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  1. IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    The International Monetary Fund (IMF) released its latest global macro and fiscal estimates in the context of the spring meetings currently held in Washington, capturing the impact of inflation on growth. Specifically for Greece, growth for this year wa...

    5%

  2. Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
    Photo by MacroPolis

    EconomyBanking

    Alpha Bank reported a net profit of 125 million euros in Q1 2022, compared to a loss of 282 million euros in the same quarter of 2021. In the last quarter of 2021, the net loss was 408.1 million euros, mostly on the back of 551.8 million euros of impair...

    5%

  3. Quarterly unemployment rises to 13.8 pct in Q1, reflecting off season for tourism

    EconomyMacroeconomy

    Greece’s non-seasonally adjusted quarterly unemployment rate maintained an upward trajectory in the first quarter of the year, rising to 13.8 percent, from 13.2 percent in Q4 2021, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The ...

    5%

  4. Govt puts focus on handouts, migration to take heat off surveillance affair
    Photo via https://flic.kr/p/5Wq2VT

    PoliticsGreek Politics

    With the opposition intent on cornering Prime Minister Kyriakos Mitsotakis over his management of the intelligence service and the surveillance of politicians and journalists, the government is focussed on pulling together an economic package which it h...

    5%

  5. Electricity price shock, pressure on phone-tapping take shine off surveillance exit
    Image: https://www.flickr.com/photos/151653494@N04/

    PoliticsGreek Politics

    into the autumn, as it tries to structure its last economic package en route to the next elections

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  6. Business transformation paying off as Eurobank records 932.3 mln profit in 9M
    Image via www.eurobank.gr

    EconomyBanking

    Eurobank posted an adjusted net income of 932.3 million euros in the nine months of 2022 (9M), compared to a profit of 297.5 million euros last year. Core pre-provision income (PPI) rose by 17.7 percent year-on-year (YoY) in 9M to 794.6 million euros, w...

    5%

  7. Budget starts year where it left off in 2022, beating target by 618 mln in Jan
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance in January this year came to a surplus of 2.77 billion euros, compared to a surplus of 15 million euros in the same month of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday....

    5%

  8. Consumer confidence takes off in May as rest of sectors deliver mixed data
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) recorded a minor drop of 0.6 points in May, falling to 108.1 points, after rising by 1.9 points in April, according to European Commission figures released on Tuesday. Sentiment has been improving in five of the last se...

    5%

  9. SYRIZA leadership contest off to slow start, as ND rushes to contain political damage from fires
    Image: https://www.syriza.gr/

    PoliticsGreek Politics

    The contest to succeed Alexis Tsipras at the helm of SYRIZA looks set to gather momentum with the launch of a campaign aimed to generate engagement in view of the September leadership elections. Leadership hopefuls have been sketching out their visions ...

    5%

  10. Governing party MPs rally around ex-transport minister to fend off opposition attacks
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    New Democracy politicians presented a united front defending the government against a censure motion triggered by its handling of the deadly Tempe rail crash. Their fulsome support for resigned transport minister Kostas Karamanlis brought condemnation f...

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