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Trade deficit falls by 18 pct in November
EconomyMacroeconomyGreece’s trade deficit fell by 18 percent year-on-year (YoY) in November compared to a drop of 30... of 4.2 percent compared to the same month last year. A breakdown of the figures by geography showed... for the first eleven months of the year showed that the trade deficit fell by 19.3 percent, bringing
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Budget primary confirmed at deficit of 18.20 bln in 2020
EconomyMacroeconomya deficit of 22.81 billion euros compared to a mild deficit of 168 million euros seen the year before. For the whole of last year, the budget balance was above its target by 1.51 billion euros... billion in the aggregate period, above target by 79 million euros. For the same period last year
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Newest Greek market foray for 10-yr bond breaks two records
EconomyMacroeconomyGreece took its first step towards executing the debt strategy for the new year with an impressive... in an adjustment programme in May that year. Although towards the end of last year and the start of 2021... market foray at the end of last year for a 15-year re-open, fund managers are lower from the 61 pct
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Newsletter 283 -05/02/2021
after just the first month of the year. Naftemporiki reported on Wednesday that the Finance Ministry is thinking of directing another 2.6 billion euros towards its relief package for this year... the government had budgeted for this year would not be sufficient. Staikouras was also open about the fiscal
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In 9th post-bailout review, EC sees reforms slowing due to pandemic
EconomyProgrammeadopted in December last year and the higher education law that was voted on this month. Greece’s so... this year more subdued at 3.5 pct, noting that it took place before the recent containment measures... the 7.5-billion-euro support portfolio that was included in this year’s budget. Based on the Commission's latest
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GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
EconomyMacroeconomyto revision in the second GDP estimate which ELSTAT will release later in the year. The GDP increase... that for the year, the GDP contraction was driven by a 21.7 percent fall in exports and a 3.4 percent... receipts came to 4.28 billion euros for the full year, a collapse from 18.2 billion euros the year
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Industrial production up by 3.4 percent in January
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) rose by 3.4 percent year-on-year (YoY) in January..., the IPI fell by an average of 2.1 percent compared to the year before. The aggregate decline was driven... by 0.6 points month-on-month to stand at -10.6 points. Year-on-year, industry confidence has fallen
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Govt prepares new round of economic relief as Covid remains a threat
PoliticsGreek Politics’s budget plans for this year. Speaking to Sunday’s Kathimerini, Finance Minister Christos... euros this year, barring any other negative developments. This is almost double the amount the Finance... of this year and 54 pct of 2019 in the third. At the regional airports, the traffic in the third
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BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
Economysector. Despite the heavy economic contraction of 8.2 pct last year, the economy showed resilience... support, which reached last year 11.2 pct of GDP. BoG expects a strong rebound in the second half of the year, towards an annual growth estimate of 4.2 pct, of course subject to uncertainties related
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Trade deficit falls by 33.2 pct in February
EconomyMacroeconomyGreece’s trade deficit fell by 33.2 percent year-on-year (YoY) in February compared to a drop... a decrease of 8.5 percent compared with the same month last year. A breakdown of the figures... months of the year showed that the trade deficit fell by 28 percent, bringing the total shortfall to 2.6
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