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  1. Budget deficit of 6.38 bln in Aug confirmed; target beaten due to one offs
    Finance Ministry

    EconomyMacroeconomy

    months of 2021, compared with a deficit of 5.48 billion in the same period last year, the final Finance... euros compared to a deficit of 9.68 billion euros in the aggregate period last year. Thanks to the two... million euros. Expenditure Overall expenditure in the first eight months of the year stood at 45.21

    1%

  2. ND walks tightrope with 2022 budget, looks for answer to inflation

    PoliticsGreek Politics

    will be based on growth of 6.1 pct this year – slightly higher than the 5.9 pct that Prime Minister... reportedly been revised down to 4.5 pct in the draft budget. Next year’s budget will be a political... that they are on the receiving end of austerity measures the year before national elections are due to take place

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  3. Industrial production up 10.1 pct in Aug, marking 10-month recovery
    Photo via https://flic.kr/p/UF5yPQ

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) rose by 10.1 percent year-on-year (YoY) in August... on Friday. IPI has been on the mend since November last year, with the most notable rise of 22.6 percent recorded in April, capturing the low base effect of last year’s strict first lockdown. Month-on-month

    1%

  4. Building permit growth slows to 6.8 pct July, activity up by 31 pct in first seven months
    Photo by MacroPolis

    EconomyMacroeconomy

    year-on-year (YoY), from 17.6 percent in June and 62.9 percent in May, according to Hellenic... 2,143 in July last year as Greece was coming out of the first strict lockdown. The corresponding... in western Macedonia where 25 permits were issued compared with 26 last year. During the first seven

    1%

  5. Industrial turnover jumps 31.6 pct in Aug as strong recovery is boosted by business abroad
    Photo via https://flic.kr/p/2iUFUMF

    EconomyMacroeconomy

    Greece’s industrial turnover continued its impressive recovery, jumping by 31.6 percent year-on-year (YoY) in August, following an increase of 25.1 percent in July, based on data from the Hellenic... 2020, when the pandemic reared its head. The first sign of recovery came roughly one year later

    1%

  6. Disposable income rises by 7 pct in Q2 as economy recovers, savings still positive
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    Household disposable income increased by 7 percent year-on-year in the second quarter (Q2), from...) data released on Tuesday. The absolute figure was 33.04 billion euros, from 30.89 billion euros a year...) stood at 3.8 percent, from 10.7 percent a year ago. In the non-financial corporation sector, gross

    1%

  7. Manufacturing and electricity supply help keep industrial production buoyant in Sep
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) rose by 9.7 percent year-on-year (YoY) in September... on Wednesday. IPI has been on the mend since November last year, with the most notable rise of 22.7 percent recorded in April, mainly thanks to the low base effect of last year’s strict first lockdown

    1%

  8. Building activity recovery continues in Aug, up by 29 pct in 2021
    Photo by MacroPolis

    EconomyMacroeconomy

    year-on-year (YoY), from an increase of 6.8 percent in July, according to Hellenic Statistical... in August last year as the sector was gradually regaining its footing from the first strict lockdown... permits were issued compared with 25 last year. During the first eight months of the year, building

    1%

  9. Govt pleads with firms to absorb inflation as surveillance claims prompt calls for accountability
    Photo by MacroPolis

    PoliticsGreek Politics

    in the first ten months of the year, while borrowing has driven the debt ratio up to the region of 200 pct... to pursue expansionary policies this year, a tightening of the eurozone rules is imminent in 2022..., PEPP, which is due to end in the coming year. The tightening fiscal situation has already led

    1%

  10. Industrial turnover continues recovery with 39.6 pct rise in Sep, led by sales abroad
    Photo via https://flic.kr/p/8svhf

    EconomyMacroeconomy

    Greece’s industrial turnover continued its remarkable recovery, jumping by 39.6 percent year-on-year (YoY) in September, from a 31.6 percent rise in August, according to data from the Hellenic..., when the pandemic struck. The first sign of recovery came roughly one year later, posting growth

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