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Nov data confirms record-breaking year for tourism as 11M receipts reach 23 bln, up 8.9 pct
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Industrial turnover posts modest 0.7 pct YoY rise in Nov, falls sharply MoM
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Current account deficit at 2.08 bln in Nov, falls significantly in 11M
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Car sales record strong rise in Dec, grow by 5.9 pct YoY in 2025
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Small total surplus for budget at close of 2025 as underspend remains prominent
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Energy propels 3.3 pct YoY drop in import prices in Nov
Budget exudes fiscal stability, but hints at political complications
Last week’s five-day debate on the 2025 budget concluded on Sunday without any complications for the government, and the economic plan is certainly in line with the Greek authorities’ narrative that stabilising the economy is one of the current administration’s strongest achievements.
This can be considered the first budget of stability since Mitsotakis assumed office, as the first full year of his term was quickly undermined by the pandemic, which was followed by the Ukraine conflict in early 2022, then the energy crisis and the inf...
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