Category: Economics > Macro-economics

If they want to maintain their profits over the next few years, given the ECB’s reduction in interest rates, as it is based significantly on interest income, they should increase their portfolio in particular. Bank administrations say that the credit expansion in 2024 is expected to range to 7 billion to 8 billion euros. According…

For five “hot” issues that concern the Greek economy, the Ministry of National Economy and Finance is invited to take action this summer. These are, as they say, sources of the Ministry of Finance, issues that have been “stuck” for years, but it is now time to give a solution. It will be a “hard…

“Our country has – both in the primary and secondary sectors – significant productive potential, which must be exploited,” the Minister of Development said in an interview with the newspaper “Parapolitan”. Specifically, Takis Theodorikos stated that “For a long time many considered Greece a country of services. However, our country has – both in the…

The ejecting of these in the current month, in addition to the exceptional tax on producers’ profits in order to subsidise domestic tariffs in August has opened the public debate on the reasons for this phenomenon. In addition to the unpredictable long heat in eastern Europe, the main reason for the price ejecting is the…

The best historical performance in the number of direct foreigners achieved in 2023 Greece while improving their quality composition, according to the “EY Attractiveness Survey Greece 2023” conducted by FT Longitude, between 8 March and 4 April 2024. According to the survey, in 2023 Greece attracted 50 FDI, compared to 47 in 2022, with the…

The best historical performance in the number of direct foreigners achieved in 2023 Greece while improving their quality composition, according to the “EY Attractiveness Survey Greece 2023” conducted by FT Longitude, between 8 March and 4 April 2024. According to the survey, in 2023 Greece attracted 50 FDI, compared to 47 in 2022, with the…

Its phenomenon is well maintained despite its frequent fluctuations, as domestic and international factors contribute to their retention at high levels. One of the most responsible “minors” in the Greek economy has been expressed many times how the problem of price increases is responsible for 80% of imported inflation, as geopolitical and macroeconomic forces from…

Over the last 5 years, the illegals have been reduced by the Court of Justice of the European Union (EU). Another two cases of fines were eliminated, after the restoration of illegal Lands of Uncontrolled Disposal (HADA), in Kea and Folegandros. The landfills further reduce the number of fines cases. Specifically, from 65 who were…

An auction of 26 weeks and 500 million euros, ending 24 January 2025, is held on Wednesday 24 July 2024 by the Public Debt Management Agency ( ). The tender will be made with competitive tenders from the main market negotiators in the EDAT, in accordance with the procedure laid down in their operating rules.…

The extension of the favourable provisions on energy costs and professional tariffs is requested by a letter to the Minister for the Environment and Energy, Mr.Skylakis, as thousands of small and medium-sized enterprises are at risk of closing down, but also because they may increase their prices. In particular, as stated in the letter from…

4.6% increased its general index to (total domestic and external markets) in May 2024 compared to 2023, compared with a decrease of 12.5% in the corresponding comparison in 2023 to 2022. According to the ELSTAT data, this increase in turnover of domestic industries came from: 1. From the changes in indicators of individual sectors of…

Even with further interest cuts its monetary policy will remain restrictive for some time, according to what the Bank of Greece’s governor said, at Brussels Hellenic Network, Argo, in honor of the new Members of the European Parliament of Greece and Cyprus. Mr Stournaras stressed that the challenge for the ECB over the next period…

“Bad news” for Greek was provided by the quarterly report of the Foundation for Economic and Industrial Research ( ). IOBE plans for 2024 growth 2.1%, i.e. higher than 2023, but worsening the current account deficit. Imports at constant prices are expected to increase annually by + 1.8% while exports will decrease marginally by -0.4%.…

The merger agreement to increase its share capital with , signed today (18.7.2024) will be submitted to Parliament for ratification. The Ministry of National Economy and Finance points out that the solution reached by the Financial Stability Fund (FIS) by merging Attica Bank with the Pangrete Bank was optimal as, first, it leads to a…

The merger agreement to increase its share capital with , signed today (18.7.2024) will be submitted to Parliament for ratification. The Ministry of National Economy and Finance points out that the solution reached by the Financial Stability Fund (FIS) by merging Attica Bank with the Pangrete Bank was optimal as, first, it leads to a…

“Plafon” exists in the number of workers who can be employed 6 days. In particular, according to cycles of the Ministry of Labour, they cannot exceed 69,105 or 2.45% of all employees in the private sector. This provision is defined indirectly by means of the definition of (industrial) undertakings which, by law alone, can carry…

An increase of 3.4% was presented by the turnover of the organized (food stores over 100 sq.m., in mainland Greece, Crete and the islands of June & Aegean) in the first half of 2024, compared to the corresponding period in 2023, according to the most recent market figures of NielsenIQ (YTD figures to 30 June…

The official data on the evolution of absorption, the NSRF, the Recovery and Durability Fund and the Public Investment Programme, was presented today (18.7.2024) by the Deputy Minister of National Economy and Finance, Mr. Papathanasis stressed the importance of using European resources for the benefit of the Greek economy and society, focusing on strengthening the…

27% cheaper could be 41 standard products sold in , according to its study In this study of the Bank of Greece, differences in price levels between Greece and the euro area are analysed in 41 categories of branded standard supermarket products based on the estimates of Dixon et al. (2023), which find that competition…

Both 13.9% increased, while 10.9% increased nights last year, compared to 2022, in the hotel type and camping and collective accommodation of short stay (rent rooms) in Greece. According to ELSTAT’s research data, total tourist accommodation shows an increase in arrivals and overnight stays of foreigners by 13.7% and 10.4% respectively, as well as an…