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End of freeze on layoffs coincides with worst ever hirings balance in Nov
EconomyMacroeconomyGreece’s employment balance remained deep in the red in November with 79,129 more departures than hires, from negative 70,048 in October, according to data from the Labour Ministry’s Ergani information system. The balance in November last year was negative by 29,933, suggesting a drop of 49,196 job
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PM seeks to leave ICU controversy behind as Tsipras ups stakes with snap election call
PoliticsGreek Politicsa smaller drop, from 33.6 to 33 pct. While this means that New Democracy’s lead over SYRIZA has widened
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Industrial turnover rises by 40.6 pct in Oct
EconomyMacroeconomy. In the domestic market, October’s rise was led by 29.9 percent increase in manufacturing, and a drop
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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
EconomyBankingpct consumer loans, 300 million. Following this transaction, the bank’s NPE ratio will drop to 13
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Retail sales rise by 13.1 pct in Oct, led by fuels and non-food sectors
EconomyMacroeconomyGreece’s retail sales accelerated in October, rising by 13.1 percent, from a downward revised increase of 12.5 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. Retail sales have been growing continuously since April, after nearly one year of drop in sales due
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Newsletter 322 - 07/01/2022
budget. The main pandemic relief measures on the revenue side stem from the 3 percentage point drop
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Another strong rise of 8 pct for industrial production in Nov, led by manufacturing
EconomyMacroeconomyhad dropped by 10.8 percent. Month-on-month (MoM), the index dropped by 1.2 percent, after a drop
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Car sales continue to grow in Dec for rise of 23 pct in full year
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 21.4 percent year-on-year (YoY) in December, from a 20.7 percent rise in November, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In December 2020, the year-on-year change was a drop of 6 percent
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Despite job losses in Q4 2021, year closes with positive hirings balance
EconomyMacroeconomyby 2,116, suggesting a drop of 4,714 job postings year-on-year (YoY). However, due to the pandemic
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Disposable income grows by 6.2 pct in Q3, saving rate turns negative
EconomyMacroeconomya year ago. A drop of 13.8 percent was noted in other current transfers. Social contributions increased
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