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  1. Budget primary balance continues strong performance in Oct, ahead of target by 6.4 bln
    Photo by MacroPolis

    EconomyMacroeconomy

    , compared to a deficit of 7.18 billion euros in the same period last year, according to the preliminary... of the year. Expenditure, excluding interest payments and the public investment budget, came to 43.13... by an impressive 5.26 billion euros. This is due to the better performance of the previous year taxes collected

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  2. Producer price index quickens pace in Oct with 8.1 pct monthly rise

    EconomyMacroeconomy

    year-on-year (YoY), after a rise of 29.4 percent in September, ELSTAT data showed on Wednesday... by 9.1 percent. It has been growing ever since, gathering pace over nearly a year and half. This has taken the index from 102.63 points in February last year, to 159.31 points. Month-on-month (MoM

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  3. PM offers shopping bill subsidy as surveillance scandal threatens to spill over into judicial crisis
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    on Saturday that his government will offer households a subsidy for their grocery shopping next year... Greeks through the cost-of-living crisis. Over the last year or so, the centre-right government has... next year’s elections. The left-wing party claimed that on average each family stands to gain 30

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  4. PM defends grocery stipend, hopes to draw support from PASOK

    PoliticsGreek Politics

    for a reduction of VAT on food and fuel for at least one year. The leftists argue this would be a more... leader, Nikos Androulakis, a year ago. It appears that this was a trigger for some moderate centre-left... moved an outright majority in next year’s elections (around 38 pct would be needed in a second vote

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  5. BoG revises 2023 growth to 1.5 pct as short- and medium-term challenges persist
    Image: MacroPolis

    EconomyMacroeconomy

    global challenges in its forecast for Greece, with growth next year seen declining substantially... growth next year, seeing it matching the 9.9 pct of this year, compared to the 15 pct expected by the Finance Ministry, on the back of a boost from the RRF. HICP is seen at 9.4 pct this year, driven

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  6. Producer prices rise by 26.2 pct in Nov, up by almost 50 pct since 2021
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyMacroeconomy

    by 26.2 percent year-on-year (YoY), after a 35.4 percent increase in October, ELSTAT data showed... annually by 9.1 percent. It has been growing ever since, gathering pace over a year and half. This has taken the index from 102.63 points in February last year, to 150.08 points. Month-on-month (MoM

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  7. OECD sees recovery slowing, urges fiscal discipline
    Photo via http://www.oecd.org/

    EconomyMacroeconomy

    ahead for Greece during 2023, an election year. Surging energy prices, supply disruptions... will fall sharply this year to just 0.5 pct growth, from 8 pct in 2022, while investment spending will be a much more modest 2.5 pct, from 8.5 pct last year, and exports of goods and services

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  8. Import price growth slows further to 11 pct in Dec, records back-to-back monthly drop
    Image: https://flic.kr/p/Tsun9u

    EconomyMacroeconomy

    by 11 percent year-on-year (YoY), from 15.7 percent in November, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. The index peaked in April last year with a 39.1... percent in the previous month. The index had five monthly contractions since May last year. The index

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  9. Company revenues rise by 35.5 pct in 2022 on back of inflation and card transactions
    Photo by MacroPolis

    EconomyMacroeconomy

    The total turnover of enterprises in the Greek economy for 2022 jumped by 35.5 percent year-on-year... of the pre-pandemic year 2019. The biggest total revenue in 2022 was in the wholesale and retail trade... was in wholesale and retail with 36.2 percent, from 40.9 percent last year. It was followed by manufacturing

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  10. Machinations intensify as announcement of election date approaches
    Photo by MacroPolis

    PoliticsGreek Politics

    for another increase next year, following on from this year’s rise, and that the current government... euros to support measures this year. Originally, 4.5 billion euros had been budgeted for such interventions in 2023, but since this year’s economic plan was drawn up, Mitsotakis unveiled the Market Pass

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