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Mitsotakis uses justice reform as election rallying cry in aftermath of Mati verdict
With the verdict of the Mati trial still fresh, Prime Minister Kyriakos Mitsotakis sought to rally public sentiment behind his justice reform bill, before confronting the opposition on a wide array of campaign issues in the upcoming EP elections.
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Mati fire verdict prompts legal blame game as PM pledges swifter justice
The court verdict in the Mati wildfire trial has become the subject of political jockeying between the government and main opposition party SYRIZA amid surprise at the leniency of the sentences issued.
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Manufacturing continues to expand in April, firms remain optimistic
Greece’s Manufacturing PMI remained in expansion in April, though it dropped to 55.2 points from 56.9 points in March, according to S&P Global data released on Wednesday.
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Piraeus Bank net interest income jumps by 16 pct to 518 mln in Q1, commission income up 19 pct
Piraeus Bank posted a net profit of 233 million euros in Q1 2024, from 180 million euros in Q1 last year.
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Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy
Greece submitted on Tuesday to the European Commission the 2024 Stability Programme, making it the first official document in which the Greek authorities have revised down their initial growth outlook for the year.
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Politics
Athens wary of implications from Erdogan's cancelled trip to Washington
The postponement of Turkish President Recep Tayyip Erdogan’s visit to the White House on May 9 is seen as a move that will likely upend efforts to mend ties after prolonged friction and that will play into the hands of Russia’s President Vladimir Putin.
PM's target for EP elections is in sight, according to new polls
Mitsotakis tempers expectations for EP vote, Kasselakis talks up prospects
Economy
As base effect wears off, producer prices fall by just 0.1 pct in Mar
Greece’s Producer Price Index (PPI) recorded only a marginal contraction in March, dropping by 0.1 percent year-on-year (YoY), after falling by 4.3 percent in February, ELSTAT data showed on Tuesday.
Retail sales and volumes show worrying signs, turnover down 3.8 pct in Feb
Corporate taxation, underspend lead to 3 bln primary surplus in March
Society
Inequality rises marginally in 2023, with 1.9 mln Greeks at risk of poverty
The two main metrics of income inequality in Greece were released by ELSTAT in its 2023 survey on Wednesday, suggesting that the picture remained broadly stable, based on the 2022 income reference year, with small increase in both.
Workers lost almost 9 pct of real income last year, research shows
Latest census data shows demographic challenge is here as population shrinks, ages
Agora
Podcast - Whose property? Greece’s housing challenges
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.