Economic sentiment improves in Mar, consumer confidence and retail deteriorate
Greece’s economic sentiment (ESI) improved in March to 107.7 points, from 106.9 in the previous month, according to European Commission figures released on Friday.
European Union
Building activity ended 2024 strongly, permits up 14.9 pct in 2024
Building activity closed 2024 strongly with an increase of 15.6 percent year-on-year (YoY) in December, after a rise of 6.4 percent in November, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
Corporate lending drives 10.5 pct YoY rise in credit expansion
The credit expansion in the Greek private sector remained strong in February, rising by 10.5 percent year-on-year (YoY), from 10 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.
Deposits continue to slide in Feb with 6.5 bln loss at start of 2025
The private sector deposits in the Greek banking system continued the contraction in February, with a net decrease of 1.7 billion euros, after a 4.79-billion-euro decline in January, according to the latest Bank of Greece (BoG) figures released on Friday.
PM pledges higher wages for armed forces in bid to win over voters, own party
Hot on the heels of announcing the latest increase to the minimum wage, Prime Minister Kyriakos Mitsotakis has revealed that there will be an additional increase to the salaries of members of Greece’s armed forces.
Konstantopoulou dominates opposition politics as PASOK and SYRIZA struggle to make mark
The opposition parties have tried to play down the latest increase to the minimum wage, which the government announced on Wednesday, arguing that it is of little help to Greek households that are struggling to meet rising costs.
Feb prim surplus confirmed at 2.8 bln, as taxes remain strong and spending contained
The budget primary balance was confirmed at a surplus of 2.8 billion euros by February, compared to a surplus of 3.38 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesday.
Jan travel balance at 87.5 mln as 30 pct rise in payments offsets receipts increase
Greece's travel balance recorded a surplus of 87.5 million euros in January, compared to 149.9 million euros in December, according to data released by the Bank of Greece (BoG) on Wednesday.
Government touts stricter migration controls in bid to win back right-wing support
The New Democracy government is promising a crackdown on illegal migration and a new framework for legal routes into the country as part of an effort to restart the agenda in response to falling ratings and a rise in the popularity of far-right parties.
Imamoglu arrest halts plans for Mitsotakis-Erdogan meeting, further talks
Istanbul Mayor Ekrem Imamoglu's arrest and pre-trial detention have shaken diplomatic ties between Turkey and Greece, with Athens announcing that a planned meeting between the countries’ leaders will be postponed.
Pages
