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BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
Economyon how it expects the Greek economy and banking system to develop next year. The new report includes... contracting by 10 pct this year, broadly in line with the Finance Ministry’s estimates included in the budget of 2021. The recovery will resume next year with growth of 4.2 pct in 2021 and 4.8 pct
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Unemployment at 16.2 pct in Q3
EconomyMacroeconomy) of the year, dropping from a rate of 16.7 percent noted in Q2, Hellenic Statistical Authority... compared to the same quarter of the previous year. The number of persons employed amounted to 3.9... by 1.1 percent compared to the same quarter of the previous year The number of economically inactive
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Unemployment at 16.7 pct in October, unchanged from October 2019
EconomyMacroeconomyon Friday. For the same time last year, the unemployment rate also stood at 16.7 percent. During the month, employment increased by 6,336 people compared to September. Year-on-year, the figure.... The unemployment rate among women increased slightly by 0.2 percentage point (pps) year-on-year and came to 20.6
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Primary cash balance deficit at 17.82 bln in 2020
EconomyMacroeconomyyear, excluding the financing of the cash buffer, showed a surplus of 5.56 billion euros. The overall... dropped by 1.86 billion euros in December and came to 4.29 billion euros. For the full year, revenues fell by 8.87 billion euros to 42.33 billion euros against last year’s total of 51.20 billion
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Unemployment drops to 15.8 pct in December, lowest since February
EconomyMacroeconomyby 12,697 people. Year-on-year, the figure for those employed fell by 36,853 (-0.9 percent). Total... among women decreased by 0.9 percentage point (pps) year-on-year and came to 19.5 percent. The unemployment rate for men stood at 12.8 percent, a decline of 0.5 pps year-on-year. In December
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Unemployment at 16.2 pct in Q4
EconomyMacroeconomy) of the year, unchanged from Q3, Hellenic Statistical Authority (ELSTAT) figures showed... of the previous year. The number of persons employed amounted to 3.88 million. The employment rate... to the same quarter of the previous year. The number of economically inactive, i.e. the persons who
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Car sales almost double in March from level at start of pandemic
EconomyMacroeconomy. In March 2020, the year-on-year change showed a drop of 49 percent. Last month’s total number of new... the figure from two years ago. Car sales in March came to 16,731 compared to 8,470 in March last year...). Motorcycle sales jumped 103.1 percent from a year earlier in March at 3,444. The aggregate figure
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Travel balance falls by 89.3 pct in February
EconomyMacroeconomyGreece’s travel balance came to a surplus of 7.6 million euros in February from 70.7 million a year ago, Bank of Greece (BoG) data has shown. This is equal to a decrease of 89.3 percent year-on-year... visitors fell by 89.2 percent to 36,800. During the first two months of the year, travel receipts
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General government debt rises to 205.6 pct of GDP in 2020
EconomyMacroeconomyGreece’s general government debt rose to 205.6 percent of gross domestic product last year... euros, an increase of 10 billion euros from the year before, according to the first notification... percent last year, meaning that this translated into a 15.1 percentage point increase in the debt
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Construction revels as economic sentiment, consumer confidence rise further in April
EconomyMacroeconomyyear, the EEI has increased by 3.5 points. Meanwhile, compared to April 2020, the ESI has dropped... confidence is now just 2 points lower compared to April last year. However, it has some distance to cover...-on-month to stand at -5.8 points. Year-on-year, industry confidence is broadly stable, down by 0.2 points
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