Eurozone crisis

Greece must revise its budget for 2025 because there is more money available than anticipated. This is due to the increased tax revenues and the early repayment of previously taken loans ahead of schedule.

In a detailed report published Monday, the German newspaper Handelsblatt spotlighted Greece's impressive economic performance, emphasizing its bailout loan repayment ahead of schedule. 

In the second quarter of the year, the housing price index in Bulgaria increased by 15.1% year-on-year, slightly lower than the 16% rise in the first quarter. Both new homes and existing properties saw price increases, with new homes rising by 15.6% and existing ones by 14.8%.

The Bulgarian real estate market has seen a notable increase in both prices and transaction volume in the past quarter, according to real estate broker Dimitar Kalajjiev in an interview with Radio "Focus." He highlighted that the current demand for properties surpasses the supply, maintaining strong interest in home purchases.

Annual inflation in the Eurozone has risen to 2 percent in October 2024 compared to the same month in 2023, marking an increase from 1.7 percent in September. This information comes from a preliminary assessment released today by Eurostat, the European statistical service.

Germany's economy unexpectedly grew in the third quarter, avoiding a technical recession, federal statistics office Destatis reported Wednesday.

Gross domestic product expanded 0.2 percent quarter-on-quarter, Destatis said, on the back of rising government spending and household consumption.

Scope Ratings has upgraded Cyprus' credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency.

Indications are growing that despite outperforming the European Union average in terms of growth and public finances, the Greek economy has not developed the momentum that would allow high performance to be achieved in the medium term. On the contrary, forecasts point to a slowdown after the Recovery and Resilience Fund's resources are exhausted.

The Greek banking sector is better placed than in the past to withstand potential shocks and perform its intermediation function, despite a slight deterioration in the asset quality of credit institutions, according to the Financial Stability Review released by the Bank of Greece on Tuesday.

In 2023, around 4.9 percent of residents aged 16 and older in the European Union reported experiencing housing difficulties, defined as lacking a permanent home and relying on temporary accommodation. This data was released by Eurostat, highlighting a significant disparity among those at risk of poverty or social exclusion, with 8.5 percent experiencing similar issues.