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Vehicle sales up 20.7 pct in Nov, boosted by jump in purchases of used cars
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 20.7 percent year-on-year... (ELSTAT) data released on Wednesday. In November 2020, the year-on-year change was a drop of 10.7 percent. Car sales in November came to 16,283 compared to 13,516 last year, an increase of 20.5 percent
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End of freeze on layoffs coincides with worst ever hirings balance in Nov
EconomyMacroeconomyinformation system. The balance in November last year was negative by 29,933, suggesting a drop of 49,196 job postings year-on-year (YoY). However, due to pandemic, last year support initiatives jobs... as layoffs. Departures were significantly higher in November this year, nearly doubling YoY, increasing
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Primary cash deficit almost halved to 7.32 bln in Nov
EconomyMacroeconomy, from a deficit of 13.45 billion euros last year, according to figures released by the Bank of Greece... in November year-on-year (YoY) and came to 4.53 billion euros. The aggregate figure for the 11 months of the year showed that revenues increased by circa 4 billion euros from last year, coming to 42.06
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Central gov primary cash deficit plummets to 9.86 bln in 2021
EconomyMacroeconomyof 2021, from a deficit of 17.82 billion euros last year, according to figures released by the Bank... billion euros year-on-year (YoY) to 5.56 billion euros. The aggregate figure for the year showed that revenues increased by circa 5.3 billion euros from last year, coming to 47.61 billion euros
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Inflation to persist, creating more economic policy challenges
EconomyMacroeconomythe Greek economy since June last year are not going anywhere soon as the authorities had hoped when... not changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized... index, which jumped an unprecedented 29.4 pct year-on-year in December, and an even more alarming
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Current account deficit for Jan-Feb at 4.12 bln, significantly higher than 2021
EconomyMacroeconomycame to 2.89 billion euros, compared to a deficit of 1.05 billion euros in the same month last year. Total imports came to 6.76 billion euros, from 4.1 billion last year. At the same time, total... as the oil balance was a deficit of 1.29 billion euros, from 67.5 million euros last year. The balance
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Broad impact of inflation crisis becoming clearer
Agoramovement in March, reaching 155.41 points, from 102.63 points in February last year. Goods sold... release that hit the lowest in over a year at 53.8, down by 1 point, although still in expansion... streak since April last year, begin to capture on volume numbers and the monthly movements the effects
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Newsletter 345 - 08/07/2022
to pull back on the reins by insisting that he still intends to see out his four-year term, which expires next year. Mitsotakis was widely expected to announce the date of the elections on or after... in 2019, a record year. The latest travel data from Bank of Greece for April, showed
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Impact of uncertainty on economy starting to emerge in hard data
EconomyFeaturesgradually filtering through in hard data, sending the first recessionary signals. For more than a year... continuously since early 2021. The shift started at the end of last year, when in the last quarter energy... in June. Construction is now roughly 30 points down from August last year. With the rest of the economy
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Newsletter 349 - 02/09/2022
of a straightforward re-election next year. A busy week in Greek politics concluded with a parliamentary committee... and energy bill subsidies is expected to reach 2.8 billion euros by the end of the year and Finance Ministry officials still have to factor in what expenditure will be needed next year if the energy
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