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Car sales drop by 23.6 pct in August and 29.4 pct in first 8 months
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time fell by 23.6 percent in August, compared to a drop of 14 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In August 2019, the year-on-year change showed a ri...
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Labour database shows 8 in 10 workers earn less than 1,200 per month
EconomyThe annual edition of data from Ergani, the Labour Ministry’s database, gives a good snapshot of Greek entrepreneurship and economic activity as well as details about the earning capacity of workers. According to Ergani Greek companies are dominated by ...
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Current account deficit at 8 bln after 10M as goods deficit widens
EconomyMacroeconomyGreece’s current account remained in deficit in October, widening to 383.2 million, from 316.5 million euros in September, Bank of Greece (BoG) data showed on Friday. In October 2023, the balance showed a deficit of 1.21 billion euros. The Bank of Greec...
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Exports produce strong finish to 2024 but trade deficit up 8 pct to 34.61 bln
EconomyMacroeconomyGreece’s trade deficit dropped by 9 percent year-on-year (YoY) at the close of 2024, after a rise of 18.7 percent in November, according to data released by ELSTAT on Friday. The deficit came to 3.109 billion euros for December. Imports totalled 7.13 bi...
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Construction continues recovery in Aug, down 8.4 pct YoY over 8 months
EconomyMacroeconomyBuilding activity remained in growth in August, with a rise of 7.8 percent year-on-year, after an increase of 12.2 percent YoY seen in July, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. The total number of perm...
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Strong primary surplus of over 8 bln at close of 2025 as spending is contained
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.09 billion euros for 2025, compared to a surplus of 8.7 billion euros a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday. Expenditure, excludi...
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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomyon new deposits fell 8 bps to 1.51 percent in June from 1.59 percent in May. The movement in the new loan... are now almost 1 percentage point closer to those in the euro area. In particular, the rate... that for larger amounts the loan rate In Greece is 1 percentage point higher than the euroarea average
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Newsletter 270 -23/10/2020
permanent hires in the national health service and improving intensive care facilities, a point... and the first half of the year is already shy of 8 pct. Although in the draft budget the Finance..., governor of Bank of Greece Yiannis Stournaras admitted that developments on the pandemic front point
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Hopes of EU providing immediate relief wane as economic challenges multiply
PoliticsGreek Politics. Prime Minister Kyriakos Mitsotakis arrived at the meeting having put forward a six-point plan to limit... are pricing a quarter-point hike in October compared with December before the meeting and see the key rate... it reached 7.2 pct in February and is expected to climb to 8 pct in March. Speaking on the radio
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New Democracy sees glimmer of hope in polls following support measures
PoliticsGreek Politicsfor Skai, ND has gained a percentage point since March to capture 24 pct of voting intentions... on to 8 pct, followed by Communist Party KKE at 7 pct and SYRIZA at 6 pct. Among the smaller parties... in voting intentions to reach 24.3 pct, while PASOK gains half a point to return to second place at 11.5
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