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Government lines up new zoning scheme, fuelling debate over growth model
PoliticsGreek Politicsthe European Union’s RRF programme would be used to draw up “special and local zoning plans across..., suggesting that it is the continuation of an effort to cover up the scandal. The opposition party said
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Development model questioned again amid reaction to luxury resort go-ahead
PoliticsGreek Politicsof the development model promoted by the New Democracy government. On Saturday PM Kyriakos Mitsotakis spoke... of the resort’s design. He also held up the start of the work on the project as another example... brings a new model of value-added development to the area, pointing to the heavy investment
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Lenders acknowledge reforms, flag up tricky fiscal path ahead
EconomyProgrammethat monitored Greece’s delivery on commitments up to mid-2020. The report will also form the basis.... They include the SMP and ANFA income of eurozone central banks and the waiver of the step-up interest... up its reform implementation efforts in the last months. The flagship reform was the new insolvency
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Inflation drives up retail sales by 10.5 pct in Sep, but MoM sees 0.6 pct drop
EconomyMacroeconomypercent. Compared to September 2021, automotive fuel was up 24.2 percent, non-food was up by 5.5 percent and food sales were up by 10.9 percent. Aside from fuels, sales were led by an annual rise... percent, food and beverages were up by 7.2 percent, pharmaceuticals were up by 6.5 percent, while
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GDP records first quarterly drop in Q3 since pandemic, 9M GDP up by 5.9 pct YoY
EconomyMacroeconomyand imports also dropped by 0.3 percent. The export drop was led by a decrease in services exports, which... increased by 3.6 percent YoY, while investments also jumped by 12.3 percent. Household spending was up... in imports of goods and 4.6 percent drop in imports of services. Nominal GDP in Q2 increased by 9
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Energy pushes industrial turnover growth up by 38.9 pct YoY in Jul, as index records rare monthly drop
EconomyMacroeconomyin manufacturing revenue, with the mining and quarrying index also up by 22.1 percent..., and chemicals. Revenue in the domestic market increased by 39.3 percent, while the non-domestic market was up... while the foreign markets were up by 2.7 percent. Greece’s Manufacturing PMI dropped by just 0.3
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Office prices edge up 0.2 pct in H1, retail prices drop 0.8 pct
EconomyMacroeconomyThe office prices in Greece edged up 0.2 percent in the first half (H1) of 2016 after a marginal... to 72.9 in H1. Its current level signifies a drop of 0.4 percent YoY and 0.5 percent from the previous... of 100.8 in H1 2010. In the Athens area, the index edged up 0.2 percent from the previous semester
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Despite marginal drop in Sep, building permits up by 17.1 pct over 9M
EconomyMacroeconomyrecorded in Thessaly with 48.5 percent. The largest drop was in Western Macedonia with 34.3 percent... of permits were issued in Western Macedonia with 23. During the three quarters of 2024, permits were up by 17.1 percent YoY to 22,774. The corresponding surface area was up by 18.9 percent while volume
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Unemployment edges up to 24.4 pct in Q4 on seasonal drop in employment
EconomyMacroeconomyAfter falling in the preceding two quarters, the Greek non-seasonally-adjusted unemployment rate edged up to 24.4 percent in the fourth quarter (Q4) of 2015 from 24 percent in Q3, Hellenic... on year decline reflects a rise in the number of employed by 3 percent to 3.64 million and a drop
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Fall in industrial production speeds up in October with 5.2 pct drop
EconomyMacroeconomyThe Industrial Production Index (IPI) took on a faster downward trend in October with a drop of 5.2... digit drop. Note also that the IPI had only four positive year-on-year (YoY) readings since April... a moderate increase of 0.8 percent. The year to date drop stems from a decline in all industrial areas
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