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  1. Car sales rise 4.9 pct YoY in Mar, down 1.7 pct in Q1
    Photo via https://flic.kr/p/WGqoVV

    EconomyMacroeconomy

    Vehicles going into circulation for the first time grew by 6.9 percent year-on-year (YoY) in March, after a decrease of 1.2 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In March 2024, licences had dropped by 9.2 percent annually. Car sales

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  2. S&P moves Greece further into investment grade with 'BBB' rating, stable outlook

    Economy

    This year’s cycle of rating reviews for Greece have stated strongly as S&P became the latest agency to upgrade GGBs by one notch to ‘BBB’, a step further into the investment grade. S&P also revised... finances in the current year. The country's fiscal trajectory appears stable and well-managed

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  3. Industrial turnover declines marginally in Feb, led by mining and local market
    Photo via https://flic.kr/p/UF5yPQ

    EconomyMacroeconomy

    Greece’s industrial turnover contracted in February, with a marginal drop of 0.3 percent year-on-year (YoY), from a 2.6 percent increase in January, according to data released by the Hellenic Statistical Authority (ELSTAT). On a rolling 12-month basis, the industrial turnover was up by 1.8 percent

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  4. Strong set of 2024 fiscal data provides space for voter-friendly handout package
    Photo via https://flic.kr/p/GG7K6F

    EconomyMacroeconomy

    , are factored into government finances. Last year, Greece had a total surplus of 3.18 billion euros... debt was 364.89 billion euros in 2024, from 369.11 billion in the previous year, leading to a debt

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  5. Mitsotakis launches mini-support package in bid to create positive momentum

    PoliticsGreek Politics

    spending measures starting in the current fiscal year. The measures total 1.1 billion in extra spending... are permanent, rather than one-off handouts, and will apply from the current year, leaving open

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  6. PM set on sharing out more economic benefits in bid to recover support
    Photo by MacroPolis

    PoliticsGreek Politics

    The government’s efforts to turn the media and public’s attention away from the Tempe issue, which dominated the agenda during the first quarter of the year, continues with the promise of more voter... that it plans to announce later this year. Election strategy This package, along with the measures announced

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  7. Primary surplus reaches 4.5 bln in March due to property tax collection, significant underspend
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 4.5 billion euros by March, compared to a surplus of 2.99 billion euros in the same period a year earlier, according to the final Finance.... Interest payments came to 2.98 billion euros, from 3.06 billion last year. PIB PIB revenues came to 1.32

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  8. Credit growth stays strong at 10.3 pct YoY in Mar due to corporate lending

    EconomyMacroeconomy

    The credit expansion in the Greek private sector remained strong in March, rising by 10.3 percent year-on-year (YoY), from 10.5 percent in the previous month, Bank of Greece (BoG) figures released on Tuesday showed. The net lending flow was positive by 1.95 billion euros after 1.41 billion euros

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  9. Corporations lead deposit growth in Mar as total nears 200 bln
    Photo via https://flic.kr/p/95a2dS

    EconomyMacroeconomy

    to the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in March was 4.8 percent year on year (YoY), from 4.5 percent in the preceding month. The outstanding balance of private sector

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  10. Retail sales growth accelerates to 5.2 pct YoY in Feb
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales picked up pace with growth of 5.2 percent year-on-year (YoY) in February, after a rise of 3.1 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The corresponding volume index also had a rise of 4.6 percent YoY, from 2.3 percent in January

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