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Newsletter 451 - 14/02/2025
countries. With the latest data up to November last year, Greek exports to the US were just under 2.2... in services, with 11.71 billion euros out of a total of 21.27 bn up to November last year coming from... for the eurozone this year was already subdued before the Trump administration "flooded the zone" in its first
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Newsletter 452 - 21/02/2025
to mark the two-year anniversary of the Tempe crash, the government will need to navigate... that the budget started the new year on a solid footing with tax revenues reaching 5.98 billion..., where rents grew by 9.2 pct year-on-year. Overall housing costs are up 4.6 pct annually, also thanks
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Newsletter 454 - 07/03/2025
at the end of last year. The yield on Germany's 10-year benchmark was 2.82 pct on Friday, 3.54 pct.... Greece last saw these yield levels in June last year and has been firmly on a downward path for the second half of last year. Uncertainty since Donald Trump's victory in the US presidential election
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Quarterly unemployment edges up to 9.5 pct in Q4
EconomyMacroeconomythe full effects of seasonality in the labour market thanks to the tourism sector peak in Q3 each year... was in Crete at 6.4 percent. The number of long-term unemployed (more than 1 year) came to 240,400..., has not worked for more than four years, though dropping by 6.2 percent year-on-year Most
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Accommodation and hospitality drive April hiring balance to highest on record
EconomyMacroeconomy. The hiring balance in April last year was also positive, with 132,352 more hires. This led to a year-on-year marginal rise of 1,555 jobs and this year is a new record, breaking last year’s high. Total... by 1.059 year-on-year, while voluntary exits were down by 3,732. Hirings were down by 1,118 jobs
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Waiters and chefs lead May hiring balance to highest on record
EconomyMacroeconomybalance in May last year was also strong, with 126,660 more hires. This led to a year-on-year rise of 11,181 jobs and this year is a new monthly record, breaking last year’s high. Total hirings in May came... of the total, with the remaining classed as layoffs and termination of contracts. Layoffs dropped by 3,884 year
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Firefighting capabilities beefed up as blazes and water shortages weigh on government
PoliticsGreek Politicswas substantially lower than the worst year on record over the last two decades, when 18,616 hectares were burnt by this time of year. However, EFFIS data for the 2006 to 2024 period indicates that the average for the cumulative burnt areas in Greece for this time over year was 4,674 hectares – almost
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Government adamant snap polls are not under consideration
PoliticsGreek Politicsthe possibility of snap elections, but the government is adamant that it will see out its four-year term... to consider any sudden moves. His party has been weakened by this year’s developments and it makes... relationship with the voters who have drifted away from New Democracy over the last year. The government
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ELSTAT resumes monthly unemployment updates after review, rate at 8 pct in July
EconomyMacroeconomylast year, the unemployment rate was 9.8 percent. ELSTAT postponed last month’s labour force survey... unemployment rate in May 2008. Year-on-year, the number of employed people increased by 146,753 people... at 1.36 million out of job in July 2013. The inactive population decreased by 94,836 people year
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Seasonal factors take unemployment rate to 8.6 pct in Q2 - lowest since 2008
EconomyMacroeconomysector peak in Q3 each year and the build-up in hiring for the high season in Q2. A total of 411,722... Aegean at 3.8 percent and Crete at 4.1 percent. The number of long-term unemployed (more than 1 year... portion, 105,700, has not worked for more than four years, though dropping by 7.5 percent year-on-year
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