The Greek Deal.com
ECONOMY
CENTER FOR PLANNING AND ECONOMIC RESEARCH
Uncertainty about the course of the Greek market decreases
According to the KEPE fear index, there were changes within the month but overall, there was less uncertainty in May about the predicted short-term trajectory of the Greek market than at the end of April.
TRADE DEFICIT
Increased to €3 billion in April
In April 2024, the total value of imports was €7,480 million, a 19.8% increase from €6,241.7 million in the same month in 2023.
GREEK ECONOMY
Growth of 2.1% in the first quarter
The Greek economy grew by 2.1% in the first quarter of 2024, exceeding the 2.5% growth target set by the government and the 2.2% growth estimate provided by the Commission.
RHODES
Coordinated intervention on the beach of Agia Marina with the illegal sunbeds
At 7 am today, the Greek Police, the Ministry of Economy and Finance, and the Hellenic Public Prosecutor's Office coordinated an intervention at the Agia Marina Rhodes beach to seal the area where illicit structures with umbrella seats were discovered in the water and on the beach.
European Central Bank
Starts cutting rates
The European Central Bank reduced borrowing costs on Thursday from all-time highs, indicating that it was making headway in the fight against excessive inflation, even though the rate of increase was expected to persist until the following year.
Ministry of Finance
Submits its 4th request to the RSF for €1 billion in grants
Today, the European Commission received the fourth request for a €1 billion grant disbursement from the Recovery and Resilience Fund, covering 20 milestones and targets, from Mr. Nikos Papathanasis, Deputy Minister of National Economy and Finance.
ELSTAT
Unemployment rate at 12.1% in the first quarter
An increase of 1.8% in the number of people employed in the first quarter compared to the corresponding quarter of 2023 and a marginal decrease of 0.2% compared to the previous quarter was recorded according to ELSTAT data.
Kyriakos Mitsotakis
Βanks have an obligation to support the real economy
Prime Minister Kyriakos Mitsotakis said during an interview that the banks have an obligation to lend more to the real economy.
Greek Banks
Distributing dividends after 16 years
For the first time in sixteen years, the four systemic banks are distributing dividends, with an estimated €870 million to be distributed overall based on their request.
AADE
Detected tax evasion of €10.5 million by two betting companies
The Independent Public Revenue Authority's targeted audit revealed that a provider of gaming and betting services had been falsely declaring withheld taxes for four years. It did not pay back taxes, totaling €10.4 million.
Bank of Greece
The gap between deposit and loan rates has closed
Based on data from the Bank of Greece, the interest rate on new loans decreased marginally, narrowing the difference with the new deposit rates.