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Car sales up by 23.9 pct in March and by 33.3 pct in three-month period
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 23.9 percent in March, remaining positive but declining against the 33.1 percent increase in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday. Car sales for the...
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Economic sentiment up to 104.2 in May, construction confidence grows by 15.7 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) grew by 0.6 points to 104.2 in May versus 103.6 in April, European Commission (EC) figures revealed on Wednesday. May’s reading is the second consecutive reading above the 100-point mark, following the index dipping to ...
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More debt talks lined up but chances of IMF departure growing
EconomyProgrammeFollowing an unsuccessful attempt to reach a compromise on Greece’s debt relief package over the weekend, the country’s lenders are due to make another effort to find common ground on Thursday. However, it is looking increasingly unlikely that the final...
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CPI up by 0.6 pct in May, second positive reading the year
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 0.6 percent in May after remaining stable in April, Hellenic Statistical Authority (ELSTAT) data showed on Friday. Last year was the first where there was a consumer price rise after four years of deflation. T...
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Coalition plays down sub-tranche delay, opposition steps up pressure
PoliticsGreek PoliticsThe Greek government played down on Friday the news that the European Stability Mechanism (ESM) has decided not to release yet the 1-billion-euro sub-tranche that was dependent upon arrears clearance targets being met. An ESM spokesman revealed that the...
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Car sales up by 18.7 pct in May, motorcycle sales rise 16.3 pct
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 18.7 percent in May Hellenic Statistical Authority (ELSTAT) data showed on Monday, slowing from the increase noted in April, which came to 29.3 percent. Car sales for the month came t...
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Trade deficit up by 30.9 pct in June as imports grow faster than exports
EconomyMacroeconomyGreece’s trade deficit jumped by 30.9 percent year-on-year (YoY) in June, reversing the decline of 15.8 percent noted in May according to data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday. The deficit stood at 1.97 billion euros ...
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Car sales up by 17.9 pct in July and 27.2 pct in first seven months of the year
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 17.9 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Thursday, slowing down from the rise of 28.4 percent in June. Car sales for the month came to 17,685. The ...
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Coalition tweaks labour market, lines up more post-MoU changes
PoliticsGreek PoliticsPrime Minister Alexis Tsipras is putting the finishing touches to the package of policy pledges he is due to make at the Thessaloniki Expo (DETH) on Saturday, but his government has already taken the first, partly symbolic, step in restoring workers’ ri...
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VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
EconomyFeaturesThe European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear to have fed tax avoidance rather than close the gap between expected and actual revenues. Out of the European Union countries surveyed, Greece fared among the ...
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