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Oil balance and drop in exports pushes current account to 1.19 bln deficit in June
EconomyMacroeconomyGreece’s current account recorded a deficit of 1.19 billion euros in June, from a surplus of 196.5 million euros in May, Bank of Greece (BoG) data released on Wednesday showed. In June 2024, the balance showed a surplus of 265.7 million euros. The Bank ...
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Economic sentiment rises in Dec despite sharp drop in retail trade
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved in December, with the index at 107.4 points, from 105.9 in the previous month, according to European Commission figures released on Thursday. Over the rolling 12-month period, December’s ESI was lower by 1 poin...
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Lending to corporates drives credit drop of 6.8 pct YoY in Apr
EconomyMacroeconomyCredit expansion in the Greek private sector remained strong in April, rising by 6.8 percent year-on-year (YoY), from 7.7 percent the previous month, Bank of Greece (BoG) figures released on Tuesday showed. The net lending flow was negative by 1.22 bill...
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Polls show Golden Dawn support dropping after murder, New Democracy profiting most
PoliticsGreek PoliticsTwo more opinion polls published this week have shown a drop in support for Golden Dawn, with New... this path in June. Independent Greeks, the right-wing anti-bailout party, mopped up 1.2 percent of GD’s... for New Democracy fell from 20.1 percent to 19 percent and SYRIZA saw its ratings drop from 20.5
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Greece's current account in surplus for the fourth consecutive month
EconomyMacroeconomybillion euros from 1.63 billion last year, according to Bank of Greece (BoG). The recorded drop year... is attributed to a drop in the trade deficit by 20.2 percent to 11.41 billion, reflecting... travel spending by non-residents up 12.4 percent to 2.85 billion in August. The respective eight months
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A closer look at Greece's 2013 budget primary surplus of 603 mln
EconomyMacroeconomyfor the second straight month in December, but the 12-month figure posted a drop of 4.9 percent, reflecting... drop in interest payments by 50.6 percent compared to last year (mainly owed to last year’s PSI... the wage cuts imposed on police and army forces would create a new hole of up to 500 million.
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Greek primary budget surplus doubles to 835 mln in Jan but below target
Economy(up 2.6 percent). It is worth noting that January revenues are not fully comparable to last year’s... better than the target. The sharp drop mainly reflects a drop in grants to social security sector
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Greek jobless rate remains stuck at 27.3 pct for third month
Economyof the past four months data by up to 0.5 percentage points unveiled a much smoother movement. In addition... unemployment figure stems from a 0.1 percent month on month (MoM) drop in the number of employed... in April, 3,600 lower than March. The cumulative drop over the past five years stands at 23.5 percent
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Greece sees tourist arrivals rise 12.6 pct in May but spending fall 10.6 pct
Economydrop in travel spending per trip, which almost counterbalanced a 12.6 percent rise in international... drop in May. The more updated figures by the Association of Greek Tourism Enterprises (SETE... to May increased by 16.3 percent, leading the 5-month travel surplus to 1.13 billion, up 6.7 percent
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Unemployment at 27.2 pct in May, hardly changed from previous months
EconomyMacroeconomyin May, decelerating from the 0.8 percent drop recorded in April. The May YoY rate is the second lowest... figure down 2.9 percent, rising from the 1.8 percent drop posted in April. In absolute figures, the number of employed reached 3.5 million in May, up by 22,300 compared to April. Nevertheless
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