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Drop in apartment prices continues with slower decline of 1.2 pct in Q2
EconomyMacroeconomy) in the second quarter (Q2) of 2017, following a downwards revised drop of 1.7 percent in Q1 2017... apartments, over five years old, saw their prices fall by 1.3 percent in Q2, whereas up to five years old.... The biggest annual fall was posted in 2012 (-11.7 percent), followed by another double-digit drop
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Trade deficit narrows by 14.9 pct in June despite sharp exports drop
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 14.9 percent year-on-year (YoY) in June, after a drop of 11 percent in May, according to data released by ELSTAT on Monday. The deficit came to 2.6 billion... was down by 10.7 percent, at 11.87 billion euros. Year to date, imports from EU countries were up
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Retail sales drop by 0.2 pct YoY in July as fuel leads slide
EconomyMacroeconomyGreece’s retail sales saw a marginal drop of 0.2 percent year-on-year (YoY) in July, after.... The corresponding volume index also experienced a decline in the form of a 2.8 percent YoY drop. Retail sales... were also up by 5.2 percent. Food and beverages decreased by 16.9 percent and clothing and footwear
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Led by sharp drop in purchases of new vehicles, car sales decline by 5.6 pct in Sep
EconomyMacroeconomy) in September, after a drop of 5.8 percent in August, according to Hellenic Statistical Authority... sales in September came to 17.935 compared to 19,008 in 2023, a drop of 5.6 percent. Passenger cars... risen by 3.6 percent annually. Passenger cars were up by 3.9 percent, lorries decreased by 1.5 percent
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Industrial Production contracts 1.7 pct YoY in Mar as all components drop
EconomyMacroeconomygrowth continuously since March 2024 when it had the last recorded drop of 0.6 percent. Month-on-month (MoM), the seasonally adjusted index in March recorded a sharp drop of 4.5 percent. The annual... May 2024, industry confidence is up 2.5 points. In addition, Greece’s Manufacturing PMI saw a solid
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Energy drives import price drop of 2.1 pct YoY in July
EconomyMacroeconomyGreece’s import price index remained in contraction in July, with a drop of 2.1 percent year... market, and a 0.4 percent drop from the eurozone market. Coal and lignite decreased by 17.2 percent... by 0.2 percent. Non-durables were up by 2.3 percent.
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Industrial turnover continues to slide with 1 pct YoY drop in Aug
EconomyMacroeconomy(YoY), from a 1.8 percent drop in July, according to data released by the Hellenic Statistical... 12-month basis, the industrial turnover was down by 1.8 percent, from a 2 percent drop... month. Since October 2024, industry confidence is up by under one point. Overall, Greece’s economic
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesin 6,370,099 family tax returns (up until 2018 married couples submitted joint tax returns). This marks... on an individual basis fell from 11,500 euros in 2012 to 9,015 in 2017, a drop of 22 percent. Total income tax... of tax returns and paid 42 percent of total taxes, while pensioner households made up 35 percent
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General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
EconomyMacroeconomyfar in 2015. Arrears After a marginal drop by 0.6 percent month on month (MoM) in January, arrears... million, making up more than 20 percent of outstanding arrears. Social security funds followed suit with their arrears up by 71 million MoM to 1.89 billion accounting for slightly less than half
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Greece gears up to secure slice of smaller tourism pie this summer
PoliticsGreek Politicstourism season in Q3. Not only would it mean suffering a lower drop in tax revenues than many experts fear, it would also lead to the government having to spend less later this year on propping up... administration has lined up to help the sector, as well as what kind of health protocols will be in place
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