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Consumer confidence takes off in May as rest of sectors deliver mixed data
EconomyMacroeconomyGreece’s economic sentiment (ESI) recorded a minor drop of 0.6 points in May, falling to 108.1... suffered during the pandemic. The index hit its most recent low in May 2020 following the Covid outbreak, dropping to 84.4. Over the rolling 12-month period, the ESI in May was almost 4 points over
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Hotel and catering jobs propel May hiring balance to new record
EconomyMacroeconomyGreece’s employment balance had another solid month in May, with 126,660 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in May last year saw 95,951 more hires, a strong year-on-year improvement of 31,069 jobs. May’s balance
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The World Cup, Argentina and Europe’s quest for moral clarity
Agorateam was treated abysmally; Somali referee Omar Artan was left without support when US authorities
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Budget execution shows surplus of 811 mln at start of 2014
EconomyMacroeconomy1 billion euros compared to the initial estimate of 812 million incorporated in the 2014 budget... the ESA-95 methodology. Thus, the equivalent MoF projection of 812 million under EAP stands at 3.9
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Greek May CPI falls 2 pct in one of biggest drops for more than a year
EconomyMacroeconomy) fell 2 percent in May, which was a faster pace compared to the preceding months. May's figures mean... in the first ten days of May. A similar pattern was also evident in November, when CPI slipped 1.4 percent.... The 2 percent decrease of the CPI in May is largely due to a drop in prices of three sectors
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In third straight month of decline, industrial turnover falls 4.9 pct in May
EconomyMacroeconomyby 4.9 percent in May from a revised -10.5 percent in April, according to the Hellenic Statistical Authority (ELSTAT). The May performance indicates the ninth negative reading in the past 17 months, while... a decline of 5.5 percent over the trailing 12 months. Manufacturing turnover fell 5.6 percent in May
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Greece sees tourist arrivals rise 12.6 pct in May but spending fall 10.6 pct
EconomyThe rate of increase in Greece's travel receipts significantly decelerated to 0.8 percent in May... to receipts of 1.07 billion euros. Travel payments, meanwhile, fell 11 percent in May to 173 million. As a result, the travel surplus improved by a modest 3.4 percent in May, rising to 898 million
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Greek trade deficit plunges by 24.2 pct in May
EconomyMacroeconomyAfter rising in the preceding two months, Greece’s trade deficit plunged 24.2 percent in May... billion in May, which is the second lowest reading so far in 2015. The sharp drop in May trade... in May, which indicates the second highest reading year to date. The drop in imports also follows
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Industrial production down by 4 pct in May after three successive rises
EconomyMacroeconomypercent in May following an upward revised 1 percent growth in April, according to the Hellenic Statistical Authority (ELSTAT). The May headline figure indicates the second negative reading so far... a drop in May with the biggest in mining and quarrying production (-15 percent) followed by electricity
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Travel receipts up 17 pct in May as average expenditure per trip rebounds
EconomyMacroeconomyGreece's travel receipts continued heading north at a double-digit rate in May, when they rose by 17 percent in May from 16.3 percent in April, according to the Bank of Greece (BoG). The absolute figures showed travel receipts stood at 1.22 billion euros this May from 1.04 billion last year, while
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