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Building activity records modest growth in April, up 10 pct in first four months
EconomyMacroeconomyBuilding permits recorded a modest movement in April, rising by 0.9 percent year-on-year (YoY... Agency (ELSTAT) on Friday. February this year saw the first annual decline in permits since July last year. The total number of permits issued in April reached 2,015, from 1,997 in April 2022
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NBG's NII jumps 75 pct to 1.05 bln in H1
EconomyBanking, compared to a profit of 142 million euros in 2022, a significant rise year-on-year. Attributable profit was 530 million euros, compared to 546 million euros in H1 2022, as last year included one-off... the previous quarter. Eurosystem funding was 11.6 billion euros in Q1 last year. The cost of risk stands
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Trade deficit narrows by 14.9 pct in June despite sharp exports drop
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 14.9 percent year-on-year (YoY) in June, after a drop... started widening by the end of 2021. As a measure, the year-on-year growth of June 2022 was 53.5 percent... was down by 10.7 percent, at 11.87 billion euros. Year to date, imports from EU countries were up
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Car sales rise by 7.8 pct in July, driven by new vehicle purchases
EconomyMacroeconomyby 9.2 percent year-on-year (YoY), after a 9.2 percent rise in June, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In July 2022, the year-on-year change was a 2.3 percent... increased by 12.9 percent from a year earlier to 8,060. In the first seven months of 2023, road motor cars
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Impact of energy moderates, current account deficit narrows to 7.86 bln in 6M
EconomyMacroeconomybillion euros in the same month last year. Total imports came to 6.74 billion euros in June, from 8.28 billion last year. At the same time, total exports came to 4 billion euros, from 5.33 billion... euros, from 817.8 million euros last year. The balance of goods excluding oil and ships was 2.02
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Government dampens expectations for handouts in PM's speech
PoliticsGreek Politicsof this year’s Thessaloniki International Fair (TIF), but aides have started to dial down expectations... that the package will be limited as the government does not want to give the impression that this year’s... for pensioners who will miss out on the retirement pay increases next year is also locked
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Building activity grows by 15.8 pct in May, up 11.5 pct in first five months
EconomyMacroeconomyBuilding permits recorded a decent movement in May, rising by 15.8 percent year-on-year (YoY... Agency (ELSTAT) on Monday. Permits have been growing annually this year except for February, which saw the first annual decline since July last year. The total number of permits issued in May reached
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Retails sales contract 1 pct in June, volumes fall as food dips by 6.2 pct YoY
EconomyMacroeconomyGreece’s retail sales turned negative in June, posting a drop of 1 percent year-on-year (YoY... reading for the year, after a 0.3 percent decline in March. Retail sales had been growing since... for nearly a year. On a monthly basis, the seasonally adjusted index decreased by 2.6 percent, after a 1.5
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July trade deficit drops by 21 pct, 7-month data points to export struggles
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 21 percent year-on-year (YoY) in July, after a decline... started widening by the end of 2021. The year-on-year growth of July 2022 was already jumped..., the aggregate deficit was down by 9.5 percent, at 13.9 billion euros. Year to date, imports from EU countries
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Newsletter 392 - 08/09/2023
, with the economy growing by 2.7 pct year-on-year (YoY) in Q2, and 1.3 pct from the previous quarter... growth for this year that were made by the government authorities most international observers... the government put together last year. The OECD said this week that with an energy support package of close
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