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Current account deficit improves significantly, reaching 6.62 bln up to Aug
EconomyMacroeconomyGreece’s current account recorded a surplus of 1.1 billion euros in August, from a surplus of 938.4 million euros in July, Bank of Greece (BoG) data released on Tuesday showed. In August 2024, the balance showed a surplus of 313.5 million euros. The Ban...
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Current account deficit at 2.34 bln in Mar, up to 6.96 bln in Q1
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.34 billion euros in March, Bank of Greece (BoG) data released on Friday showed. In March 2025, the balance showed a deficit of 3.2 billion euros. The Bank of Greece notes that this is due to improvements ...
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Q1 disposable income up 3.2% YoY, saving rate negative for six straight quarters
EconomyMacroeconomyHousehold disposable income increased by 3.2 percent year-on-year (YoY) in Q1 2026, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. The absolute figure was 37.93 billion euros in Q1, from 39.13 billion euros a year ago. Hou...
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Samaras gears up for return as Tsipras guns for first place in elections
PoliticsGreek PoliticsAlexis Tsipras has used the August lull to reassert his presence, amid a growing verbal battle with PASOK, and Antonis Samaras appears ready to accelerate the launch of his new party. September is emerging as the most likely moment for the announcement ...
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Greece's industrial production shows no signs of reversing the negative trend
EconomyMacroeconomyThe Industrial Production Index recorded a drop of 1.8 percent in September showing a decelerating trend following a drop exceeding 7 percent in the preceding two months, according to Hellenic... recording the highest decline, while the remaining monthly readings showed a mid-single digit drop
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Narrowing of trade deficit slows in November as exports fall 22.5 pct
EconomyMacroeconomy(ELSTAT). The change to November shows a continued deceleration since the drop in the trade deficit... at a higher rate than imports. The low single-digit drop in November reflects imports falling by 15.3... of the oil bill was much smoother in 11-month exports, which exhibited a 2.5 percent drop excluding oil
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Electricity drives rare rise in Greek industrial production index
EconomyMacroeconomyin line with the 3.4 percent drop recorded in 2012. The monthly movements throughout 2013 indicate high... percent), July and August recording the highest drop (7.8 – 8.1 percent), while the other monthly readings showed a mid-single digit drop. It is worth noting that the IPI has only had five positive year
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Greek deflation slows to 1.5 pct in January
EconomyMacroeconomyThe drop in Greece’s Consumer Price Index (CPI) slowed to 1.5 percent in January from 1.7 percent... eased 1.2 percent due to a double-digit drop (-15.1 percent) in clothing and footwear most likely... as education are the two sectors mostly hit by deflation showing a drop ranging from 3.9 to 4.3 percent
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Greek retail sales dive 8.5 pct in May after brief rise in April
EconomyMacroeconomyin April. The rate of drop in May retail turnover indicates the highest negative reading since... reason, the month on month (MoM) evolution showed a drop in May retail turnover and volume by 7.2... as furniture, electrical and household equipment posted the highest YoY drop at -17.8 and -11 percent
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OECD report paints grim picture for Greece's labour market
EconomyMacroeconomy, following a 4.8 percent drop in 2012, 8.8 percent in 2011 and 6.9 percent in 2010. Except 2012... an economic adjustment program, Spain also showed a drop in each of the 4-year period ranging from -1.1 to -2.5 percent, while the respective drop in Ireland stood at slightly higher levels, between
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