Greece’s Industrial Production Index (IPI) jumped in October, growing by 10.5 percent year-on-year (YoY), after a 1.9-percent rise in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday.
Greece’s trade deficit recorded a drop of 32 percent year-on-year (YoY) in October, after a decline of 25.9 percent in September, according to data released by ELSTAT on Friday.
Greece’s Consumer Price Index (CPI) growth dropped marginally in November, with a 3 pct rise year-on-year (YoY), after more than doubling to 3.4 pct in October, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT).
The Greek government seems satisfied with the outcome of the visit made to Athens on Friday by Turkish President Recep Tayyip Erdogan, although opposition parties have applied pressure regarding the details of what was agreed and for Prime Minister Kyriakos Mitsotakis to show the tangible outcomes of his diplomacy.
New Democracy’s legislation against tax evasion looks set to clear the final hurdle today in the teeth of strong objections from opposition parties and legal concerns raised by Parliament’s scientific council.
Ahead of the visit by Turkish President Recep Tayyip Erdogan on Thursday, the political attention in Greece turned to tax issues on Wednesday as the parties debated the government’s contentious tax bill, which will see the self-employed taxed based on a minimum income.
Greece’s seasonally adjusted (SA) GDP was essentially unchanged in Q3, rising by 0.02 percent quarter-on-quarter (QoQ), from 1.1 percent rise in Q2, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday.
When it comes to Greek house prices, there’s good news and there’s bad news. On the one hand, some read the recent rebound in property values almost to pre-crisis levels as a sign that the Greek economy is returning to normality after the decade-long financial crisis.
The 11 MPs who quit SYRIZA over the past few weeks unveiled the name and logo of their new parliamentary group yesterday, just as the leader of their former party, Stefanos Kasselakis, suggested that the opposition grouping is aiming to come first in next year’s European Parliament elections.
Postal voting could be introduced for the European Parliament elections in June, according to a surprise announcement by Prime Minister Kyriakos Mitsotakis, who told last week’s cabinet meeting that the government had put together a workable proposal and would be seeking the support of opposition parties.