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Retail turnover up by 10.1 pct in January
EconomyMacroeconomyGreece’s retail sales index increased by 10.1 percent in January following an upward revised rise of 2.2 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. This is the highest reading since February 2017, when the index...
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OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
EconomyThe Organisation for Economic Cooperation and Development published on Monday a report that evaluates the initial impact on economic activity of containment measures taken around the globe against the spread of the coronavirus. The report notes that as ...
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Despite satisfaction with Covid-19 numbers, govt not eyeing let-up in restrictions
PoliticsGreek PoliticsAs Greek Orthodox Easter approaches, the government is trying to dampen speculation about when it might start lifting the restrictions on movement and the idea that snap elections might be held later this year. The government is insisting that it has no...
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Retail turnover increases by 4.7 pct in February, volume up by 3.5 pct
EconomyMacroeconomyGreece’s retail sales index increased by 4.7 percent in February following a rise of 7.8 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The current month’s reading is the seventh consecutive positive reading so far....
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New tax debt at 1.67 bln to Feb, up by 1.04 bln month-on-month
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 1.04 billion euros in February, data from the Independent Authority of Public Revenues (IAPR) has shown. New tax debt totalled 1.67 billion, lower than the figure for the same period last year by ...
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Turkey ramps up rhetoric, Greece strengthens presence at Evros border
PoliticsForeign PolicyGreece is continuing its efforts to fortify its borders with Turkey in the northeastern region of Evros. There are concerns in Athens that with the gradual relaxation of lockdown rules in Turkey there is a high possibility that there will be a new flow ...
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Current account shows deficit of 1.13 bln in April, travel receipts crash as arrivals dry up
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 1.13 billion euros in April compared to a deficit of 1.10 billion in March, Bank of Greece (BoG) data showed on Friday. In the same period last year, the deficit was 1.40 billion euros, meaning ...
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New tax debt up by 222 mln MoM in April, total for year at 2.44 bln
EconomyMacroeconomyThe month-on-month rise in Greece's new tax debt came to 222 million euros in April, data from the Independent Authority of Public Revenues (IAPR) has shown. New tax debt totalled 2.44 billion, lower than the figure for the same period last year by 16.1...
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Credit growth up by 1.5 pct in July
EconomyMacroeconomyCredit movement in the Greek private sector rose by 1.5 percent in July after an increase of 0.4 percent in June, Bank of Greece (BoG) figures showed on Thursday. The outstanding balance increased to 147.58 billion euros. The latest increase is the high...
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Credit growth in August up by 1.9 pct
EconomyMacroeconomyCredit movement in the Greek private sector rose by 1.9 percent in August after an increase of 1.5 percent in July, Bank of Greece (BoG) figures showed on Friday. The outstanding balance increased to 147.72 billion euros. The latest increase is the high...
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