The Greek Deal.com
ECONOMY
RETAIL
Turnover increased 4,3% in the second quarter
The retail trade sector's turnover for the second quarter of 2024 was €18.11 billion, up 15.4% from the first quarter, when it was €15.69 billion.
ELSTAT
Increase in arrivals and nights spent in accommodation in June
In June, ELSTAT data showed an increase of 3.6% in arrivals and 2.7% in overnight stays of tourists compared to the corresponding month of 2023.
Independent Authority for Public Revenues
52 businesses with undeclared electronic sales of more than €18.5 million
Over 52 companies that conduct online sales but fail to disclose the revenue they generate because they don't provide relevant invoices or receipts have come under scrutiny from the Independent Authority for Public Revenues (AADE).
Bank of Greece
Foreign direct investment at €2.097 billion in the first half of the year
Foreign direct investment reached €2.097 billion in the first half of 2024, down from €2.434 billion in the corresponding period of 2023 and €5.125 billion in 2022, according to data published on Tuesday by the Bank of Greece.
Industrial Production
Turnover up 6.1% in June
The General Index of Industrial Turnover (total domestic and external market) of June 2024, compared to the corresponding index of June 2023, showed an increase of 6.1% compared to a decrease of 16.4% in the corresponding comparison between 2023 and 2022.
Tourism
Passenger traffic at Greek airports took off in the first seven months of the year
A significant increase of 9.5% compared to last year in passenger traffic in the first seven months of 2024 for all the country's airports operating commercial flights, according to provisional statistics of the Civil Aviation Authority.
EUROSTAT
Inflation in Greece at 3%
Eurostat's initial estimates for inflation were confirmed, as the final data showed that it rose to 2.6% in the euro area on an annual basis from 2.5% in June, while in Greece it rose to 3% from 2.5% in June.
Bank of Greece
Balance of payments deficit increased to €8.8 billion in the first half of the year
In June 2024, the current account recorded a surplus of €270.8 million, compared to a deficit in the corresponding month of 2023.
Bank of Greece
Travel receipts €6.9 billion in the first half of the year
With a growth rate of 12.2%, tourism receipts in the half-year, according to the data announced by the Bank of Greece, allowed even in June to record a surplus in the current account balance.
Bank of Greece
Primary cash surplus of €338 million in the first seven months
In the period January–July 2024, the cash result of the central government showed a surplus of EUR 338 million, compared to a deficit of EUR 2,178 million in the corresponding period of 2023, the Bank of Greece announced.
GOVERNMENT
The main priorities of the 2025 budget
The government's economic staff is entering the final stretch for the finalisation of the 2025 budget figures in the coming days as the government's economic staff begins its deliberations on the decisions that will reflect the main priorities of economic policy for the coming year.