Fuel drives sharp YoY rise of 25.3 pct in Mar trade deficit
Greece’s trade deficit rose significantly by 25.3 percent year-on-year (YoY) in March, after a sharp drop of 18.3 percent in February, according to data released by ELSTAT on Thursday.
Greece’s trade deficit rose significantly by 25.3 percent year-on-year (YoY) in March, after a sharp drop of 18.3 percent in February, according to data released by ELSTAT on Thursday.
Government officials are warning that water bills could go up to fund urgent work on water supply networks, while major projects to meet the capital’s needs look set for delays and further cost increases.
Following the positive reception of the support measures for renters and pensioners, the government is focussing on a series of initiatives aimed at improving citizen’s everyday lives by tackling disorder and improving the delivery of public services.
Piraeus Bank posted a net profit of 284 million euros in Q1 2025, from 233 million euros in Q1 2024.
A series of opinion polls published over the last couple of weeks have provided no encouragement to PASOK and SYRIZA, its predecessor as the main opposition party, while indicating that Course of Freedom, which positions itself on the extreme left, continues to be the party that is the main vehicle for voters’ frustration.
The state of Greece’s public finances took prominence in the public debate when Eurostat and ELSTAT published the official data for the 2021 to 2024 period, with Greece presenting a sizable primary surplus of 11.4 billion euros, or 4.8 pct of GDP, while the general government budget was in a total surplus of 3.18 billion euros, or 1.3 pct of GDP.
Recent opinion polls have provided some encouragement to Prime Minister Kyriakos Mitsotakis that he and his New Democracy party can gradually overcome the damage they suffered since the start of the year due to the fresh attention given to the Tempe issue.
Greece’s Manufacturing PMI saw a solid rise in April, when it reached 53.2 points from 55 points in the previous month, according to S&P Global data released on Friday.
The government and the opposition are preparing to cross swords again over the Tempe issue after the judicial investigation into Greece’s worst rail disaster reached the point where ministerial responsibility has to be examined.
Greece’s Producer Price Index (PPI) accelerated further in March, with a rise of 2.1 percent year-on-year (YoY), after an increase of 0.6 percent in February, ELSTAT data showed on Wednesday.