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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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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 in June, Hellenic Statistical Authority (ELSTAT) data released on Monday showed. The total number of permits came to 2,116. The corresponding surface area ro...
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Economic sentiment up to 92.3 in October, consumer confidence drops for fourth consecutive month
EconomyMacroeconomyGreece’s economic sentiment (ESI) rose by 2.8 points month-on-month in October to reach 92.3 points, European Commission (EC) figures showed on Thursday. In October, the Employment Expectations Indicator (EEI) for Greece came to 106.6 points compared to...
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