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Industrial turnover grows by 5.7 pct YoY in Dec - 2024 rise at 2 pct
EconomyMacroeconomy2024, the industrial turnover was up by 2 percent. Manufacturing revenue was up by 5.5 percent
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Growth of industrial production moderates to 2 pct YoY in Jan
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) slowed in January with a 2 percent year-on-year (YoY) rise, after a 5.8 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. The index has been in annual growth continuously since March 2024
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OECD sees stable growth path of 2 pct in 2025, long-term challenges persist
EconomyMacroeconomyThe OECD published on Tuesday its latest economic outlook, which sees a stable growth path for Greece, broadly in line with the latest estimates by most organisations and the Greek authorities. GDP growth is projected to remain resilient at 2 pct in 2025 and 2.1 pct in 2026, supported by higher
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Rise in producer prices accelerates to 2 pct YoY in May for fifth straight increase
EconomyMacroeconomyGreece’s Producer Price Index (PPI) picked up pace in May, with a rise of 2 percent year-on-year (YoY), after an increase of 0.5 percent in April, ELSTAT data showed on Monday. This is the fifth consecutive positive reading after a period of contraction that started in March 2023. The index had
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Energy at forefront of 2 pct decline for industrial production in May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) continued its drop in May with 2 percent year-on-year (YoY), after a sharp fall of 4.2 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. This is the first back-to-back negative readings since
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Inflation broadly stable at 2 pct YoY in Oct, rents up by almost 9 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) was broadly stable in October with a rise of 2 percent year-on-year (YoY), from 1.9 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period was broadly
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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomyΤhe interest rate on households’ new time deposits dropped another 14 basis points (bps) to 2.39... for loan amounts below 250,000 euros now stands 2 percentage points above the eurozone average, while..., the changes in June were much smoother. The average deposit rate slipped by 7 bps to 1.74 percent
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WEF report highlights weakness of Greek institutions and challenges of recovery
Economyin the basic requirements (now at the 76th place), 2 places in efficiency enhancers (65th) and 7 places... (GCI). Despite the marked improvement by 10 spots, Greece’s ranking in the GCI is still losing 14
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A breakdown of the fiscal and structural reforms Greece hopes will unlock funding
EconomyProgramme. Regarding the tender process for a 40-year concession of use, operation and management of 14 regional... a longstanding demand from Greece’s lenders. 2) Blocking early retirements that undermine...) Allowing the out of court settlement of non-performing loans (NPLs). 7) Adopting a new code of civil
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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomypublished on Thursday. The figures confirmed the preliminary data released on July 14. The actual... target) 2) Other social security funds expenditure (at zero versus a FY target of 446 million) 3) Grants... of the annual target of 1.57 billion) 7) Agricultural subsidies (at 15.8 percent of the FY target of 591
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