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  1. Budget surplus beats July target on lower investment spending as tax refunds fall short
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s budget primary balance came to a surplus of 2.09 billion euros in the first seven months of 2018, according to the July preliminary budget execution bulletin published by the Finance Ministry (MoF) on Tuesday. Last year’s figure for the same pe...

    6%

  2. PPC lignite unit bids fall flat in blow to privatisations
    Photo by David Gibson via Flickr https://flic.kr/p/oATenb

    EconomyFeatures

    The Public Power Corporation’s (PPC) divestment of 40 percent of its lignite capacity has hit an obstacle as it emerged that the bid process for two lignite units had attracted very little interest. PPC received one binding offer for the Melitis unit in...

    6%

  3. Travel balance up by 9.6 pct in July, German visitors continue to fall
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s travel balance rose to 3.40 billion euros in July from 3.10 billion a year ago, Bank of Greece (BoG) data has shown. This equates to an increase of 9.6 percent year-on-year (YoY). Receipts came to 3.65 billion euros for the month, increasing by...

    6%

  4. Budget primary balance at 498 mln in Jan as net revenues fall short of target
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance came to a primary surplus of 498 million euros in the first month of 2020, below target by 771 million euros, the Finance Ministry (MoF) preliminary budget execution bulletin showed this week. In the same period last year, the...

    6%

  5. Retail sales down by 1.5 pct in March for first fall in seven months
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales index fell by 1.5 percent in March from a slower increase of 3.6 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday. March’s negative reading stops seven consecutive positive months since July last y...

    6%

  6. Building permits fall by 22.4 pct in April
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits fell by 22.4 percent year-on-year (YoY) in April compared to a rise of 10.2 percent in March, Hellenic Statistical Authority (ELSTAT) data released on Monday showed. The total number of permits came to 973, falling below the 1,000 permi...

    6%

  7. Construction slides again in May with fall of 8.7 pct YoY in building permits
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits continued their decline in May, falling by 8.7 percent, following a much sharper drop of 22.4 percent year-on-year (YoY) in April amidst the lockdown, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. The ...

    6%

  8. Podcast - The rise and fall of Golden Dawn

    Agora

    On a sunny October morning this year, thousands of people crowded outside an Athens courthouse to hear the landmark verdict in the trial of NeoNazi Golden Dawn. It brought the party's rapid rise during the Greek economic crisis to a halt but did not nec...

    6%

  9. Economic sentiment edges up to 91.5 in Dec while services, retail and construction fall
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) edged up by 0.5 points month-on-month in December to reach 91.5 points, European Commission (EC) figures showed on Thursday. During December, the Employment Expectations Indicator (EEI) for Greece came to 104.9 points c...

    6%

  10. Reflecting annual base effect, retail sales rise 19 pct in Nov but fall on previous month
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    Greece’s retail sales experienced a significant annual recovery in November, rising by 19 percent year-on-year (YoY) from a downward revised 10.5 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Monday. It should be noted that ...

    6%