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  1. Household disposable income jumps by 5.1 pct in Q1
    Photo by MacroPolis

    EconomyMacroeconomy

    Household disposable income increased by 5.1 percent year-on-year in the first quarter (Q1) of 2021... billion euros a year ago. A drop of 5.6 percent was noted in other current transfers. Social...) stood at 9.8 percent in Q1, from -2.4 percent a year ago. In the non-financial corporation sector

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  2. Budget primary deficit reaches 9.09 bln for H1, up almost 3 bln on 2020
    Photo by MacroPolis

    EconomyMacroeconomy

    of the year recorded a deficit of 12.22 billion euros compared to a deficit of 9.23 billion euros in the same period last year. For the current aggregate period, the budget balance beat its target... months of the year stood at 34.19 billion euros, below the target by 641 million euros. Interest

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  3. Government compromises on 2 pct rise for minimum wage
    Photo by Gerasimos Domenikos/Fosphotos

    PoliticsGreek Politics

    , to 663 euros. The change looks likely to kick in from the beginning of next year rather than straight away. Business associations had wanted the minimum wage to remain unchanged for another year following last year’s recession of 8.2 pct of GDP, but the country’s main labour union, GSEE, had been calling

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  4. Industrial production up 8.8 pct in June, continues annual recovery from 2020 lows
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) increased by 8.8 percent year-on-year (YoY) in June... the low base effects of the same period last year, when Greece was in its first general lockdown in April... the first half of the year, the IPI has increased by 9.6 percent YoY. The aggregate was driven

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  5. Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
    Photo by MacroPolis

    EconomyBanking

    basis, the net loss in the first half (H1) of the year came to 2.33 billion euros, compared with a profit of 89.2 million euros in the same period last year. Core pre-provision income (PPI) fell by 4.5 percent quarter-on-quarter (QoQ) to 225.9 million. Year-on-year (YoY), core PPI rose by 2.9

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  6. Eurobank profitability accelerates in second quarter, at 190 mln in H1
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted a net income of 190 million euros in the first half (H1) of the year, compared to a loss of 1.17 billion euros in the same period last year. In the second quarter (Q2), net profit... by 2.4 percent year-on-year (YoY) in H1 to 445.6 million euros, with 224.3 million euros of loan

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  7. Growth in building activity decelerates to 17.6 pct in June after post-lockdown boom
    Photo by MacroPolis

    EconomyMacroeconomy

    The number of building permits issued in Greece decelerated to an increase of 17.6 percent year-on-year (YOY) growth in June, from 62.9 percent in May, Hellenic Statistical Authority (ELSTAT) data... issued in western Macedonia where 26 permits were issued compared with 18 last year. During the first

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  8. Short-term fix for electricity bills leaves open questions for green transition strategy

    Society

    have more than doubled since the start of the year, as a combination of external and domestic... that it will subsidise customers’ electricity bills until the end of the year. However, it seems that more..., as they were at the start of the year, each MWh of electricity generated from lignite cost 49.5 euros

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  9. ND eyes more tax relief as early elections come into play
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    employees and pensioners earning more than 12,000 euros per year. It is another indication... negotiations begin next year about potential changes to the EU’s Stability and Growth Pact... measures already in place for this year and next year also strengthens the belief that many commentators

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  10. RRF injection pushes primary balance above target, but regular tax revenues short by 504 mln

    EconomyMacroeconomy

    of 2021, compared with a deficit of 5.48 billion in the same period last year, the preliminary Finance... billion euros compared to a deficit of 9.68 billion euros in the aggregate period last year. Thanks... the target by 89 million euros. Expenditure Overall expenditure in the first eight months of the year

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