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  1. New Democracy tries to win over voters with crackdown on bank charges, migration
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    in less than a year that the government has stepped in to lower the fees charged by Greek banks, which... at the start of the year to lower the amounts charged for online transactions. In both cases

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  2. Lending to corporations drives strong credit expansion of 10.2 pct YoY in Jun
    Photo via https://flic.kr/p/MsYXsT

    EconomyMacroeconomy

    The credit expansion in the Greek private sector remained solid in June, rising by 10.2 percent year-on-year (YoY), from 11.3 percent in the previous month, Bank of Greece (BoG) figures released on Friday showed. The net lending flow was positive by 2.34 billion euros after an inflow of 518 million

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  3. Jump in corporate deposits takes balance to highest since Jan 2011
    Photo by MacroPolis

    EconomyMacroeconomy

    The Greek banking system’s private sector deposits grew strongly in June, with a net increase of 5.1 billion euros, after a 1.22-billion-euro drop in May, according to the latest Bank of Greece (BoG) figures released on Friday. The annual growth in June was 5.3 percent year on year (YoY), from 4.8

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  4. Mitsotakis pledges faster reforms as polls capture disaffection after subsidy scandal

    PoliticsGreek Politics

    A revised government action plan promising tangible reforms for the second half of the year was PM Kyriakos Mitsotakis’s parting gift to the cabinet at the start of the summer recess, as the latest... when he unveiled a new version of the government action plan for the second half of the year

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  5. Building activity continues to slide in Apr, 4M permits down 26 pct YoY
    Photo by MacroPolis

    EconomyMacroeconomy

    Building activity continued its slide in April with a drop of 17.3 percent year-on-year, after the collapse of 41.3 percent YoY seen in March, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday. The total number of permits issued in April reached 2,334, from 2,823

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  6. Government accused of fiasco over launch of non-state universities
    Photo by Angelos Christofilopoulos/Fosphotos

    PoliticsGreek Politics

    to start operating in the coming academic year. Earlier this week, however, Kathimerini newspaper... year. The fact that New Democracy appears to be fumbling the implementation of what was intended

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  7. Mining drives growth of 0.5 pct YoY in industrial production for June
    Photo via https://flic.kr/p/UF5yPQ

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) returned to growth in June with 0.5 percent year-on-year (YoY) rise, after a fall of 2 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. June data reversed the first back-to-back negative readings

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  8. Car market still buoyant as sales rise by 2.8 pct YoY in July
    Photo by MacroPolis

    EconomyMacroeconomy

    Vehicles going into circulation for the first time rose by 2.8 percent year-on-year (YoY) in July, after an increase of 13.4 percent in June, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In July 2024, licences had increased by 13.8 percent annually. Car sales

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  9. Government feels the heat after two days of catastrophic wildfires

    PoliticsGreek Politics

    this year, demonstrations calling for permanent contracts were suppressed by riot police. Government... of Athens. This year’s timing, however, could be more damaging as the PM hoped to use the recess

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  10. Significantly contained spending pushes July primary surplus 4.36 bln above target

    EconomyMacroeconomy

    vertical road axes, which was signed on March 29 last year. Tax refunds came to 5.05 billion euros, above... euros, above target by 303 million. Last year, interest payments were 5.84 billion euros in the same

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