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Industrial turnover growth slows to 2.2 pct YoY in Jan with modest manufacturing gains
EconomyMacroeconomyGreece’s industrial turnover growth slowed in January, rising by 2.2 percent year-on-year (YoY), from a 5.7 percent increase in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. On a rolling 12-month basis, the industrial turnover was up by 2 percent
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Property price rise slows to 8.7 pct in 2024, from 13.9 pct jump in 2023
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece slowed further in the last quarter of 2024, increasing by 6.6 percent year-on-year (YoY) from an upwards revised 8.1 percent in Q3 2024, Bank of Greece (BoG) data released on Thursday showed. There has been a gradual slowdown from the growth
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Feb prim surplus confirmed at 2.8 bln, as taxes remain strong and spending contained
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 2.8 billion euros by February, compared to a surplus of 3.38 billion euros in the same period a year earlier, according to the final Finance... from last year. PIB PIB revenues came to 190 million euros, 605 million below target. PIB
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Konstantopoulou dominates opposition politics as PASOK and SYRIZA struggle to make mark
PoliticsGreek Politicsthan 30 pct since New Democracy came to power, with more voter-friendly measures later this year..., while 44 pct want the government to see out its four-year term, which ends in 2027. Speaking
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PM pledges higher wages for armed forces in bid to win over voters, own party
PoliticsGreek Politicsand free medicines for pensioners last year. The 11 lawmakers suggest that the purchase of property... few months. This puts him in a much weaker position than he was in last year, heading towards
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Deposits continue to slide in Feb with 6.5 bln loss at start of 2025
EconomyMacroeconomypercent year on year (YoY), from 4.8 percent in the preceding month. The outstanding balance of private
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Corporate lending drives 10.5 pct YoY rise in credit expansion
EconomyMacroeconomyThe credit expansion in the Greek private sector remained strong in February, rising by 10.5 percent year-on-year (YoY), from 10 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed. The net lending flow was positive by 1.41 billion euros after a negative movement
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Opposition unable to find basis for cooperation despite public support
PoliticsGreek Politicsto this openness given that SYRIZA’s ratings have been dropping since last year and the leftist party risks...’ ownership in February 2020. Last year, Marinakis also bought the rights to use the domain
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Industrial production records marginal drop of 0.1 pct YoY in Feb due to electricity supply
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) slowed further in February with a 0.1 percent year-on-year (YoY) decline, after a 2.7 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. The index had been in annual growth continuously
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Energy leads drop as import price index falls by 0.5 pct YoY in Feb
EconomyMacroeconomyGreece’s import price index posted a marginal drop in February, with a 0.5 percent year-on-year (YoY) decrease, after a 0.1 percent rise in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The previous month was the first growth in import
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