The credit expansion in the Greek private sector picked up even more pace further in March, rising by 4.5 percent year-on-year (YoY), up from 3.8 percent in February, Bank of Greece (BoG) figures released on Friday showed.
The net private sector deposits in the Greek banking system increased in March with a rise of 1.67 billion euros, after a 1.07 billion euros drop in February, based on the latest Bank of Greece (BoG) figures released on Friday.
Building permits started the new year strongly with a rise of 15.1 percent year-on-year (YoY), after a modest 0.6 percent increase in December, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday.
In an extensive TV interview on Thursday night, Prime Minister Kyriakos Mitsotakis set the bar for his party in this year’s European Parliament elections at a similar score to the one New Democracy achieved in the EP vote five years ago.
Greece’s Supreme Court has blocked the far-right Spartiates party from running in June’s European Parliament elections in an unprecedented ruling which is expected to trigger developments in the fragmented space to the right of New Democracy, with potential repercussions across the spectrum of national politics.
Greece’s employment balance was strong in March, with 63,689 more hires than departures, according to data from the Labour Ministry’s Ergani information system.
Greece’s debt managers leveraged the positive sentiment after S&P’s revision of the outlook for Greek Government Bonds (GGB) to positive last Friday and issued a new 30-year bond on Wednesday, the longest maturity since the same issuance in early 2021.
The first wildfires of the season have put the Greek authorities on high alert, with the political leadership set to outline upgrades to the response mechanism in reaction to the catastrophic experience of recent years.
The European Central Bank published this week research, based on the ECB’s Consumer Survey, that analyses housing costs for the eurozone’s eleven largest countries which captures the rising housing spending, on expenditures related to rents or mortgages, home maintenance and utility bills.
After going through a really difficult time during the country’s long economic crisis, the Greek property market is booming, but that's creating a whole new set of problems.
