to remain unchanged in the reviews of the remainder of the year... since April last year.

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  4. PM tries to guide government to firmer ground as opposition also faces struggle
    Image: https://twitter.com/kmitsotakis

    PoliticsGreek Politics

    -friendly measures later this year, when he speaks at the Thessaloniki International Fair... lower than the level it dropped to in last year’s European Parliament elections, when... it received in the European Parliament elections last year, which triggered the removal of Kasselakis

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  5. Newsletter 457 - 28/03/2025

    Newsletters

    since New Democracy came to power, with more voter-friendly measures later this year. This, however... fallen even lower than the level it dropped to in last year’s European Parliament elections, when..., the balance of services. The goods deficit was 2.91 billion euros, from 2.66 billion euros last year

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  6. Building activity ended 2024 strongly, permits up 14.9 pct in 2024
    Photo by MacroPolis

    EconomyMacroeconomy

    Building activity closed 2024 strongly with an increase of 15.6 percent year-on-year (YoY) in December, after a rise of 6.4 percent in November, according to the data released by the Hellenic... number of permits were issued in Western Macedonia with 32. During the full year 2024, permits were

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  7. Retail sales start 2025 with 2.5 pct YoY rise, led by food
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales started the new year with growth of 2.5 percent year-on-year (YoY) in January, after a sharp drop of 5 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Monday. The corresponding volume index also had a rise of 1.9 percent YoY, from a 5.3 percent drop

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  8. Minimum wage increase crashes against reality of Greeks' low purchasing power
    Photo by MacroPolis

    Agora

    that will take the gross wage to 880 euros, paid out in 14 salaries per year, was initially..., with rents recently leading the charge with a jump of almost 10 pct year-on-year in February

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  9. Trump's tariffs create gloomy economic environment for vulnerable Greece
    Image: MacroPolis

    EconomyMacroeconomy

    of travel receipts last year coming from European Union countries, led by Germany with 3.7 billion... with 5.4 million visitors. The outlook for the eurozone this year was already subdued with the EU according... by a modest 1.2 pct this year, while Italy and France were also seen in the winter forecast growing

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  10. Trade deficit shrinks 18.3 pct YoY in Feb as imports decline

    EconomyMacroeconomy

    Greece’s trade deficit dropped sharply by 18.3 percent year-on-year (YoY) in February, after a rise of 8.5 percent in January, according to data released by ELSTAT on Monday. The deficit came to 2.44... with February 2024. In February last year, the trade deficit was 2.98 billion euros. The geographical

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