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  1. General govt primary cash deficit at 7.01 bln in Sept, arrears up by 113 mln
    Photo by MacroPolis

    EconomyMacroeconomy

    time last year showed a surplus of 1.09 billion. A drop was also seen in local governments, where... in three out of six underlying subcategories. The biggest decrease came from SSFs with a drop of 22... (-38 million). At 37.1 percent of the total tax refunds make up the majority of the arrears

    22%
  2. Industrial production up 10.1 pct in Aug, marking 10-month recovery
    Photo via https://flic.kr/p/UF5yPQ

    EconomyMacroeconomy

    percent rise in manufacturing. The water supply index was also up by 4.3 percent. These were partially offset by a 7 percent drop in mining and quarrying. Up to August, the IPI has increased by 9.5 percent... (MoM), the index recorded a sharp drop of 13 percent, from a 9.4 percent monthly rise in July

    22%
  3. Building activity returns to growth in Sep, up 9 pct in 9M
    Image: MacroPolis

    EconomyMacroeconomy

    a drop of 4 percent in August, according to the data released by the Hellenic Statistical Agency..., with the biggest rise noted in the Ionian islands with 72.4 percent, and the largest drop in Thessaly... were issued in Western Macedonia with 35. During the first nine months of the year, permits were up

    22%
  4. Energy pushes import prices up by 11.4 pct YoY in Mar, highest since Dec 2022
    Image: https://flic.kr/p/4nopDC

    EconomyMacroeconomy

    the non-eurozone market, and a 1.6 percent drop from the eurozone market. Refined oil products jumped by 52.5 percent, oil and gas were up by 36.5 percent and basic metals up 5.7 percent. The monthly movements were led by refined oil products with a 69.2 percent rise, oil and gas up by 48.7 percent

    22%
  5. Increased revenues push Greek budget primary surplus up to 2.28 bln at end of July

    EconomyMacroeconomy

    this year’s figure exceeded target. The 7-month item reached 28.24 billion, up 2 percent. More... in July. Nevertheless, the 7-month figures still indicate a year on year drop of 2.2 and 4.4 percent... on year. The 7-month figures indicate a drop of 17.6 and 0.6 percent respectively. Note

    22%
  6. Banks gear up for stress tests, with results due in May

    EconomyBanking

    growing by a steady rate of 0.9 to 1.1 percent, residential real estate values will drop marginally... percent each year to 2020. In the adverse scenario, GDP is assumed to drop by 1.3 percent in 2018... the baseline. On prices, a resumption of deflation is assumed up to 1.8 percent in 2020, 5.7

    22%
  7. Building permits up by 4.4 pct in May and 5.3 pct in first five months
    Photo by MacroPolis

    EconomyMacroeconomy

    number of permits was issued in Attica (279 permits), up by 2.2 percent compared to last year... quarter of the year after a drop of 0.2 percent in Q1. The latest figure marks the first increase... drop of 1 percent, improving against the drop of 2.4 percent in 2016. The latest confidence indicator

    22%
  8. The conundrum of Greek olive oil exports
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyFeatures

    in Spain. But Greece’s olive oil export model is stuck in a rut. That’s because the vast majority... the mould of the current export model. The figures tell the story of how beneficial a change in strategy... model would increase efficiency, strengthen marketing and in turn help the branding of Greek olive oil

    22%
  9. Growth conditions improving but more work needed over longer term, PBO suggests
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    against an import model driven by private consumption, since this is not a productive model and is too similar to the consumption model which was partially responsible for sparking the Greek economic.... In absolute terms, the largest decline was noted in those owing up to 500 euros (-189,956 or -8.63 percent

    22%
  10. Survey shows investor interest remains solid

    EconomyFeatures

    investment. This is up from last year’s answer of 50 percent. Furthermore, 69 percent think... from 69 percent to 52 percent in the last survey, adding to hopes that Greece’s economic model... production model based on the stimulation of industrial extroversion, the integration of digital technology

    22%