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  1. Credit rating reviews highlight pressure points in economy
    Photo by MacroPolis

    Economy

    one notch below. After a successful year in 2023, when Greece secured the investment grade from almost all agencies, this year S&P only upgraded the outlook to positive in April, Fitch left it stable

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  2. Mitsotakis sees poll rise despite ongoing spat with critical MP
    Photo by MacroPolis

    PoliticsGreek Politics

    . However, just over a year ago, Kasselakis’s chances of being elected SYRIZA president seemed non... the same, but he lacks the freshness that Kasselakis was able to project last year. According

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  3. Budget comfortably beats target up to Aug thanks to 2 bln excess taxes, 3.6 bln underspend
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 7.57 billion euros in August, compared to a surplus of 5.6 billion euros in the same period a year earlier, according to the final Finance.... Interest payments came to 6.56 billion euros, above target by 465 million euros. Last year, interest

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  4. Deposits resume growth in Aug, rising to 195.36 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    The net private sector deposits in the Greek banking system resumed growth in August with a rise of 1.4 billion euros, after a 607-million-euro drop in July, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in August was 3.3 percent year on year (YoY

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  5. Modest credit growth of 102 mln in Aug, led by lending to businesses
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    EconomyMacroeconomy

    The credit expansion in the Greek private sector accelerated its pace further in August, rising by 6.9 percent year-on-year (YoY), from 6.4 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by just 102 million euros after

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  6. Building activity remains in contraction for June with 1.7 pct YoY drop
    Photo by MacroPolis

    EconomyMacroeconomy

    Building activity remained in contraction in June, with a moderate drop of 1.7 percent year-on-year (YoY), after a sharp drop of 19.6 percent in May, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday. The total number of permits issued in June reached 2,418, from

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  7. Greece and Turkey take step forward in ties after leaders' talks on UNGA sidelines
    Image: https://www.primeminister.gr/

    PoliticsForeign Policy

    phase, Fidan will visit Athens by the end of the year to decide with his Greek counterpart... talks between the two FMs to take place by the end of the year and the next High-Level Cooperation

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  8. Retail sales drop by 0.2 pct YoY in July as fuel leads slide
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales saw a marginal drop of 0.2 percent year-on-year (YoY) in July, after an increase of 7.5 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index also experienced a decline in the form of a 2.8 percent YoY drop. Retail sales

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  9. Kasselakis set to be excluded from SYRIZA leadership bid after row over assets
    Image: https://www.syriza.gr/

    PoliticsGreek Politics

    expulsion from the party he was elected to lead just over a year ago. Kasselakis was ousted... will inevitably bring SYRIZA closer to dissolution after a year of gradual unravelling.

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  10. Sep CPI almost unchanged at 2.9 pct, food inflation rises above headline number again

    EconomyMacroeconomy

    The growth in Greece’s Consumer Price Index (CPI) was virtually unchanged in September with a rise of 2.9 percent year-on-year (YoY), after an increase of 3 percent in the previous month, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT). The average CPI

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