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  1. VAT and income tax drive budget performance in Jun, interest bill above target by 741 mln
    Finance Ministry

    EconomyMacroeconomy

    (MoF) budget execution data released on Tuesday. In the first half of the year, the budget... to 4.59 billion euros, above target by 741 million euros. Last year, interest payments were 3.15

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  2. Growth in credit expansion slows further to 2.8 pct in Jun
    Photo via https://flic.kr/p/2mWYuuz

    EconomyMacroeconomy

    The pace of credit movement in the Greek private sector continued to slow in June, rising by 2.8 percent year-on-year (YoY), from 3.1 percent in May, Bank of Greece (BoG) figures released on Wednesday showed. Last December’s growth was the highest since the summer of 2009 with 6.3 percent, however

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  3. Deposits jump to highest since 2011 in Jun as corporate savings record significant rise
    Photo via https://flic.kr/p/MsYXsT

    EconomyMacroeconomy

    The net private sector deposit movement in the Greek banking system jumped by 3 billion euros in June, from a positive flow of 794 million euros in May, based on the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in June was 3.5 percent year on year (YoY), from 3.3

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  4. Fires cast growing shadow as new shipwreck probe is announced
    Photo by MacroPolis

    PoliticsGreek Politics

    Youth Pass stipend for Greeks turning 18 or 19 this year, and the extension of the Market Pass..., the bill envisages wage increase in the public sector from next year, which are billed as the first

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  5. Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
    Photo by MacroPolis

    Economy

    for Greece’s rating reviews during the cycle that is due in the second half of the year. Scope says... and a rigid labour market and weak external sector. Greece opened the year with a rating upgrade from Fitch

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  6. Labour bill controversy dents plans for announcements of new measures in Sep
    Photo by Gerasimos Domenikos/Fosphotos

    PoliticsGreek Politics

    will announce the extension until the end of the year of the Market Pass grocery subsidy, and that he... declared was 84.2 billion euros, from 79.7 billion in the previous year, with a total tax obligation of 8.9

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  7. CPI resumes upward trajectory in July, food inflation at 12.3 pct
    Photo via Flickr https://flic.kr/p/6KMfsR

    EconomyMacroeconomy

    Greece’s Consumer Price Index (CPI) went back above the ECB’s target of 2 pct in July, with a reading of 2.5 percent year-on-year (YoY), after growing by 1.8 percent in June, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling

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  8. Despite drop in input costs, rising agriculture output prices cause inflation concerns

    EconomyMacroeconomy

    year-on-year (YoY) in June, from 21.8 percent in the previous month. Agriculture and Livestock output

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  9. Growing challenges await PM following summer break

    PoliticsGreek Politics

    primary surplus this year. It is a pledge that Mitsotakis does not want to put at risk, particularly... wields considerable political influence despite not being due to be released from prison until next year

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  10. Government struggles to shake off impact of wildfires

    PoliticsGreek Politics

    of its tenure and not just this year. However, he will also be expected to offer proposals... a convincing case regarding this year’s wildfires and how the authorities plan to be better prepared

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