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Industrial turnover drops by 2.9 pct in November
EconomyMacroeconomyGreece’s industrial turnover fell by 2.9 percent year-on-year (YoY) in November compared to a revised drop of 14.3 percent in October, Hellenic Statistical Authority (ELSTAT) data published on Tuesday showed. The latest reading is the ninth consecutive decline in as many months, albeit representing
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Current account shows deficit of 1.26 bln in November
EconomyMacroeconomyGreece’s current account (C/A) balance posted a deficit of 1.26 billion in November compared to 767.4 million in October, Bank of Greece (BoG) data showed. In the same period last year, the balance showed a deficit of 1.39 billion euros, meaning that the deficit has improved by 126.5 million euros
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Uptick in Covid-19 cases prompts caution as govt prepares to tackle pension backlog
PoliticsGreek Politicsof relaxing the lockdown and pledged that the authorities will regularly evaluate the Covid-19 data
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Disposable income rises by 1.6 pct in Q3 2020
EconomyMacroeconomyGreek household disposable income rose by 1.6 percent year-on-year (YoY) in the third quarter (Q3) of 2020, improving compared to a decline of 11.8 percent in Q2, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. The absolute figure landed at 32 billion euros compared
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Retail turnover drops by 7.9 pct and volume by 6.9 pct in November
EconomyMacroeconomyGreece’s retail sales index decreased by 7.9 percent in November following a revised increase of 4.3 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The latest month’s reading was the biggest decrease since April’s drop of 24.5 percent, and shows the impact
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Stricter Covid-19 restrictions mulled, but Greeks warming to vaccine
PoliticsGreek Politicsencouraging data for the government in the Metron Analysis poll. Support for New Democracy in January
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PMI rises to 50 points in January on hopes of vaccine roll-out
EconomyMacroeconomyGreece’s manufacturing PMI rose to 50.0 points in January from 46.9 points in December, according to the latest data from Markit. According to Markit, readings over 50 indicate overall improvement, meaning that the latest figure signals unchanged operating conditions in the Greek manufacturing
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Trade deficit falls 10.8 pct in December as exports rise slightly
EconomyMacroeconomyGreece’s trade deficit fell by 10.8 percent year-on-year (YoY) in December compared to a drop of 18 percent in November, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed. The deficit came to 1.46 billion euros for the month. Imports totalled 4.44 billion euros
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Industrial production up by 3.3 percent in December
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) rose by 3.3 percent year-on-year (YoY) in December following a revised increase of 8.9 percent in November, Hellenic Statistical Authority (ELSTAT) data revealed on Tuesday. On a YoY basis, the index was consistently falling for most of the year, rising
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Some sad lessons the Western Balkans can learn from Bulgaria's EU Journey
AgoraDirect Investment (FDI) — data by the World Bank seems to indicate it plummeted after Bulgaria joined
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