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Oil balance and drop in exports pushes current account to 1.19 bln deficit in June
EconomyMacroeconomyGreece’s current account recorded a deficit of 1.19 billion euros in June, from a surplus of 196.5 million euros in May, Bank of Greece (BoG) data released on Wednesday showed. In June 2024, the balance showed a surplus of 265.7 million euros. The Bank of Greece notes that this is due
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Industrial turnover stable in June after marginal 0.1 pct YoY rise
EconomyMacroeconomyGreece’s industrial turnover was virtually unchanged in June, with a rise of 0.1 percent year-on-year (YoY), from a 2.4 percent increase in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. On a rolling 12-month basis, the industrial turnover was down
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Travel receipts rise by 8.8 pct YoY in June, arrivals drop marginally
EconomyMacroeconomyGreece's travel balance recorded a surplus of 2.98 billion euros in June, compared to 1.88 billion euros in May, according to data released by the Bank of Greece (BoG) on Thursday. The June balance was 6.9 percent higher than the 2.79 billion euros recorded in June 2024. Receipts for the month were
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Government lines up crackdown on NGOs as next piece in harsher migration policy
PoliticsGreek Politicspressures, remains to be seen. The Greek public may end up seeing his interventions, which
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PM finalises relief measures in ambitious but risky move to sway voters
PoliticsGreek Politicsthis year. While the constant publicity about the package may have contributed to anticipation
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ELSTAT resumes monthly unemployment updates after review, rate at 8 pct in July
EconomyMacroeconomyunemployment rate in May 2008. Year-on-year, the number of employed people increased by 146,753 people
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Government hopes new affordable homes bill can help alleviate housing pressure
PoliticsGreek Politicsat 70 percent of market rates for ten years, after which tenants may buy at a capped price
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Controversial migration bill divides government factions
PoliticsGreek Politicsparliamentary inquiry is also slated to take place in the coming weeks, which may uncover further evidence
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Athens seeks talks with Erdogan as Turkey steps up diplomatic activity in region
PoliticsForeign Policy. These developments may not allow this visit to take place. However, on Tuesday the European Union reiterated its
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Q2 GDP moderates further to 1.7 pct YoY as households spending slows
EconomyMacroeconomyseen at 2.3 pct for 2025. In the latest financial stability report that was published in May, Bank
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