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Industrial production up by 5.5 pct in March
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) rose by 5.5 percent year-on-year (YoY) in March following a revised increase of 4.3 percent in February, Hellenic Statistical Authority (ELSTAT) data revealed on Monday. Month-on-month (MoM), the index rose by 5.8 percent after an increase of 2.3 percent
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Corporate lending leads credit to 5.5 pct growth in Jul, highest since Sep 2009
EconomyMacroeconomyCredit movement in the Greek private sector gathered more pace in July, rising by 5.5 percent year-on-year (YoY) from a 4.5 percent rise in June, and 3.3 percent in May, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expansion had remained broadly stable after reaching
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Wages index grows by 5.5 pct in Q1, slows from previous quarter
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index kept the strong growth trend rising by 5.5 percent year-on-year, from an upwards revised 8.8 percent in the last quarter of 2022, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The wages index captures employees’ gross earnings
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Drop in energy prices bring import index down by 5.5 pct YoY in Oct
EconomyMacroeconomyGreece’s import price index remained in contraction in October, dropping by 5.5 percent year-on-year (YoY), after a 10.6 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The index recorded more than one year of consecutive
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New Democracy seeks to counter with marine parks and migration policy, rhetoric
PoliticsGreek Politicsof migrants. On Saturday, for instance, he posted on X that: “The illegal immigrants who entered from Libya... to take this emergency action after a massive increase in arrivals from Libya on Crete and nearby
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Renewed concern over East Med as Turkey aims to resume drilling
PoliticsForeign Policyand designated to enforce the UN Security Council Arms embargo on Libya in place since 2011.... were not acquired by Greece under international law and that they are Turkish territory. In Libya
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Greece working on plan for multilateral talks in East Med
PoliticsForeign Policyin the proposal are Greece, Cyprus, Turkey, Egypt and Libya. The conference does not include Israel... cautious, awaiting a more detailed plan, particularly regarding how Athens intends to engage... to be Ankara’s refusal to participate in any forum that excludes Turkish Cypriots, while Libya
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GDP shows annual growth of 2.2 pct in Q3
EconomyMacroeconomyquarterly growth streak experienced by Greece began in Q2 2005 and ended in Q4 2006. GDP grew by 2.2... percent QoQ. As mentioned, the provisional estimates showed that GDP grew by 2.2 YoY after a downward... of services rose by 2.2 percent QoQ and 13 percent YoY. The MoF’s growth estimate for imports in 2018
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Govt counts cost of own energy package as hopes of coordinated EU response fade
PoliticsGreek Politics. The measures are equivalent to 2.2 pct of GDP, compared to 0.5 pct of GDP for 2021. There have also... an immediate embargo on Russian oil, asking for such a measure to be delayed until autumn or winter..., are in favour of a staged oil embargo. Political pressure The government is sticking to the narrative
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Greece, Cyprus and Israel bolster trilateral ties as Turkey looms in background
PoliticsForeign Policyties, appears willing to engage in US-led talks on maritime border disputes in the Eastern... involving Cyprus. Libya also signalled readiness for dialogue. Aguila Saleh, speaker of Libya’s House... disputes stemming from the Turkey-Libya maritime memorandum signed in 2019, which Athens deems illegal
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