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  1. Wages index rises by 8 pct YoY in Q2, taking growth to more than 2 years
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 8 percent year-on-year (YoY), from 7.4 percent growth in the first quarter of 2024, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The wa...

    11%

  2. Budget comfortably beats target up to Aug thanks to 2 bln excess taxes, 3.6 bln underspend
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance was confirmed at a surplus of 7.57 billion euros in August, compared to a surplus of 5.6 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesda...

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  3. Deposits rise by 2 bln in Aug, reaching new recent high of 205.4 bln
    Photo via https://flic.kr/p/95a2dS

    EconomyMacroeconomy

    The Greek banking system’s private sector deposits rose in August, with a net increase of 2.05 billion euros, after a drop of 1.15 billion euros in July, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in Jul...

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  4. A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
    Photo by MacroPolis

    Economy

    cost of 13.5 billion with its key pillars addressing the humanitarian crisis (2 billion), restoring... is estimated at 2 billion euros. SYRIZA leader stressed that the implementation of those measures... is projected at 2 billion. Ηe also declared that the objective property prices will be (downward

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  5. Newsletter 246 -03/04/2020

    Newsletters

    conditions could be restored. 2 March PMI drops to 42.5 pts Sharp drop driven by Covid-19 uncertainty... The overall weighted average interest rate on all existing loans dropped by 2 bps to 3.95 percent... rate on all existing loans dropped by 2 bps to 3.95 percent. The spread between existing loan

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  6. Property ownership waning in Greece as renting takes over

    Society

    an apartment, followed by 36.2 percent who owned land or another asset and 30.4 percent who owned a house. Six... for apartments and 20 percent for houses. However, it was also noted that within the last few years... two years was tourism-related property (61.9 percent) followed by apartments (24.3 percent

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  7. Building activity up again in May but with smaller rise of 1.9 pct

    EconomyMacroeconomy

    at 13,383 in 2014 from 65,474 registered in 2008. Apartment prices, which are indirectly linked to building... downward revision of Greek macro environment would lead to a sharper decline in apartment prices

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  8. Building permits shoot up by 14.7 pct in June
    Photo by MacroPolis

    EconomyMacroeconomy

    activity is indirectly linked to apartment prices, which fell for the twenty-fifth straight quarter... drop in apartment prices in the next two years. Building activity is also related to the evolution

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  9. Major fall of 31.6 pct for building activity in July

    EconomyMacroeconomy

    activity. Apartment prices, which are indirectly linked to building activity, recorded a decline... respectively, will further delay the long-awaited rebound in apartment prices at least for the next two

    11%

  10. Building permits down 11.4 pct in August for second successive drop

    EconomyMacroeconomy

    , the number of building permits landed at 13,383 in 2014 from a high of 65,474 in 2008. Apartment...) of 2015. Over the last seven years, apartment prices in Greece have dropped by more than 40 percent

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