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Industrial Production Index in negative territory for the year, at -2.2 pct in April
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) fell 2.2 percent in April following a downward revised 2.7 percent drop posted in March, according to the Hellenic Statistical Authority (ELSTAT... month on month at 21 points. In addition, 31 percent of the surveyed firms estimated a rise
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Rebound of 0.3 pct in Greek GDP puts annual estimate of mild recession in sight
EconomyMacroeconomyin the compliance report of the first programme review its earlier estimate pointing to a modest GDP contraction... performance, GDP should improve by 0.3 percent in Q3 and by 0.1 percent in Q4 for the full-year estimate... Statistical Authority (ELSTAT) flash estimates showed on Friday. According to previous ELSTAT figures, Q1
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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
Economyin 2020, the OECD has its estimate at 2 percent and the IMF expects 2.2 percent growth. The council... by half a percentage, from 2.3 percent in the previous official Greek estimate in the Stability Programme to 2.8 percent. At the same time, the estimate for this year’s growth is revised down to 2
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Turkey's move in Mediterranean puts Mitsotakis under pressure domestically
PoliticsGreek Politicswith Libya last week to delineate maritime borders in the Mediterranean. Athens has labelled the deal “illegal,” arguing that Libya’s prime minister does not have the legal authority to sign such agreements... and creation of EEZs. Greece has also threatened to expel Libya’s ambassador in Athens. Mitsotakis has had
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Greece positions itself as a pillar of European and NATO security
PoliticsForeign Policysecurity.” For countries like Cyprus, which is not a NATO member, the need for a more robust EU defence....” In a post on X, Whitaker hailed Greece as a “steadfast NATO ally,” offering “premier naval facilities
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Housing tops government plans for policy reset in autumn
PoliticsGreek Politics“Renovate-Rent” programme from September with the aim of assisting property owners with the upgrades... designed to offer incentives to the owners of some 600,000 properties estimated to by lying empty so
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Greek primary cash surplus reaches 1.8 bln in H1 2014
EconomyMacroeconomyprimary cash surplus amounted to 2.2 billion euros from 590 million last year. The figures provided... million correspond to gg arrears and 147 million to tax refunds’ arrears. The monthly evolution did..., primarily comes from social security funds (+417 million), followed by tax refunds (+147 million
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Consumer prices drop further by 2.2 pct in June
EconomyMacroeconomyThe Greek consumer price index (CPI) fell by 2.2 percent in June after a drop by 2.1 percent in the preceding two months, according to the Hellenic Statistical Authority (ELSTAT). This indicates... in: transport (-3.1 percent), education (-3.1 percent) and household equipment (-2.2 percent). Prices
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CPI falls by another 2.2 pct in July as VAT rises yet to be recorded
EconomyMacroeconomyThe rate of drop in the Greek consumer price index (CPI) remained at 2.2 percent for the second straight month in July, according to the Hellenic Statistical Authority (ELSTAT). As a result, the CPI.... The breakdown of the 2.2 percent YoY CPI fall showed the highest change was posted by housing (-7.4 percent
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Industrial production rises at slightly faster pace of 2.2 pct in Dec
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) increased by 2.2 percent in December after a downward revised growth of 2 percent in November, Hellenic Statistical Authority (ELSTAT) data showed... IPI rebounded 2.2 percent from the previous month, after contracting by 1 percent in November
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