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CPI falls by 1.1 pct YoY in May
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) fell by 1.1 percent year-on-year (YoY) in May compared to a decline of 1.4 percent seen in April, Hellenic Statistical Authority (ELSTAT) figures showed on Wednesday. The average CPI for the rolling 12 months fell by 0.1 percent. Month-on-month, the CPI for May
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Credit growth edges up to 1.1 pct in Nov
EconomyMacroeconomyCredit movement in the Greek private sector increased by 1.1 percent year-on-year (YoY) in November, from a rise of 0.9 percent in October and 0.8 percent in September, Bank of Greece (BoG) figures released on Wednesday showed. The growth in credit expansion has remained broadly stable after
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Growth in car sales slows to 1.1 pct in April
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time slowed down considerably in April, growing by 1.1 percent year-on-year (YoY), after rising strongly in March by 31.3 percent, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In April 2022, the year-on-year
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GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP accelerated its gains in Q2, rising by 1.1 percent quarter-on-quarter (QoQ), from a 0.8 percent rise in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday. The Greek economy has been growing continuously QoQ now since Q2
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Newsletter 143
Grigoropoulos being murdered by a policeman. Greece’s lenders, who had placed a great deal of emphasis... targets submitted last September to the Single Supervisory Mechanism (SSM) of the ECB by 1.1 billion
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Clashes add to political tension over division, police violence
PoliticsGreek Politics, with one policeman shouting “Let’s go and kill them.” There were also reports of policemen attacking... as police clashed with some protestors. One policeman was dragged off his motorcycle and beaten. Along...” and focussing on the serious injuries suffered by the policeman. We warned against “blind rage” and said
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBanking(QoQ) rise of 1.1 percent in pre-provision income to 290.7 million in Q2 coupled with an 11.8 percent... two figures for Greek banks’ potential capital shortfalls: One under the static model and one under the dynamic model, which will incorporate the restructuring plans approved by the DG Comp in July
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Newsletter 291 - 02/04/2021
– one of four pillars of the plan. been earmarked to receive 1.1 billion euros of the EU grants... as “a unique opportunity to radically change the Greek economic model, to guide the economy towards a more extrovert, competitive model, with a more effective, digitised state, a growth-friendly tax system
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Record year for Greek tourism raises concerns about sustainability
EconomyFeatures. Santorini received almost 10 percent fewer international passengers but managed a 1.1 percent increase... tourism model, which privileges construction-led development with little concern for sustainability... remain faulty or incomplete. Policy makers’ reticence to tinker with the current model
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Government lines up new zoning scheme, fuelling debate over growth model
PoliticsGreek PoliticsThe government has unveiled its plans to introduce a new zoning plan, which it says will restore some order to construction activity in Greece but which others fear will pave the way for more building in areas outside of the updated scheme. The new plan...
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