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DBRS leaves credit rating of 'BBB' and stable outlook unchanged
EconomyMacroeconomy. Combined with primary fiscal surpluses, this has driven down the debt-to-GDP ratio, projected to reach 141 pct by 2026, down from 164 pct in 2023. However, like its peers, Greece remains vulnerable... the decade, helping bring debt down to 125 pct by 2030. Still, ratings are constrained by high debt
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Economic sentiment drops sharply in Sep, consumer confidence at highest since June
EconomyMacroeconomy12-month period, September’s ESI was down 1.5 points from October 2024. The average ESI in the EU... at 29.7, from 29.9 points before. Services confidence is now down by roughly 12 points on the rolling... points in the previous month, now down by roughly 7 points from October 2024. Construction confidence
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Retail sales up by 4 pct YoY in July as inflation drives volume rise of 2.1 pct
EconomyMacroeconomywas also down by 1.5 percent. Compared to July 2024, automotive fuel was down by 5.6 percent, non-food... to -0.1 points, from -2.5 points in the previous month, now down by roughly 7 points from October
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Draft budget for 2026 sees growth accelerating to 2.4 pct, tax collections remaining strong
EconomyMacroeconomypreviously. The items revised down for 2025 compared to the previous estimate are investments that are now... will continue to grow, coming to 73.53 billion euros, broken down into 40.82 billion euros in taxes... billion euros, mostly on the back of higher investment spending before the RRF gets wound down
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Hiring balance improves by more than 18,000 jobs up to Aug
EconomyMacroeconomyby 1,261 year-on-year, while voluntary exits were down by 5,146. Hirings were down by 1,346 jobs... bracket with 11,409 more departures. Broken down by employment activity, the highest balance
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Retail sales grow strongly in Aug with 5.3 pct YoY rise
EconomyMacroeconomymovement was also up by 0.2 percent. Compared to August 2024, automotive fuel was down by 6.8 percent, non..., with fuels down by 1.9 percent, a 4.6 percent rise in foods and non-food up by 7.6 percent. According... in the previous month, now down by roughly 6 points from November 2024.
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Import prices resume growth in Sep, food up 6.9 pct YoY
EconomyMacroeconomyand electrical equipment fell by 0.8 percent. In terms of industries, energy was down by 2.6 percent YoY, intermediate goods dropped by 1 percent, capital goods marginally down by 0.3 percent, and durables down
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Fuels and food drive 0.7 pct YoY fall in Sept retail sales
EconomyMacroeconomydown by 1.9 percent. Compared to September 2024, automotive fuel was down by 6.9 percent, non-food..., with fuels down by 7.2 percent, a 3.6 percent drop in foods and non-food up by 2.7 percent. According
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Building permits maintain recovery, up 12.5 pct YoY in Sep
EconomyMacroeconomywere down by 6.3 percent YoY to 21,337. The corresponding surface area was down by 13.8 percent while volume was also down by 7.6 percent. The largest regional drop is in Epirus in northwestern Greece
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Producer prices rise marginally by 0.1 pct YoY as all components bar energy increase
EconomyMacroeconomyand recorded media rising by 5.5 percent. Goods sold to the foreign market were down by 1.8 percent YoY, led by electricity down by 17.5 percent, computer and electronics down by 9 percent and tobacco
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