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  1. Sentiment unchanged in April thanks to services gains, consumer confidence also rises

    EconomyMacroeconomy

    12-month period, the ESI in April is up 1.2 points from May last year. The average ESI in the EU stood... on positive ground at 1.9 points, down from 4.8 points in the previous month. Since May last year, industry confidence is now up by 2.2 points. The services index had a solid rise of 7 points to 46.5.

    6%

  2. Fuel and food trigger retail sales jump of 10.9 pct in Mar
    Image: https://flic.kr/p/2j6Tdii

    EconomyMacroeconomy

    ) data showed on Friday. The corresponding volume index also recorded a solid rise of 5.2 percent YoY... indicators for May, consumer confidence dropped in May to -43.8 points, from -41.7 points..., Greece’s economic sentiment (ESI) moved up in May, reaching 111 points, from 108.6 points

    6%

  3. Electricity drives drop of 4.3 pct YoY in Apr industrial production

    EconomyMacroeconomy

    to the European Commission’s latest business surveys for May, industry confidence stayed in positive... confidence is up 1.5 points. In addition, Greece’s Manufacturing PMI was unchanged in May at 53.2 points, according to S&P Global data. The manufacturing sector continued to expand in May, extending

    6%

  4. Lending to corporations drives strong credit expansion of 10.2 pct YoY in Jun
    Photo via https://flic.kr/p/MsYXsT

    EconomyMacroeconomy

    The credit expansion in the Greek private sector remained solid in June, rising by 10.2 percent... euros in May, with strong inflows over the last few months. The outstanding balance was 126.05..., after an inflow of 471 million euros in May. Within corporate lending, the flow of credit to non

    6%

  5. Territorial waters, hydrocarbon research cause friction between Athens and Ankara
    Photo via www.nato.int

    PoliticsForeign Policy

    to try to convince them that Greece is set to snatch 40,000 square kilometres from Libya's continental shelf. Akar also claimed that Turkey and Libya almost have neighbouring sea borders (EEZ or continental shelf). The signs are that Turkey is seeking a more active role in Libya. Akar's statements

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  6. Turkey's move in Mediterranean puts Mitsotakis under pressure domestically
    Photo via NATO: https://flic.kr/p/23BLDJT

    PoliticsGreek Politics

    with Libya last week to delineate maritime borders in the Mediterranean. Athens has labelled the deal “illegal,” arguing that Libya’s prime minister does not have the legal authority to sign such agreements... and creation of EEZs. Greece has also threatened to expel Libya’s ambassador in Athens. Mitsotakis has had

    6%

  7. Athens ups diplomatic effort as Turkey plans hydrocarbon research in Greek continental shelf
    www.mfa.gr

    PoliticsForeign Policy

    on the memorandum signed with the UN-recognised government in Libya’s Tripoli (GNA). Athens has also asked from... that Ankara has demarcated from its shores to the point where its sea borders meet Libya, based... Ankara for the sake of either the EU-Turkey deal on migration, or developments related to Libya

    6%

  8. Athens poised to take next steps on maritime borders
    Photo by MacroPolis

    PoliticsForeign Policy

    deposits by US ExxonMobil southwest of Crete provoked the reaction of Libya’s GNA government... and the Exclusive Economic Zone when there is a relevant agreement with Libya. The same diplomatic.... The same sources believe that this move could lead Greece and Libya to refer their dispute to the ICJ

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  9. Athens pleased about new EU-Egypt deal, seeks closer ties with Cairo

    PoliticsForeign Policy

    with flows to the Italian and Greek (from Libya to Crete) coasts. Europe is offering a "strategic... urgently needs Egypt to control migration flows from its borders with Libya and, secondly, to improve its... not control the border with Libya, from where Sudanese refugees and Egyptian migrants cross

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  10. Athens insists maritime spatial planning plans do not obstruct talks with Turkey
    Photo by MacroPolis

    PoliticsForeign Policy

    treaty with Libya in November 2019 was rejected by Greece as unlawful as the two countries... in which the main prize was Libya, and its vast oil resources. Turkey protests that it is being hemmed... of Greece with which it has not signed an EEZ agreement namely, Libya but also Albania. For the latter

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