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Travel balance at 94.8 mln in Mar and 211.9 mln in three-month period
EconomyMacroeconomyGreece’s travel balance edged down by 94.8 million euros in March from 95.1 million a year ago, Bank of Greece (BoG) data has shown. Receipts came to 318.5 million euros for the month, increasing by 32.2 percent year-on-year (YoY). Travel payments also ...
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Retails sales up by 5.1 pct in Mar after three-month slump
EconomyMacroeconomyGreece’s retail sales index jumped by 5.1 percent in March, following a 2.3 percent drop in February according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday. The rise in the latest month reverses the trend of three consecut...
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Budget primary surplus at 494 mln in Mar amid first signs of Covid-19 impact on revenues
EconomyMacroeconomyThe budget primary balance recorded a surplus of 494 million euros in the first three months of 2020, compared to a surplus of 1.44 billion in March 2019, the final Finance Ministry (MoF) budget execution bulletin showed on Monday. The budget execution ...
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New tax debt at 2.21 bln to Mar, up by 545 mln month-on-month
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 545 million euros in March, data from the Independent Authority of Public Revenues (IAPR) has shown. New tax debt totalled 2.21 billion, lower than the figure for the same period last year by 16 p...
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As imports soar, Jan trade deficit jumps by 98.7 pct; worst since Mar 2010
EconomyMacroeconomyGreece’s trade deficit continued its upward trajectory in January, nearly doubling year-on-year by 98.7 percent, from a jump of 79 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. The deficit ca...
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Economic sentiment holds in Mar as consumer confidence falls sharply
EconomyMacroeconomyGreece’s economic sentiment (ESI) dropped by 0.8 points in March to 113.2 points, from 114 points in February, according to European Commission figures released on Wednesday. Economic sentiment was 97.7 points in April 2021 and started recovering all th...
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Employment balance stays positive in Mar, Q1 underperforms YoY
EconomyMacroeconomyGreece’s employment balance stayed positive in March with 34,373 more hirings than firings, according to data from the Labour Ministry’s Ergani information system. The balance was also positive in February due to 15,189 more hirings than departures. The...
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Credit growth edges up to 1.6 pct in Mar, led by rise in business loans
EconomyMacroeconomyCredit movement in the Greek private sector accelerated slightly to 1.6 percent year-on-year (YoY) in March, from 1.4 per percent in February, 0.9 percent in January, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expansion...
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Growth of trade deficit slows in Mar, Q1 rise reaches 79 pct
EconomyMacroeconomyThe rise in Greece’s trade deficit slowed in March, when it increased by 13.4 percent year-on-year (YoY), after surging by more than 170 pct in February, according to data released by ELSTAT on Friday. The deficit came to 3.29 billion euros for the mont...
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Industrial production rises by 7.9 pct in Mar, driven by electricity supply
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) continued its recovery in March, rising by 7.9 percent year-on-year (YoY), from 4.8 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. IPI has grown in 16 of the...
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