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Tsipras calls for more state intervention in energy sector as hopes for EU solution dwindle
PoliticsGreek Politicsthe highest electricity prices in Europe. The opposition leader argued that Russia’s invasion of Ukraine... coming into office, which he said resulted in increasing the country’s dependence on natural gas. He... to Farantouris’s analysis. It is not clear, however, how closely he intends to adhere to it. Notably
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ND hangs on to lead but decisive election victory hangs in balance
PoliticsGreek Politicsin at 11.4 pct. ND gained 0.6 pct since last month’s sounding, while SYRIZA stayed static and PASOK... versus SYRIZA’s 25.5 pct. Neither party has moved considerably since September, with ND retreating... pct. Finally, a sounding by Interview on behalf of Politic puts ND’s lead over SYRIZA at 7.3 pct, down
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Retail sales up by 14.1 pct in Aug, volume rises by 4.4 pct
EconomyMacroeconomyThe growth in Greece’s retail sales picked up pace in August with a rise of 14.1 percent year... index increased by 1.2 percent, from a 0.6 percent in the previous month. The volume’s monthly movement... percent and non-food by 6.4 percent. According to the latest business indicators for October, Greece’s
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Industrial production back in negative territory for Sep as electricity supply drops sharply
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped into negative territory in September, falling... by 1.3 percent and 6.8 percent rise in mining and quarrying. According to the European Commission’s.... In addition, Greece’s Manufacturing PMI resumed its slide in October, falling by 1.6 points to 48.1
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NBG reports 652 mln profit in 9M, core PPI up 14 pct
EconomyBankingto 5.9 percent and coverage stood at 83 percent, a sector high. This is in line with the bank’s... 2022, from 54.29 billion euros in H1. Gross loans were 36.09 billion euros in 9M with NBG’s loan to deposits ratio came to 56 pct in 9M, from 58 pct in H1. NBG’s participation in the ECB’s TLTRO/LTRO
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Economic sentiment partially recovers to 101.4 in Nov, consumer confidence also up
EconomyMacroeconomyGreece’s economic sentiment (ESI) showed signs of recovery in November, rising by 3 points to 101.4... the previous month. The euro area’s ESI was 93.7 points, also up by 1 point from October. The recovery in Greece’s consumer confidence following the sharp pandemic drop stalled in May 2021 and the series has
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Inflation drives up retail sales by 10.5 pct in Sep, but MoM sees 0.6 pct drop
EconomyMacroeconomyThe growth in Greece’s retail sales dropped pace in September, rising by 10.5 percent year-on-year..., after an increase by 1.2 percent in the previous month. The volume’s monthly movement was down by 1... to the latest business indicators for November, Greece’s consumer confidence was at -51.9 points
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GDP records first quarterly drop in Q3 since pandemic, 9M GDP up by 5.9 pct YoY
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP dropped by 0.5 percent quarter-on-quarter (QoQ) in the third... for the Greek economy. According to the Finance Ministry’s latest official estimates included... in October, the IMF sees this year’s recovery at 5.8 pct, and 1.8 pct in 2023. The inflation forecast
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Parties clash on surveillance bill as PM insists he is putting national security first
PoliticsGreek Politicsinto EYP’s surveillance of politicians, senior military personnel, journalists and business figures... to eavesdrop on the same targets. The prime minister has consistently denied having any knowledge of EYP’s... into Androulakis’s surveillance through institutional routes. The PASOK spokesman called the draft law
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Industrial production records first back-to-back drop since 2020 in Oct
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped further into negative territory in October... rise in mining and quarrying. According to the European Commission’s latest business surveys... year, industry confidence is down by roughly 14 points. In addition, Greece’s Manufacturing PMI
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