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Industrial turnover posts slowest growth in 2 years, up 1.5 pct in March
EconomyMacroeconomyGreece’s industrial turnover remained in growth territory in March, slowing down considerably to 1.5 percent year-on-year (YoY), February, from 6.7 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursda...
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Corporate, income taxes and VAT propel tax outperformance in July above 2 bln
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 5.67 billion euros in July, compared to a surplus of 3.56 billion euros in the same month a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday. Up...
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Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The wa...
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Budget comfortably beats target up to Aug thanks to 2 bln excess taxes, 3.6 bln underspend
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 7.57 billion euros in August, compared to a surplus of 5.6 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesda...
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Deposits rise by 2 bln in Aug, reaching new recent high of 205.4 bln
EconomyMacroeconomyThe Greek banking system’s private sector deposits rose in August, with a net increase of 2.05 billion euros, after a drop of 1.15 billion euros in July, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in Jul...
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New Year reshuffle brings more MPs into cabinet, keeps key ministers in post
PoliticsGreek Politicsthe deputy agriculture minister. Interior Minister Takis Thedorikakos has also been left out of the new... Petsas has been appointed Alternate Interior Minister, to be replaced by Christos Tarantilis... to the right” and “a party-political balancing act”. The elevation to the Interior Ministry of Makis Voridis
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University bill threatens PASOK consensus as probes launched into alleged infractions by politicians
PoliticsGreek Politicsinvestigation in the Interior Ministry, which is the suspected source of the data leak, while on Tuesday.... The Interior Ministry has denied that it provides voters’ contact information, while the chief...’s EP elections, but also because the suspicions of a data leak emerged within days of the Interior
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Greece's open floodgates
Agorain by a type of Mediterranean storm known as a “medicane” that develops during this time of year... Karameros (SYRIZA) appeared on a TV panel show on Saturday wearing a fluorescent jacket of the type... that he had been selling the wrong type of clothing on his shows and that the jacket worn by the SYRIZA
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Greece and creditors reach SLA - legislation of reforms and debt relief talks next
EconomyProgramme(SLA), which paves the way for a global agreement between all sides by June 21, the date targeted... as possible in advance of the Eurogroup of 21 June 2018,” added the statement, which pointed to the work... to continue to ensure that the outstanding reforms are completed before June 21. “The mission made good
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Buoyed by polls, Mitsotakis rejects option of coalition with PASOK after first elections
PoliticsGreek Politicsinterview on Sunday, Mitsotakis said there is “no room” for cooperation with PASOK after the May 21... that Mitsotakis and his team now believe that ND can gain more than 35 pct on May 21. The result would... that an ND-PASOK coalition after May 21 is not viable. In this way, he may be able to consolidate ND’s
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