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  1. Hotel and catering jobs propel May hiring balance to new record

    EconomyMacroeconomy

    is the highest since the records began in 2001, beating the previous high of May 2017. Total hirings... of the total, with the remaining classed as layoffs and termination of contracts. Layoffs are down..., the hiring balance was positive by 315,247 jobs, improving by 39,090 jobs year-on-year. Total hires were

    16%
  2. Despite moderation in June, H1 hiring balance up by 34,290 jobs YoY
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    months and the balance had grown strongly already. Total hirings in June came to 340,736 versus 316,775 departures. Voluntary departures accounted for roughly 33 pct of the total, with the remaining..., improving by 34,290 jobs year-on-year. Total hires were 1.71 million, against 1.37 million

    16%
  3. Central govt debt rises by 1.5 bln in Q2, to 407 bln

    EconomyMacroeconomy

    of the total, accounting for 56 percent. The value of FSM loans came to 227.11 billion euros in Q2, unchanged... of the total debt stayed broadly unchanged at 16.82 years. Peak average maturity was 20.85 years in Q3... years) debt made up 71.2 percent of the total, while short-term (up to 1 year) and medium-term (1

    16%
  4. Boosted by seasonal factors, quarterly unemployment drops below 10 pct for first time since 2009
    Photo by MacroPolis

    EconomyMacroeconomy

    . A total of 467,619 were recorded as unemployed in Q2, decreasing by 18.6 percent from the previous... to 248,600 people, representing 53.2 percent of the total unemployed. Alarmingly, the largest portion... as self-employed without employees (19.5 percent). Part-time employment was 6.5 percent of total, while

    16%
  5. Current account hampered by goods deficit in July as travel balance drops YoY
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    billion euros in the same month last year. Total imports came to 7.37 billion euros in July, from 6.8 billion last year. At the same time, total exports came to 4.52 billion euros, from 4.18 billion.... Travel receipts came to 4.03 billion euros, from 4.21 billion euros in July 2023. The total

    16%
  6. Draft budget for 2025 sees 2.3 pct growth and strong primary surplus
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    in 2025, at circa 6 billion euros, from 2.4 pct and 5.68 billion euros this year. The total deficit... billion euros, from 23.88 billion euros in 2024. Spending and debt Total state expenditure... and grants of the RRF. The total level of interventions for 2025 come to 2.94 billion euros, 628

    16%
  7. Current account surplus at 651.3 mln in Aug, travel receipts drop again YoY
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    to 2.67 billion euros in August, from 2.96 billion euros in the same month last year. Total imports came to 6.29 billion euros in August, from 6.64 billion last year. At the same time, total exports came... 4.33 billion euros in August 2023. The total services balance was 4.53 billion euros, from 4.51

    16%
  8. Central govt debt at 404.29 bln thanks to drops in short-term notes and repos

    EconomyMacroeconomy

    the bulk of the total, accounting for 56 percent. The value of FSM loans came to 226.79 billion euros... maturity of the total debt stayed broadly unchanged at 16.85 years, from 16.82 years previously... by residual maturity showed that long-term (over 5 years) debt made up 71.7 percent of the total, while

    16%
  9. Current account deficit at 7.67 bln for 9M as goods balance deteriorates
    Image: MacroPolis

    EconomyMacroeconomy

    billion euros in the same month last year. Total imports came to 7.18 billion euros in September, from 7.06 billion last year. At the same time, total exports came to 4.04 billion euros, from 4.25 billion... in September 2023. The total services balance was 3.61 billion euros, from 3.49 billion in September 2023

    16%
  10. Boosted by seasonal jobs, unemployment at 9 pct in Q3 - lowest since 2009
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyMacroeconomy

    movements in the labour market during the high tourism season in Q3. A total of 482,424 were recorded..., representing 56.5 percent of the total unemployed. Alarmingly, the largest portion, 102,400, has... without employees (19.4 percent). Part-time employment was 6.3 percent of total, while the share

    16%