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Budget primary balance to Aug beats target by almost 6 bln as VAT, income and property taxes drive revenue outperformance
EconomyMacroeconomy-allocated expenditure of 1.71 billion euros that has not materialised yet. Interest payments came to 4.15..., RRF intakes were 1.72 billion euros and all of this allocation has taken place, with 1.36 billion
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Industrial production up by 3.9 pct in Aug as rare monthly contraction is recorded
EconomyMacroeconomy, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. The index has now grown... this year has been on a general recovery trajectory since November 2020. Month-on-month (MoM
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ND and SYRIZA prepare to set out on campaign trail
PoliticsGreek Politicsis a sure sign that elections in Greece are approaching, although the metro expansion has been.... The opposition also believes that it can convince voters that the current government has damaged the quality
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Opposition parties reject official conclusions of surveillance inquiry
PoliticsGreek PoliticsThe official report of the special parliamentary inquiry into the surveillance affair has ignited a fresh confrontation between the government and the parties of the opposition, with the latter... by the Greek intelligence service to bring closure to the affair which has divided the political scene since
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Preliminary Sep budget records 37 mln primary surplus as taxes outperform by 4.9 bln
EconomyMacroeconomy, the PIB balance landed at a deficit of roughly 3.2 billion euros. Greece has also received 1.72 billion euros from the RRF and has allocated the amount fully.
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Final budget execution data for Sep highlights overperformance in most tax categories
EconomyMacroeconomyto military procurements and the non-allocated expenditure of 1.91 billion euros that has... of this allocation has taken place, with 1.47 billion euros already in expenditure.
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In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
EconomyMacroeconomyThe cautious steps, which the Public Debt Management Agency (PDMA) has been taking since the summer as it attempts to navigate through a higher rates environment that have pushed up the entire yield... mostly aiming to show that Greece has not lost contact with the bond market. Greece is also estimated
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Growth in producer prices slows to 29.4 pct in Sep amid another monthly drop
EconomyMacroeconomy2021, when it grew annually by 9.1 percent. It has been growing ever since, gathering pace over nearly a year and half. This has taken the index from 102.63 points in February last year, to 147.38 points
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Sept economic sentiment drops to early 2021 levels, consumer confidence down by 6.7 pts
EconomyMacroeconomyof the series, but sentiment has been sliding since. Over the rolling 12-month period, the ESI is now... confidence following the sharp pandemic drop stalled in May 2021 and the series has been
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SYRIZA steps up cronyism allegations on eve of EP committee visit
PoliticsGreek Politicsof recent weeks has been to accuse the opposition of resorting to “fake news” and mudslinging... called ONEX. ONEX has been active in several areas in Greece, including the restructuring of the Syros
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