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May current account shows surplus of 191.5 million as underlying indicators improve
EconomyMacroeconomyGreece’s current account (C/A) balance recorded a surplus of 191.5 million euros in May, reversing... drove the improvement in the balance, leading it to come to a surplus in May. The deficit... in the balance of goods declined by 127 million in May. Improvements were noted in both the oil balance
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Car sales rise by 15.2 pct in May and 9.7 pct in aggregate period
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 15.2 percent in May compared.... In May 2018, the year-on-year rise had come to 18.7 percent. May’s headline figure marks two... for the month came to 23,010 compared to 19,977 in May last year. Out of the total, passenger car sales rose
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Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect
EconomyMacroeconomy, compared to a surplus of 853 million noted in May 2018, the Finance Ministry (MoF) preliminary..., beating the aggregate target by 2.55 billion euros. The monthly primary balance for May came... to May 2018 when the figure stood at a deficit of 947 million euros, the monthly primary balance’s
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New tax debt at 2.53 bln to May, up by 96 mln month-on-month
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 96 million euros in May, data from... month-on-month in May, bringing the total to 2.37 billion euros compared to 2.29 billion in April. The VAT collectability rate came to 94.3 percent in May, showing 254.6 million collected out of 269.9
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Consumer confidence takes off in May as rest of sectors deliver mixed data
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a minor drop of 0.6 points in May, falling to 108.1... suffered during the pandemic. The index hit its most recent low in May 2020 following the Covid outbreak, dropping to 84.4. Over the rolling 12-month period, the ESI in May was almost 4 points over
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Hotel and catering jobs propel May hiring balance to new record
EconomyMacroeconomyGreece’s employment balance had another solid month in May, with 126,660 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in May last year saw 95,951 more hires, a strong year-on-year improvement of 31,069 jobs. May’s balance
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New obstacle for privatisations as court blocks sale of water firm
Economyby HRADF’s BoD at the end of May 2013. The next phase involves the submission of binding offers... of State ruled on May 25 against the privatisation of Athens Water Supply and Sewerage (EYDAP... was completed on May 11, 2012. The Council of State’s decision followed a petition filed by Athenians
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Greece shelves water privatisation plans, leaving gap in revenue targets
Economythat expressed interest, clearing them to submit binding offers. Greek media indicate that the HRADF may return... in Athens. The Council of State blocked on May 25 the privatisation of the Athens Water Supply and Sewerage... with the first round of local election on May 18. In the ballot, 98 percent of those who voted opposed
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Macroeconomic fundamentals for Greece
Agora. The citizens may ascertain what parties can rise above the daily shouting and present a reasoned view... to another. Fundamentals in economics are forces and parameters that operate below the surface and may.... For instance, in managing the macroeconomy, one may talk about the level and growth rate of potential real GDP
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomy) fell 2 percent in May, which was a faster pace compared to the preceding months. May's figures mean... in the first ten days of May. A similar pattern was also evident in November, when CPI slipped 1.4 percent.... The 2 percent decrease of the CPI in May is largely due to a drop in prices of three sectors
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