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Newsletter 396 - 06/10/2023
to just one notch below investment grade. S&P and Fitch are due for a review by the end of the year... on next year’s primary surplus estimate, which nearly doubles to 2.1 pct of GDP, some 5.05 billion... billion euros. Expenditure is expected to grow next year by 1.4 billion euros and interest payments
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Newsletter 410 - 02/02/2024
national road, claiming that last year’s wildfires and floods could put them out of business unless... of production, the impact of last year’s natural disasters in Greece is also a key driver... for the damage inflicted by Storm Daniel last year are not being released fast enough, leaving many
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Unemployment rate climbs back above 10 pct in Jan
EconomyMacroeconomyrate was an upwards revised 10.4 percent, from 9.2 percent previously. In January last year... in May 2008. Year-on-year, the number of employed people increased by 115,538 people, with total... it peaked at 1.36 million in July 2013. The inactive population decreased by 103,663 people year
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Newsletter 419 - 05/04/2024
and responsibilities of last year's train disaster. The Pulse poll found that 61 pct of voters... slowed in March, dropping to 2.4 pct year-on-year (YoY), from 2.6 pct in the previous month. The effects..., and significantly more moderate than the drops in the region of 11 pct at the end of last year. Food
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Piraeus NII exceeds 1 bln in H1, commissions income at 325 mln
EconomyBankingin H1 last year. Net profit attributable to shareholders was 563 million euros in H1, compared to 299 million euros in H1 2023, as one-off charges in H1 this year dropped to 49 million euros, from 142 million in H1 2023. Asset quality The NPE ratio was 3.3 percent in H1, from 5.5 percent a year ago
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Sharp drop in Jan unemployed leads to lowest rate since Dec 2008
EconomyMacroeconomy. In January last year, the unemployment rate was 11.7 percent. Despite minor fluctuations in recent months... at 28 percent in July 2013. The series low is a 7.1 percent unemployment rate in May 2008. Year-on-year, the number of employed people increased by 61,559 people, with total employment comfortably
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Government hopes new affordable homes bill can help alleviate housing pressure
PoliticsGreek Politics2026. After the announcement of a one-month rent subsidy for tenants earlier this year, the government..., residential property prices rose by 6.8 pct year-on-year in Q1 2025, continuing a trend that has seen.... As of Q1 2025, Southern Athens reached 4,000 euros per square metre (up 9.2 pct year-on-year), Northern
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Newsletter 479 - 10/10/2025
of a broader effort to rebrand and reassert himself. Over the past year, Tsipras has ramped up... in the latest budget submission, with the outlook for this year’s fixed capital formation coming below the initial expectations. The Finance Ministry expects investments to grow by 5.7 pct this year
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IMF's latest macro and fiscal estimates reflect economic stability
EconomyMacroeconomyeconomy growing by 2 pct this year and in 2026, with both estimates below the outlook the Greek authorities included in the 2026 draft budget, which expects the economy to grow by 2.2 pct this year and accelerate to 2.4 pct next year. The estimates are marginally improved from the World Economic
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Newsletter 481 - 24/10/2025
in front of the cenotaph - punishable by fines and up to a year in prison - and transfers... of the weekBalance of payments Balance of payments have improved significantly this year after a surplus of 1.1 billion euros in August, from 313.5 million euros in the same month last year. The deficit
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