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  1. Industrial turnover drops by 10.2 pct in Jul, driven by foreign markets and manufacturing

    EconomyMacroeconomy

    since early 2021. April was the first negative reading since February 2021. The index has also been... dropping by 2.8 points in the previous month. Since September last year, industry confidence has... a 1-point increase in July. Sentiment has been improving in nine of the last 10 months, essentially

    3%

  2. Budget overperformance in Aug fuelled by VAT and income tax, spending significantly contained
    Photo by MacroPolis

    EconomyMacroeconomy

    million. Overall, the PIB balance landed at a deficit of roughly 3 billion euros. Greece has also... standards. It adds that there has been already a supplementary budget of 700 million euros spending right after the elections, the second supplementary budget that was tabled last week has 600 million

    3%

  3. PBO draws attention to effects of climate crisis on public finances
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    The Parliamentary Budget Office (PBO) has published its quarterly report, in which it confirmed..., suggesting that this should be reflected on retail prices. The current account has also narrowed.... It is noted that the state has to assume a more prominent role, also questioning whether the role

    3%

  4. Tax revenues beat target by 3.16 bln in Sep, as contained spending leads to 6 bln primary surplus
    Photo by MacroPolis

    EconomyMacroeconomy

    performance has some 1.8 billion euros, as the rest as related to timing and accounting handling.... Overall, the PIB balance landed at a deficit of roughly 3.3 billion euros. Greece has also received 1.72 billion euros from the RRF and has allocated the amount fully, with 571 million euros booked

    3%

  5. S&P awards investment grade, bringing arduous cycle for economy to a close
    Photo by MacroPolis

    Economy

    to investment grade by DBRS last month, Greece now has two investment grade ratings from the four agencies... that Greece has a sizable cash buffer of 37.2 billion euros, or 17 pct of GDP. S&P expects the economy to grow... on December 1. Fitch has Greece one notch from investment grade with a stable outlook. In its latest review

    3%

  6. VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep
    Finance Ministry

    EconomyMacroeconomy

    million. Overall, the PIB balance landed at a deficit of roughly 3.3 billion euros. Greece has also... be attributed to certain timing and accounting standards. It added that there has been already a supplementary... supplementary budget that was tabled last week has 600 million allocated to spending tied to the damage

    3%

  7. Budget continues to outperform in Oct, paving way for 350 mln Christmas handout
    Finance Ministry

    EconomyMacroeconomy

    performance has some 1.8 billion euros, as the rest as related to timing and accounting handling and notes..., the PIB balance landed at a deficit of roughly 4 billion euros. Greece has also received 1.72 billion euros from the RRF and has allocated the amount fully, with 750 million euros booked by October

    3%

  8. Opposition parties accuse ND of manipulating inquiry into Tempe crash
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    Democracy has been arguing that the matter should be left to the courts, while claiming... any potential threats. Christmas handout Prime Minister Kyriakos Mitsotakis has been keeping his... focus on this issue, however this has also allowed him to stand aloof from criticisms aimed at his

    3%

  9. Lower repos push debt down to 402.88 bln in Q3, bonds rise by 2.5 bln

    EconomyMacroeconomy

    Loan Facility’s (GLF) bilateral loans attached to the first programme, which Greece has started... billion to the third bailout programme, which was signed in mid-summer 2015. Greece has also started... 2019 and has been falling since. The debt breakdown by residual maturity showed that long-term (over 5

    3%

  10. SYRIZA rebels poised to launch new group after split
    Photo by MacroPolis

    PoliticsGreek Politics

    secretary, Panagiotis Rigas has already questioned why the rebels have not made any statement on Greek... Kathimerini, while State Minister Makis Voridis has said he would not back such legislation. The latter’s... for a government bill should resign. A group representing LGBTQ+ families in Greece has written

    3%