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Building activity down 15.2 pct in Feb for sharpest drop since 2020
EconomyMacroeconomyAfter a solid start for 2023, building permits recorded a contraction of 15.2 percent year-on-year (YoY) in February, after a rise of 22.1 percent in January, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday. This is ...
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Unemployment stays at 11.2 pct in Apr, youth jobless down by 5 points at 27.4 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate was essentially unchanged in April, landing at 11.2 percent, from an upwards revised 11.1 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In April last year, the unem...
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ND doubles down on tax as leaders target weak spots on electoral map
PoliticsGreek PoliticsTax remained at the top of the election agenda after social media posts by senior ND figures provoked outraged reactions from the parties of the opposition. In the week ahead, the party leaders are set to continue their campaign visits, each hoping to b...
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Mitsotakis faces down critics over handling of forest fires
PoliticsGreek PoliticsOpposition parties demanded answers from Prime Minister Kyriakos Mitsotakis on the authorities’ handling of catastrophic forest fires that continued to burn on various fronts, after a weekend of destruction which made global headlines with the evacuatio...
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Number of unemployed falls 18.2 pct in Sep, overall unemployment rate down to 10 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped to 10 percent in September, after a slightly downwards revision to 10.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday. In September last year, the unemploymen...
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Lower repos push debt down to 402.88 bln in Q3, bonds rise by 2.5 bln
EconomyMacroeconomyGreece’s central government debt recorded a drop of almost 2 billion euros to 402.88 billion euros in Q3 2023, the Finance Ministry's (MoF) debt bulletin showed on Friday. The Q3 debt movements reflect a drop of nearly 4 billion euros in repos and lower...
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BoG revises 2024 growth down to 2.5 pct, advocates wide range of policies and reforms
EconomyMacroeconomyThe Bank of Greece published on Wednesday its interim monetary policy report for 2023, which assesses the economy’s progress over the year, though challenges are clouding the outlook. The BoG makes several recommendations that will improve the resilienc...
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Government tones down fiscal pledges as tighter framework starts to bite
EconomyMacroeconomyThe tight fiscal framework imposed by the new Stability and Growth Pact rules and Greece's long-standing commitment to primary surpluses above 2 pct of GDP for decades are catching up with the Greek government, as the window that allowed for handouts an...
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Receipts and arrivals rise in May, but spending per trip down by 12.2 pct
EconomyMacroeconomyGreece's travel balance recorded a surplus of 1.65 billion euros in May, compared to 571.2 million euros in April, according to data released by the Bank of Greece (BoG) on Tuesday. May's balance was 2.7 percent higher than the 1.61 billion euros record...
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Tourist arrivals up by 15.5 pct in H1, average spend down by 3.1 pct
EconomyMacroeconomyGreece's travel balance recorded a surplus of 2.86 billion euros in June, compared to 1.65 billion euros in May, according to data released by the Bank of Greece (BoG) on Wednesday. June's balance was 6.8 percent higher than the 2.68 billion euros recor...
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