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Athens strives to bridge fiscal gap before unveiling 2020 draft budget
EconomyProgrammefor next year that will show how the 3.5 percent of GDP primary surplus will be achieved without... this year and next. The government still appears to be holding out some hope that it will be able... until later this year, possibly at the Eurogroup meeting in early December. It is clear, though
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Trade deficit edges down by 1.7 pct in August
EconomyMacroeconomyGreece’s trade deficit fell by 1.7 percent year-on-year (YoY) in August compared to a rise of 6.3..., exports totalled 2.38 billion euros, recording a drop of 7.3 percent compared to the same month last year... deficit dropped by 9.8 percent YoY in August. The aggregate figure for the first eight months of the year
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Car sales rise by 22.9 pct in September
EconomyMacroeconomyon Wednesday. In September 2019, the year-on-year change showed a drop of 0.8 percent. Car sales for the month came to 14,338 compared to 11,668 in September last year. Out of the total, passenger car... in the Attica prefecture. The aggregate figure for the first nine months of the year showed that sales
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Despite ongoing budget talks, ND eyes more relief measures in coming months
PoliticsGreek PoliticsEven though negotiations between Athens and the institutions regarding next year’s budget, and the potential fiscal gap, are continuing, New Democracy is targeting more relief measures this year... the government’s decision to readjust assessed property values in 7,000 areas next year. The government aims
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Rate of increase in overdue taxes drops in Aug as total passes 105 bln
EconomyMacroeconomymonths of the year revealed that new tax debt totalled 4.68 billion, lower than the figure for the same period last year by 27 percent. In July the total stood at 3.93 billion euros. New unpaid... of the year, of the 1.19 billion due for income tax, 816.2 million have been paid. The single
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Industrial turnover falls by 8.1 pct in August
EconomyMacroeconomyGreece’s industrial turnover dropped by 8.1 percent year-on-year (YoY) in August following... on Friday showed. August’s reading is the fourth negative reading for the year so far and the lowest... rose by 0.4 points month-on-month to stand at 1 point. Year-on-year, industry confidence has risen
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Deposits drop by 622 mln in Sept after six months of inflows
EconomyMacroeconomylast year, net deposit movement was positive by 101 million euros. A breakdown of the figures... euros in the first nine months of the year. The aggregate figure for the same period last year showed... in aggregate deposit inflows year-on-year. The latest aggregate balance is attributed to sight inflows
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Retail turnover increases by 1.2 pct in August, volume edges up by 0.8 pct
EconomyMacroeconomy’s reading is the third positive reading for the year so far. The corresponding volume index edged... positive reading is the mildest positive increase in the year so far. As with sales, the volume index has turned positive three times in the first eight months of the year. Compared to August 2018
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Trade deficit rises by 2.3 pct in September
EconomyMacroeconomyGreece’s trade deficit rose by 2.3 percent year-on-year (YoY) in September compared to a fall... a rise of 6.1 percent compared to the same month last year. A breakdown of the figures by geography... in September. The aggregate figure for the first nine months of the year showed that the trade deficit
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Employment balance turns negative by 125,668 in October
EconomyMacroeconomythe Labour Ministry’s Ergani information system showed. Compared to the same month last year... in the Greek job market as the school year starts and the tourism season winds down, as demonstrated... balance for the same period last year was 168,282 meaning that in the aggregate period this year
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