Eurozone crisis

Cyprus' Finance Ministry fended off accusations fired by the opposition that government policy has taken its toll on the economy.

"The Cypriot economy continues its upward trend and, unlike other European countries which are entering a recession, Cyprus recorded the second highest GDP growth rate in the eurozone, after Spain, during the first half of the year," the ministry said.

Türkiye's industrial production increased by 0.6 percent in June from a year ago, after rising 0.2 percent year-on-year in the previous month.

Industrial output shrank 1.2 percent on an annual basis in April.

Greek banks comfortably passed the capital adequacy stress tests conducted by the European Banking Authority (EBA), the latter announced on Friday.

Notably, in the adverse scenario for 2025, National Bank shows a CET1 of 14.5%, Eurobank 12.2%, Piraeus Bank 9.1% and Alpha Bank 8.9%.

The prices of second-hand homes have been rising at a faster pace than those of newly built properties over the last six months.

Türkiye's industrial production shrank by 0.2 percent in May from a year earlier, data from the Turkish Statistical Institute (TUİK) have shown.

The pace of annual decline in industrial output, however, eased from 1.2 percent in April.

The annual contraction in production was in line with market expectations.

Greece's first post-election market foray was crowned with success on Tuesday, with the issuance of the new 15-year bond garnering strong demand from investors, who priced in the country's upcoming upgrade to investment grade.

The Public Debt Management Agency is launching a two-pronged attack on Greece's national debt.

The major growth of foreign investments in the Greek housing market continued in the year's first quarter.

According to the data contained in the Bank of Greece's monetary policy report published on Friday, during the first three months of 2023 about 497 million euros flowed into the country, up 33% from the same quarter last year; at that time €374 million euros had been invested.

Mali further explained the measures presented last night for TV Prva.
"It is about a set of measures that are primarily aimed at raising the standard of living of the citizens of Serbia. And in conditions that I would say are the conditions of the biggest, most difficult economic crisis, global economic crisis ever," he said.

The growth rate of the first quarter of 2023 came to 2.1%, according to Wednesday's data from the Hellenic Statistical Authority (ELSTAT), with economists speaking of a slowdown, without however changing their forecasts for the year as a whole, which range from 2% to 3%.