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Current account deficit exceeded 20 bln last year, up from 12.27 bln in 2021
EconomyMacroeconomycame to 2 billion euros, compared to a deficit of 3.3 billion euros in the same month last year. Total imports came to 7.45 billion euros in December, from 6.82 billion last year. At the same time... year. The balance of goods excluding oil and ships was 2.14 billion euros in deficit, from 2.44
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BoG sees 2.3 pct growth this year, urges reforms to restore per capita GDP to pre-crisis levels
EconomyMacroeconomyfor this year, the challenges that lie ahead for the new Greek government as well as an array of policy recommendations. BoG says that the economy will grow by 2.3 pct this year, which is more moderate than the 6 pct noted last year, as the downturn in the eurozone is reflected and domestic private
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Current account deficit drops further, at 6.85 bln up to Aug from 11 bln last year
EconomyMacroeconomy, compared to a deficit of 3.05 billion euros in the same month last year. Total imports came to 6.61 billion euros in August, from 7.79 billion last year. At the same time, total exports came to 3.56 billion... reached a deficit of 579.8 million euros, from 1.02 billion euros last year. The balance of goods
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Car market starts year on the up, with 6.7 pct rise in Jan
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time opened the new year with a growth rate of 8.6 percent year-on-year (YoY) in January, after a 24.8 percent rise in December, according... increased by 18.3 percent from a year earlier to 4,953. In the full year 2023, road motor cars had risen
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Record year for tourism in 2023 with 20.46 bln in receipts, 32.74 mln visitors
EconomyMacroeconomy, compared to 243.1 million euros in 2022, up 41.5 percent year-on-year. Travel payments rose by 30 per.... For the full year 2023, travel receipts increased by 15.7 percent to 20.46 billion euros. Payments also... percent to 603.3 euro over the whole period, compared with 620 euro a year earlier. Receipts from
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Industrial production records second drop of year with 2.9 pct YoY decline in Oct
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) went into contraction in October with a 2.9 percent year-on-year (YoY) drop, after a 2.6 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. This is the second negative reading for the year
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Two hurdles left for coalition this year before bigger challenges in 2014
PoliticsGreek Politicsat the end of the year, exhausted and battered but not quite yet beaten. The first challenge is to pass... tax aims to collect 2.65 billion euros versus 2.49 billion this year. MPs will vote... than 15,000 per year should pay a monthly mortgage payment of 10 percent of their net monthly income
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Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year
EconomyMacroeconomyof the year), household consumption retreated 6 percent in 2013, leading to a 5.6 percent drop... percent in 2013. The downward trend accelerated in the last two quarters of the year to 15.3 percent... in the beginning of the year, exports grew by a modest 1.8 percent in 2013 on the back of a 2.7 percent
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Most Greeks saw income fall over last year, limiting purchasing power
Societythe last year. The reduction is proportionally higher in the 45-54 age group and for those... on summer holidays. Only 38 percent of salary earners say they will go on vacation this year. This is 11 percentage points lower than last year. For 59 percent of those who will enjoy a summer holiday
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The year that Greece (nearly) saw it all
Agoramanaged to produce an inconceivable amount of news, speculation and uncertainty in 2015. It was the year... economic recovery was stubbed out and the familiar sight of a shrinking economy returned. This year... and productive year for all. In the meantime, you will find below links to the three most popular
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