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Many obstacles to clear in Greece's digital leap
EconomyFeaturescurrently ranks bottom of the EU in the DESI index for the provision and use of digital public services. For example, fewer than 4 in 10 Greek internet users regularly access e-government services compared... of electronic public services for businesses compared to the EU average of 88. The European Commission’s
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EIB investment survey points to diminished investment appetite
EconomyFeatureson their services and product portfolios. Impact was also expected on supply chains (35 percent) and the increased... firms (18 percent) and services firms (21 percent). Seven in ten firms in Greece say they invested... percent in 2019. Looking ahead to the next three years, developing new products or services is the most
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GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
EconomyMacroeconomyin Q4 was largely driven by a 31.8 percent increase in exports of goods and services and a 3.6 percent... and services showed that compared to Q3, exports of goods rose 4.9 percent while exports of services... of services plunged 55.4 percent. Τhe latest figures from the Bank of Greece for December showed that travel
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Reflections on Greece's balance of payments
Agoraand services: production determines “income.” On the demand side, we can distinguish four categories... and services (including tourism), minus the imports from abroad of goods and services that Greece uses...) speeds up (the supply of goods and services expands, generating more income (Y)); or consumption
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August sees third Greek C/A surplus in a row, reaching 1.82 bln
EconomyMacroeconomyof Greece (BoG). The significant improvement mainly reflects an increase in the services’ surplus by 425..., the services’ surplus figure of 3.73 billion in August is the highest monthly reading since 2003, from when data is first available. The widening of the services surplus by 12.8 percent is largely attributed
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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomy. In contrast, the trade deficit narrowed by 171 million, the services surplus improved by a modest... percent. The moderate increase in the services’ surplus by 3.9 percent is fully due to improved transport services balance, while travel balance turned negative posting a deficit of 27.9 million euros
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Greek digital economy lagging due to weak demand, lack of skills
SocietyGreece’s digital economy is being held back by a weak demand for internet services, low levels... and digital public services. The survey put Greece at the bottom end of the cluster of low... services remains weak, due to low levels of digital skills. only 59% of the population say
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Greek GDP falls by 0.2 pct in Q1 as uncertainty impacts on investments
EconomyMacroeconomyon the back of structural reforms. Exports Exports of goods and services contracted for the second consecutive quarter by 0.6 percent QoQ from 1.6 percent in Q4. This was mainly led by export of services (-1.7... of services (+2.2 percent) and to a lesser extent of goods (+0.9 percent). A key component of services
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Greek C/A deficit shrinks by 17 pct in April as imports drop faster than exports
EconomyMacroeconomyby 196 million year on year (YoY) stems from a widening of the services surplus by 100 million as well... imports rose by 6.5 percent. The widening of the services’ surplus by 11.7 percent largely reflects... by 211 million and lower services surplus by 184 million more than offsetting an narrowing
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What this week's VAT changes mean for household budgets and public coffers
EconomyProgrammeand services among the three VAT categories. The super-reduced rate includes only pharmaceuticals, books...) and water (excluding sewage). All other products and services fall under the basic rate of 23... in their services’ price, it is not yet clear whether a part of it would be absorbed by the firms
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