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Newsletter 336 - 06/05/2022
will be rolled out in July. The previous set-up will remain in place for May and June. Mitsotakis also... in energy costs between December and May. This will be paid out to property owners with an annual... “bazooka,” estimated at another 2.5 billion euros, in advance of any EU decision at the end of May
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Changes to energy subsidies aimed at winning over middle class
PoliticsGreek Politicsin place since last autumn may have fallen short of what was needed given the seriousness and length... in place for May and June. Mitsotakis also announced that consumers would also receive up to a maximum stipend of 600 euros to cover the increase in energy costs between December and May. This will be paid
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Industrial turnover grows 33.3 pct YoY in Apr, but manufacturing leads monthly drop
EconomyMacroeconomyby one point in May to 53.8 points, according to S&P Global data released on Wednesday. May PMI... Commission’s business indicators for May, industry confidence rose by 2.1 points to 5.9. Since June last... by 2.9 points in May, rising to 108, after dropping sharply by 7.9 points in April.
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Newsletter 345 - 08/07/2022
survey on May 18. However, support for SYRIZA has also risen by 1 point during that period... are above the target by 2.84 billion euros up to May. Even when the 829 million euros collected... targets. For instance, the government may look to extend the Fuel Pass, a subsidy for vehicle fuel
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CPI shoots up by 12.1 pct in Jun as electricity and natural gas stoke biggest rise since early 90s
EconomyMacroeconomypercent year-on-year (YoY), after increasing by 11.3 percent in May, according to the data released... period increased by 6.2 percent. Month-on-month, the CPI rose by 1.6 percent, after 0.7 pct in May. The prices index was in deflation for the 12 months prior to May 2021, when CPI posted a marginal
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Newsletter 346 - 15/07/2022
pct this year, up from the previous estimate of 3.5 pct in the spring forecasts at the end of May. Back in May, the Commission had significantly revised down the Greek outlook from 4.9 pct... in vehicle registrations slowed down in June to 2 pct year-on-year, from 21.3 pct in May. Car sales were
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Deposits rise to highest level since end-2011 as corporates grow by 10 pct in June
EconomyMacroeconomyeuros, from 1.31 billion euros in May, and 1.35 billion euros in April, based on Bank of Greece (BoG... growth in June was up by 6.9 percent, from 6.3 percent in May and 5.8 percent in April... in May, and 178.24 billion euros in April, reflecting corporate deposits of 45.77 billion euros
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Balance of payments shows shipping on course for bumper year, but economic benefits unclear
EconomyFeaturesShipping provided the one bright spot in Greece’s trade balance in May, with transportation... pct. In the five months between January and May, transportation receipts totalled 9.2 billion euros.... Addressing the Greek shipping community in May, Prime Minister Kyriakos Mitsotakis made clear
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Where is Odysseus? Part 6 - Potential real GDP
Agora. In blog 19, we showed that Greece may expect somewhat higher employment levels, in persons, than... potential growth estimate and that in 2018 may seem small to many readers, but this difference keeps..., an aspirational assumption; it is not an economic certainty, and may not even be welfare optimal
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Election date seen hanging in balance as PM weighs pros and cons
PoliticsGreek Politicsvote, using the enhanced proportional representation system, to be held in May, before senior high... by one month, from May 1 to April 1, the implementation of the next increase to the minimum wage has... as a reference for collective contracts. Although a substantial increase to the minimum wage may be just
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