Search
-
Newsletter 414 - 01/03/2024
has done enough to tackle the matter, believing the economy’s performance provides room for more... government policies, such as the new tax regime for the self-employed. Therefore, most of Thursday’s... of such a development are emerging. An upset in this summer’s vote might change the political landscape and put New
1% -
Industrial production grows by 10.3 pct in Jan, boosted by electricity supply
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) accelerated further in January, growing by 10.3 percent... year, the index has been growing for the last six months. Last year’s annual growth was a modest rise... offset by a 0.5 percent monthly decrease in water supply. According to the European Commission’s
1% -
Mitsotakis hits back on multiple fronts as SYRIZA sets out its economic pledges
PoliticsGreek Politicsspending plans for the health system, while opposition leader Stefanos Kasselakis presented SYRIZA’s... leader appeared at his most trenchant defending his government’s reaction to the crash, whose recent one...’s focus on Velopoulos, whose party polls in the single digits, makes sense in light of recent polls
1% -
NBG net interest income jumps 65 pct in 2023 to 2.26 bln as net profit reaches 1.2 bln
EconomyBanking. Gross loans were 35.31 billion euros in 2023 with NBG’s loan to deposits ratio coming to 58 percent, from 59 percent in 2022. NBG’s participation in the ECB’s TLTRO facilities dropped to just 1.9 billion... euros last year. The cost of risk stands at 64 points, in line with the bank’s guidance. Capital
1% -
Industrial turnover returns to growth in Jan with 3.2 pct YoY rise, falls sharply MoM
EconomyMacroeconomyGreece’s industrial turnover returned to growth in January, rising by 3.2 percent year-on-year (YoY... the foreign markets increased by 10 percent. On sentiment indicators, Greece’s Manufacturing PMI..., from the European Commission’s business indicators for February, industry confidence remained
1% -
Greek, Turkish foreign ministers hold talks with focus on short- and medium-term aims
PoliticsForeign Policyin the recent municipal elections. The mandate of President Recep Tayyip Erdogan’s government is still fresh and the country’s constitution precludes any surprising developments, Greek diplomatic sources... migrant flows from Turkey remaining stable. The Greek side assesses Ankara’s stance within
1% -
Industrial Production growth slows to 1.6 pct YoY in Feb as electricity supply drops
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) slowed down significantly in February, growing by 1.6... in the middle of last year, the index has been growing for the last six months. Last year’s annual growth.... According to the European Commission’s latest business surveys for March, industry confidence returned
1% -
IMF sees 2024 growth at 2 pct, debt on downward trend due to high primary surpluses
EconomyMacroeconomyby 2 pct in 2024, the same estimate as in October’s WEO. Next year’s growth is also broadly... the Greek Finance Ministry’s 2.9 pct growth estimate, which was the basis for the 2024 budget. The longer..., the IMF is in line with the Finance Ministry forecast for this year and Greece’s long-term fiscal
1% -
Industrial turnover grows by 3.1 pct in Feb, led by mining and domestic market
EconomyMacroeconomyGreece’s industrial turnover remained in growth in February, rising by 3.1 percent year-on-year... indicators, Greece’s Manufacturing PMI continued its expansion in March, rising to 56.9 points from... Commission’s business indicators for March, industry confidence returned to positive ground at 4.8 points
1% -
Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy
EconomyMacroeconomyoutlook for the year. The macroeconomic assumptions in this year’s budget compiled by the Finance Ministry... 4.2 pct in 2023. It has only taken a few months for some of the government’s assumptions when... in Greece’s key export markets in the eurozone. That said, even if the revised growth outlook
1%