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Accommodation and food services turnover collapses by 84.6 pct in Q2
EconomyMacroeconomyThe turnover index in accommodation and food services collapsed by 84.6 percent year-on-year (YoY) in the second quarter (Q2) of the year, following a downward revised drop of 7.2 percent YoY in Q1... since March. The travel balance up to June has essentially evaporated, dropping by 94 percent year
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Trade deficit falls by 27.1 pct in August
EconomyMacroeconomyGreece’s trade deficit fell by 27.1 percent year-on-year (YoY) in August compared to a drop of 17.1... of 14.2 percent compared to the same month last year. A breakdown of the figures by geography... for the first eight months of the year showed that the trade deficit fell by 19.8 percent, bringing
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Industrial production drops by 3.8 pct in August
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) decreased by 3.8 percent year-on-year (YoY) in August... on Friday. On a YoY basis, the index has remained consistently negative in the year so far and has... month-on-month to stand at -18.1 points. Year-on-year, industry confidence has fallen by 19.1 points
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Building permits rise by 12 pct in July as construction picks up
EconomyMacroeconomyBuilding permits rose by 12 percent year-on-year (YoY) in July compared to a rise of 17 percent... be considered that low absolute numbers of building permits can lead to disproportionate year-on-year... months of the year, building permits rose by 15.9 percent. Total permits in the aggregate period
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Employment balance negative by 33,356 in October as seasonality affects education and tourism hires
EconomyMacroeconomythe Labour Ministry’s Ergani information system showed. Compared to the same month last year... security (-2,180). In the first ten months of the year, the employment balance showed that there were... aggregate period. The respective balance for the same period last year showed a positive balance of 161,869
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Lenders acknowledge reforms, flag up tricky fiscal path ahead
EconomyProgrammeGreece managed to clear on Wednesday the fourth post-programme review for this year and the third... blow this year, one of the worst across the EU, due to the high dependency on tourism..., which see Greek GDP falling by 9 pct this year and recovering by 5 pct in 2021. It is noted though
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Eurobank net results show loss of 1.08 bln in 9M
EconomyBankingin Q2 2020. Year-on-year (YoY), PPI rose by 5.1 percent in 9M to 648.3 million. Asset quality The non... to 647 million in 9M. The cost to income ratio improved to 41.9 percent in 9M from 48.6 percent a year... in the same period last year. Fokion Karavias, CEO of Eurobank, said that a year after
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OECD sees heavy hit from pandemic, gradual recovery in 2021 picking up pace in 2022
Economylatest budget, the OECD also sees a contraction go 10 percent in GDP this year. Recovery in 2021.... Specifically, GDP is expected to contract by 10.2 percent this year, followed by a recovery of 0.9... by 7 percent this year, followed by growth of 1.3 percent and 3.6 percent in 2021 and 2022
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Car sales drops by 12.5 pct in November, declining by nearly 25 pct in aggregate
EconomyMacroeconomyon Friday. In November 2019, the year-on-year change showed a rise of 12.5 percent. Car sales for the month came to 13,516 compared to 15,439 in November last year. Out of the total, passenger car sales... prefecture. The aggregate figure for the eleven months of the year showed that sales decreased by 24.9
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Budget primary shows deficit of 18.20 bln in 2020, total deficit at 22.81 bln
EconomyMacroeconomy. For the same month last year, the primary deficit came to 1.93 billion euros. The budget balance... in the aggregate period last year. For 2020, the budget balance was above its target by 1.51... period last year, interest payments stood at 5.23 billion. In the year to date, total expenditure
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