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Car sales rise by 3 pct in September and drop by 26.7 pct in first 9 months
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 3 percent in September compared to a drop of by 23.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday. In September 2019, the year-on-year change showe...
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Workers lost almost 9 pct of real income last year, research shows
SocietyThe Greek economy’s debt legacy issues have been lasting despite some progress in the last few years and they were once again captured in the latest annual report published by the research arm of Greece’s largest union GSEE. Last year, there was a minor...
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Travel balance to July soars by 19 pct, reaching almost 9 bln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 3.88 billion euros in July, from 2.73 billion euros in June, according to Bank of Greece (BoG) data released on Thursday. July’s balance was roughly 14 percent higher than the 3.41 billion euros registered i...
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Current account balance continues to deteriorate as deficit up to May exceeds 9 bln
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.35 billion in May, from 2.69 billion euros in April, Bank of Greece (BoG) data showed on Monday. In May 2023, the balance showed a deficit of 1.63 billion euros. The Bank of Greece notes that this is main...
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Inflation broadly stable at 2 pct YoY in Oct, rents up by almost 9 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) was broadly stable in October with a rise of 2 percent year-on-year (YoY), from 1.9 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average C...
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Our most popular stories in 2014
Agoraincluded the cumulative price push up is 9 ½ percentage points. The lag in adjustment of prices... monthly benefits of 360 euros for the first 12 months they are not working. As a result, only 15... receive 360 euros a month for up to 9 months. To receive unemployment benefit for that long, someone
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In effort to reach new deal, Greek government cannot ignore liquidity constraints
EconomyProgrammeof interbank repos up to 9 billion euros. In addition, collaterals in the form of state guaranteed bank... bodies. On the political front, apart from the confidence vote in the Parliament (likely on February 9), the other critical political milestones for February involve the European Council on February 12
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Yes or no, complex political developments lie ahead for Greece
PoliticsGreek Politicsdecide whether Greece’s future lies within the eurozone or not. Polls opened at 7 a.m. and close 12 hours later. The first results are expected to be broadcast by 9 p.m. but it is not clear... of the result will only be available at 9 p.m. if there is more than 4 percentage points difference between
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgrammeincluded in the latest list sent by the Greek government on July 9. We present below the key interventions... bidders. A list of pending privatisations projects will be prepared 9) Implementation of OECD... of the shipping industry 12) Reduction in the current 1,500-euro threshold on bank accounts that cannot
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Budget execution to Aug shows 3.8 bln primary surplus, 2.8 bln better than target
EconomyMacroeconomymillion better than target, while property taxes increased 9 percent to 1.18 billion, 624 million... billion euros, beating the target by 608 million. VAT climbed 18.9 percent in August and 12 percent... monthly figure by 9 percent. Moreover, despite falling by 5 percent in August consumption taxes rose
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