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Trade deficit jumps by 31.3 pct in August as imports outpace exports
EconomyMacroeconomyGreece’s trade deficit increased by 31.3 percent in August after a rise of 5.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The deficit stood at 1.63 billion for the month. The increase was driven by imports strongly outpacing exports. Exports increased by 3.5
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Net job hirings of 17,128 in September after brief dip
EconomyMacroeconomyThe employment balance returned to positive territory in September with a net figure of 17,128 as hirings outpaced departures, data from the Labour Ministry’s Ergani information system revealed on Friday. The September balance is the seventh reading of net growth in the job market in the last eight
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Car sales continue to grow with 30.1 pct rise in September
EconomyMacroeconomyRoad motor vehicles (going into circulation for the first time) rose by 30.1 percent in September from 31.3 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Monday. Car sales for September came to 11,767, increasing from August’s figure of 10,549. Passenger cars rose by 35
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Industrial production rises by 5.6 percent in August after revised July growth
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased by 5.6 percent in August following upwardly revised growth of 2.1 percent in July, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday. In the year so far, the IPI has remained steadily in positive territory. The increase originates
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Building activity falls by 2.4 pct in July
EconomyMacroeconomyBuilding permits declined by 2.4 percent in July compared to a rise of 9 percent in June, Hellenic Statistical Authority (ELSTAT) data released on Thursday showed. The headline rate puts building activity back into negative territory after two straight months of positive growth. The absolute figure
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New overdue tax obligations at 1.07 bln in August, total at 98.23 bln
EconomyMacroeconomyGreece’s new tax debt rose to 1.07 billion euros in August, declining from July’s figure of 2 billion, the Independent Authority of Public Revenues’ (IAPR) data has revealed. New unpaid obligations from tax categories rose by 937.5 million in August, down from 1.44 billion in July. Around 18
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Despite talks in US, review still looms large
PoliticsGreek Politicslenders are equally sanguine about next year’s fiscal prospects. The September budget execution data
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Primary cash surplus at 1.75 bln as expenditure rises in Sept
EconomyMacroeconomyGreece’s central government primary cash balance came to a surplus of 1.75 billion euros in the first nine months of 2017, compared to a surplus of 4.05 billion euros for the same time last year, Bank of Greece (BoG) data revealed on Thursday. The BoG notes that this year’s figure includes arrears
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Industrial turnover remains on growth path with 6.1 pct rise in Aug
EconomyMacroeconomyGreece’s industrial turnover rose by 6.1 percent in August, following an 8.9 percent rise in July, according to Hellenic Statistical Authority (ELSTAT) data published on Friday. The headline figure for August is the ninth consecutive positive reading, although it is the slowest rate of growth
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PM hopes to avoid stumbling blocks amid numerous outstanding review actions
PoliticsGreek Politicsthe coalition’s biggest fear is that after poring over next year’s draft budget and this year’s fiscal data
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