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Wage rises become top issue but trajectory lined with obstacles
EconomyMacroeconomyto return only when unemployment would drop below 10 pct. The latest Stability Programme that the Greek... from the departing SYRIZA-led administration. It brought it up to 650 euros. Wages stayed unchanged... employment has increased by an impressive 19 pct, despite the 6 pct drop that was observed in 2020 due
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Nov headline CPI at 3 pct, food price inflation three times higher
EconomyMacroeconomydecreased by 0.4 pct, from a rise of 0.6 percent in October. In November 2022, the CPI was up by 8.5 pct... and restaurants. Clothing and footwear jumped by 6.5 pct and health increased by 5.5 pct. Education was up by 3.5 percent. These were partially offset by a drop of 1.2 pct in housing costs due to price reductions
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Late Easter helps retail sales rise by 14.3 pct YoY in May
EconomyMacroeconomypercent drop in April, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday..., the seasonally adjusted index rose by 10.8 percent, after a 5.9 percent drop in the previous month. The volume’s monthly movement was up by 10.6 percent. Compared to May 2023, automotive fuel was up by 17.7
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Central govt debt at 404.29 bln thanks to drops in short-term notes and repos
EconomyMacroeconomyGreece’s central government debt recorded a drop of roughly 3 billion euros to 404.29 billion euros... billion euros, while other external loans grew by 2.3 billion euros. FSM loans continue to make up... in Q3, with a modest drop of less than half a billion from the previous quarter. Most of the FSM loans
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Energy drives producer prices down by 1.1 pct YoY Sep as all other components rise
EconomyMacroeconomyannually. Month-on-month (MoM), the index was up by 0.2 percent, from a drop of 0.6 percent...Greece’s Producer Price Index (PPI) remained in contraction in September, with a drop of 1.1... by electricity down by 6.5 percent, pharmaceuticals up by 2.2 percent and electrical equipment up by 2.3
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Greek trade deficit narrowed 11 pct in 2013 but exports marginally negative
EconomyMacroeconomyto exports decreasing at a higher rate than imports. The high single-digit drop in December reflects... depicting a 2.1 percent drop. The import movement for the full year exhibited a broadly similar... of 5.9 billion on the overall balance. The substantial improvement is owed to a drop in the trade deficit
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Greek primary surplus at 1.5 bln in Q1, aided by PIB and social underspend
Economyin March showed a deficit of 935 million, up from the 566 million recorded last year, the 3-month figure... revenues compared to the preceding two months. Despite a drop in revenues (excluding tax refunds... in the 2-month period. Direct taxes rose 10.9 percent in March bringing the 3-month figure at 4.23 billion, up
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomyindicates the CPI eased 0.8 percent compared to April, mainly due to an 8.9 percent drop in clothing.... The 2 percent decrease of the CPI in May is largely due to a drop in prices of three sectors... equipment (-2.2 percent). On the flipside, two sectors showed a price increase, namely health (up 2.1
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National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
EconomyBanking. The underlying profitability reflects pre-provision income (PPI) of 828 million in H1, up 5 percent coupled with a drop in loan provision by 17 percent to 705 million. The quarterly figures show PPI down 11.... The quarterly rebound in NII is attributed to Turkey (up 6 percent), while Greek NII eased 1 percent QoQ
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Deflation rises again in Greece: CPI down by 0.8 pct in September
EconomyMacroeconomyand footwear prices recorded a sharp rise of 35.6 percent MoM in August, following a double-digit drop in each... and services, only 2 posted an increase in prices, namely health (up 3.8 percent) and alcoholic beverages and tobacco (up 2.1 percent). In addition, prices in communication and hotels, cafes and restaurants
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