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  1. BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    In the governor’s annual report released on Thursday, the Bank of Greece (BoG) assesses the impact of the Ukraine conflict on Greek macro data, with the baseline scenario of growth now lower by one percentage point and inflation notably higher. BoG pres...

    5%

  2. Current account deficit for Jan-Feb at 4.12 bln, significantly higher than 2021
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece posted a current account (C/A) deficit of 2.12 billion euros in February, from 1.99 billion euros in January, Bank of Greece (BoG) data showed on Wednesday. In February 2021, the balance showed a deficit of 761.7 million euros, while in February ...

    5%

  3. Building permits turn negative for first time in more than a year, falling by 10 pct in April
    Image: MacroPolis

    EconomyMacroeconomy

    The growth in building permits stopped in April, dropping by 10 percent year-on-year (YoY), after it had slowed down in March, rising by 2.8 percent, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday. This is t...

    5%

  4. EC cuts 2023 growth forecast by more than half to 1 pct
    Photo by EC - Audiovisual Service

    EconomyMacroeconomy

    In the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate. Greece is expected to grow by 6 pct in 2022 in real terms, up...

    5%

  5. Current account deficit widens to 2.4 bln in Mar, oil deficit more than doubles
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s current deficit in March widened to 2.4 billion euros, from a deficit of 1.32 billion euros in February, Bank of Greece (BoG) data showed on Monday. In March 2022, the balance showed a deficit of 2.53 billion euros, while in March 2021 the curr...

    5%

  6. Eurobank's NII jumps by 56.2 pct in H1 to more than 1 bln
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted an adjusted net profit of 598.5 million euros in H1 2023, compared to a profit of 755 million euros last year, a drop of 20.7 percent. The profit was adjusted by normalising other income, after deducting significant trading income items ...

    5%

  7. Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The wa...

    5%

  8. Greece's labour market is austerity's biggest casualty

    Agora

    of approximately 700 million euros and for the first time in over a decade spend less than... repeatedly reduced. In Germany alone, according to the Federal Employment Agency more than 123,000 Greeks... and from any angle you look at it, unemployment is by far the biggest problem in Greece today

    4%

  9. Racism in Greece is getting worse and authorities are to blame, damning report suggests

    Society

    racist attacks in Greece between January 2012 and April 2013. They resulted in more than 400 injuries... to deal with the problem is “undermining social cohesion, the values and foundations of the just state... than 500,000 undocumented immigrants living in Athens and other cities. The disparaging way

    4%

  10. If Golden Dawn MPs quit Parliament, would Greece go to elections? It's complicated

    PoliticsGreek Politics

    . The one problem that could arise is if SYRIZA were to win more seats than New Democracy... the most votes in each constituency, rather than be dependant on the national share of the vote... with the mainstream parties. It has been suggested that this could lead the party’s 18 MPs to resign en masse

    4%