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PMI crashed to 29.5 points in April during sharpest ever decline
EconomyMacroeconomyGreece’s manufacturing PMI plummeted to 29.5 points in April from 42.5 points in March, according to the latest data from Markit PMI. The headline figure is the worst on record since Markit began its series 21 years ago. The report noted that the corona...
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Industrial turnover posts 53.1 pct YoY growth in May, biggest rise during pandemic recovery
EconomyMacroeconomyGreece’s industrial turnover growth produced another impressive reading in May, jumping by 53.1 percent year-on-year (YoY), after a rise of 33.4 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. Af...
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SYRIZA loses Umbrella during stormy weekend
PoliticsGreek PoliticsStefanos Kasselakis’s decision to clash head-on with dissenters in his party led to members of SYRIZA’s left-wing Umbrella faction walking out over the weekend amid fears the opposition party will become a personal vehicle for its new leader. The events...
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Athens waits to be convinced of Ankara's willingness to talk
PoliticsForeign Policyto resolve the matter at The Hague and the second issue is subject to talks between Athens and Libya’s... and which led to the signing of a maritime agreement with Libya, which Greece considers illegal. They also
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Mitsotakis backs Ukraine as Athens tries to balance position with Trump administration
PoliticsForeign Policywith the Government of National Accord (GNA) of Libya in November 2019. He clarified that the project is a European... of 2023, Turkey would automatically and ceremoniously withdraw from the Turkey-Libya memorandum. We
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Mitsotakis defends his record against backdrop of tough migration package
PoliticsGreek PoliticsPlevris, was refused entry to eastern Libya for negotiations. The measures include a three-month... Mitsotakis of resorting to anti-migration policies to deflect from the failure of foreign policy in Libya
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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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PM hails Chevron bid as vote of confidence amid mixed reactions to TIF package
PoliticsGreek Politicsthe 2019 Turkey-Libya memorandum which claims some of the maritime zones south of Crete. The prospect... of missteps in relations with Egypt and Libya have led his critics to question the credibility
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Polling steadies at top but churns beneath surface as opposition support splinters
PoliticsGreek Politicsin its election result estimate. This gives the governing party a 17.1‑point lead over PASOK in raw... reaches 29.4 pct in its vote estimate — up 0.9 points from January — and stands at 21.4 pct in voting.... Marc records the socialist party at 10.7 pct in voting intention and 13 pct in its estimate, while
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Surprise 0.1 pct QoQ rise in Q4 GDP on investment rebound, 2015 recession at 0.3 pct
EconomyMacroeconomy) of 2015 as it edged up by 0.1 percent quarter on quarter (QoQ) compared to a flash estimate of 0.6... estimate and involve December data for the balance of payments and quarterly data for the labour force... but in line with Bank of Greece (BoG) estimate. However, it is lower than the initial forecasts upon
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